4 ms·
At the cost of further increasing the price of rents across the board due to limited housing supply.
by pitaj 7y ago
At the cost of further increasing the price of rents across the board due to limited housing supply.
- tmh79 7y agodid you read the article or understand the bill? This bill doesn't impact construction finance because it doesn't apply for the first 15 years after a building is constructed (pretty much all residential construction loans use a 15 year rent projection for valuation). Additionally, the median market rent increase is a few percentage points lower than the rent increase allowed by this law. The main thing the law does is allow people who are being price evicted to be price evicted over 3 years instead of 60 days.