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Landlords are welcome to sell their property (at a likely tidy profit from what they bought it at, I might add, given current prices) and go elsewhere, if that’
by emodendroket 5y ago
Landlords are welcome to sell their property (at a likely tidy profit from what they bought it at, I might add, given current prices) and go elsewhere, if that’s what they would like to do.
- WalterBright 5y agoThe price they can get for it will be reduced by the new risk of rent moratoriums. There's a general exodus of landlords from Seattle going on due to a series of punitive laws passed against them by the Seattle City Council. https://www.seattletimes.com/opinion/editorials/stop-new-rental-regulations-to-preserve-housing-supply/ https://www.seattletimes.com/opinion/editorials/stop-new-ren... What this means for renters is less places available for rent, at much higher prices.
- emodendroket 5y agoMaybe it will but the current market shows the exact opposite trend.