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To expand the set of people suffering to include landlords and owners, instead of having own group of people benefiting from regulation (in the form of restrict
by human20190310 7y ago
To expand the set of people suffering to include landlords and owners, instead of having own group of people benefiting from regulation (in the form of restricted supply) and another not.
EDIT: to be clear, not suffering for its own sake, but to pressure owners to stop supporting the current regulations.
- AmericanChopper 7y agoAs long as demand for housing continues to outstrip supply, especially if demand continues to grow at a rate exceeding the growth in supply, then there will always be money to be made in housing. This law in California allows for 5% annual increases after inflation. It’s hard to see how this will even hurt landlords. Creating a pretty clear incentive to perform a maximum increase ever year doesn’t seem great for renters though.