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Sure some absolutely will, but there were enough paperclip maximizers relative to the total available rental units that a law limiting their maximizations had e
by joshAg 7y ago
Sure some absolutely will, but there were enough paperclip maximizers relative to the total available rental units that a law limiting their maximizations had enough political will to actually pass through the legislature even though it's blindingly obvious that putting a limit on rent increases encourages all landlords to always increase rent by the maximum allowed.
- kelnos 7y agoIf eligible landlords in SF all started raising rents by 7% per year, every year, the city would empty out. As much as housing is crazy expensive in SF, there's no way the market would bear those kinds of increases
- mlyle 7y agoSF already has rent control, which limits most landlords to increasing rent at 60% of inflation. Needless to say, costs are increasing faster than 60% of inflation... In turn, landlords are only willing to write leases at very high prices and the supply of rental units is even lower than it would be otherwise...