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It’s only bad if you’re privileged enough to own property. Otherwise it’s great!
by mishkinf 7y ago
It’s only bad if you’re privileged enough to own property. Otherwise it’s great!
- Smaug123 7y agoThe usual argument is that by imposing an artificial ceiling on price, you cause the quality of the good/service to drop (in this case, you make rental properties worse) and you prevent people from selling it (in this case, you prevent owners from offering up rental properties, causing rental property to become scarce). To claim that something is great, you should at least address the standard arguments that it's bad!
- jdhdu2ndj 7y agoCan attest as an amateur California landlord with a small complex of 9 1br units and a studio, it gives me an excuse to raise rents consistently by 5% per year. No reason not to anymore and it's been made pretty clear what leniency gets you as far as trying to keep prices down to stave off gentrification. Granted most 'landlords' in the state are large business entities who were probably already optimizing their rental return rates.