3 ms·
If it's true what you say that "the result will be more profitable for landlords, and hurtful to tenants," then it seems odd that landlords are not universally
by zuminator 7y ago
If it's true what you say that "the result will be more profitable for landlords, and hurtful to tenants," then it seems odd that landlords are not universally applauding rent control.
- mike_d 7y agoLandlords want to be able to raise rents at whatever rate maximizes profit without generating turn over - except when they want turn over (to get renters out). When the market will bear an increase less than rent control, it gives landlords something to point at as justification and help mitigate turn over. When the market will bear a greater increase, it is unfair and harmful to communities, etc. etc. etc.
- mactrey 7y agoFrom the article: "[The measure] was unopposed by the state’s biggest landlords’ group." It shouldn't be a surprise that more landlord-friendly rent control measures get less resistance from landlords.