5 ms·
And it gets better! They now have the added buffer of rental/leasing agencies! Many of these are fly-by-night and skirt or outright ignore inconvenient laws li
by effingwewt 4y ago
And it gets better!
They now have the added buffer of rental/leasing agencies! Many of these are fly-by-night and skirt or outright ignore inconvenient laws like renter's rights.
Repairs? Cost sink, just don't renew complaintant's lease. Bonus you get to raise the rent again!
Want to get in touch with the owner? Most times you'll have to look up tax records and hope it's actually in the owner's name.
Makes rental properties probably 90/10 profit/cost.
I know people on both sides of the equation and it's more than a little insane the entitlement some landlords feel.
- rootos 4y agoRental/leasing agencies can ignore laws...but the courts don't. And the machinery of law enforcement, from bailiffs to cops to IRS revenue agents, keep both sides somewhat in line.
- brnaftr361 4y agoThat's cute, but 95% of people don't have the time or money for pursuing justice, myself included.
- supertrope 4y agoThe heart of the problem is low vacancy giving landlords market power. The inherent scarcity of land in desirable locations is amplified by zoning laws keeping housing supply growing much slower than demand. When 90% of urban land is zoned for single family housing and it is literally illegal to build a duplex let alone an apartment building you will have a shortage. Eliminate parking minimums, setbacks, feature area ratio, height limitations, endless environment impact lawsuits, and build!