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There is a lot of rental regulations, and jurisdictions are rated on how renter or landlord friendly it is. Rental regulations are old, and you happen to liv

by novok 5y ago

There is a lot of rental regulations, and jurisdictions are rated on how renter or landlord friendly it is. Rental regulations are old, and you happen to live in a place where its landlord slanted. In places like SF, you can stop paying your rent and tie up your landlord for YEARS and not get evicted. Rent control ensures your rent goes up at a rate way below inflation, something like %0.5, and so on and so forth.

bredren 5y ago
You were not talking about people who are not paying the rent. You were talking about people who could potentially buy a house. What you are failing to account for are unaccounted for costs of being a “good” renter. A great deal of Landlords do not promptly take care of problems. They don’t take care of the property. And in general they don’t act professionally. I managed an apartment building in Oakland several years ago. The landlords for an older couple that cut corners all of the time. Their posture was that the people living there did not care if the place was nice. So it was not worth investing money in trying to make it nice. Except their idea of investment was just normal maintenance other than the least possible expense to comply with the law. They hired their kid to paint the building even though it was obviously done very poorly. All of the windows had paint splattered all of them. Electrical work would include stapling over extension cord wires. Even in hiring me to manage the place they did it primarily to comply not because they wanted professional management. I’ve seen this in two other rentals I’ve been in. Even when the rent is higher than market, landlords too often cut corners to squeeze as much money out of properties as possible. From what I can tell, they do it because they’re either greedy or they see housing as a business instead of a need. Like I said, most of the focus is on eviction. But it is the day-to-day apathy of landlords that creates costs for renters that go unaccounted.

by novok 5y ago

bredren 5y ago

You were not talking about people who are not paying the rent. You were talking about people who could potentially buy a house. What you are failing to account for are unaccounted for costs of being a “good” renter. A great deal of Landlords do not promptly take care of problems. They don’t take care of the property. And in general they don’t act professionally. I managed an apartment building in Oakland several years ago. The landlords for an older couple that cut corners all of the time. Their posture was that the people living there did not care if the place was nice. So it was not worth investing money in trying to make it nice. Except their idea of investment was just normal maintenance other than the least possible expense to comply with the law. They hired their kid to paint the building even though it was obviously done very poorly. All of the windows had paint splattered all of them. Electrical work would include stapling over extension cord wires. Even in hiring me to manage the place they did it primarily to comply not because they wanted professional management. I’ve seen this in two other rentals I’ve been in. Even when the rent is higher than market, landlords too often cut corners to squeeze as much money out of properties as possible. From what I can tell, they do it because they’re either greedy or they see housing as a business instead of a need. Like I said, most of the focus is on eviction. But it is the day-to-day apathy of landlords that creates costs for renters that go unaccounted.