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What happened to all the landlords who owned a building when rent controlled was first introduced? Most got stuck with a huge future loss. Seems weird to subs
by brianwawok 8y ago
What happened to all the landlords who owned a building when rent controlled was first introduced? Most got stuck with a huge future loss.
Seems weird to subsidize one side but not the other.
- bradleyjg 8y agoThey are long dead. How does it make any sense to give a windfall to a group of owners far removed in time and ownership to “balance” that?
- brianwawok 8y agoThat's not my argument ;) My argument is that is why you don't give landlords a one time cash payment when you end rent control. You are making someones property worth MORE, paying them is giving them a double win.
- bradleyjg 8y agoAh I see. I meant that landlords would have to buyout of rent control with a one time payment not get paid.