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I'm mostly thinking about construction or the introduction of vacant homes to the rental market. Maybe "new supply" makes more sense here. Obviously if you had
by analyte123 5y ago
I'm mostly thinking about construction or the introduction of vacant homes to the rental market. Maybe "new supply" makes more sense here. Obviously if you had a choice between two jurisdictions to build apartments, all other things being equal you would choose the one that will let you start eviction proceedings after six weeks of non-payment instead of six months. I agree it's not the biggest factor, but there is probably also some interaction between zoning restrictions and tenant-friendly laws: tenant-friendly laws might reduce the political power of multi-family developers by lowering their income and leaving them at the mercy of local courts, making them less able to influence zoning and development hurdles in their favor.
- lukeschlather 5y agoThat would matter if it were possible to introduce more new homes to the market. In many if not all large American cities the government restricts new housing construction to the point that practically speaking the rental market could crash 10% and still support a doubling of the amount of new construction.