5 ms·
Depending on how they do it and the location for many areas temporary "discounts" do not effect the "base rent" but in many areas discounts are considered alter
by tick_tock_tick 6y ago
Depending on how they do it and the location for many areas temporary "discounts" do not effect the "base rent" but in many areas discounts are considered altering the "base rent" and would basically permanently ruin any chance of making money on a piece of property. Can't even sell it if you get stuck with a low base rent as normally rent control forces the rate to pass between owner with very few exceptions meaning no one would buy the land off you.
- ShamelessC 6y agoHas there been any consideration by state/city governments to temporarily lift these restrictions until the pandemic is over so long as prices don't exceed the prepandemic price once we return to normalcy? Again, I'm uniformed on this issue as I live in an area that doesn't practice rent control. Happy to hear if this is a bad idea for some reason I'm not thinking of.
- zeveb 6y ago> Has there been any consideration by state/city governments to temporarily lift these restrictions until the pandemic is over so long as prices don't exceed the prepandemic price once we return to normalcy? Can't you imagine the headlines? 'Sweetheart deal for politicially-connected landlords allows rent-control evasion for the next year!'
- ShamelessC 6y agoI thought the whole point of rent-control was to keep prices from going up? In this instance they would be going down. How could you spin that as a good thing for landlords? Ignoring blatantly false news, that is.
- zeveb 6y agoThe idea was to allow prices to quickly return to their current level after going down, in what would normally be a violation of rent-control policies. That would easily be spun as allowing landlords to raise rent more quickly than they normally could.