4 ms·
Another perspective, (Los Angeles) rent control makes turn over attractive. If you are capped on increases in a way that your rents falling below market means t
by carom 3y ago
Another perspective, (Los Angeles) rent control makes turn over attractive. If you are capped on increases in a way that your rents falling below market means they can only reach market when a tenant moves out, you want to rent to people who move out often. That means building units that rent to students and are unsuitable to start a family in.
This isn't the dense city I want you live in. I would love to have long term stable tenants in normal market conditions. The price controls just structure it so that this is not attractive anymore.