3 ms·
Rent control in most places means you cannot increase the rent more than x% per year, where x is fairly low. If the rent is decreasing, you are not allowed to p
by AdrianB1 6y ago
Rent control in most places means you cannot increase the rent more than x% per year, where x is fairly low. If the rent is decreasing, you are not allowed to put it back to the original level if the difference is larger than x, so you need to do x% per year for several years just to revert to previous levels.
- sullyj3 6y agoThat seems like a seriously perverse incentive if kicking people out and leaving the building vacant becomes more economically prudent in the long run