4 ms·
As a new landlord in San Francisco, you want to get rent control abolished so that you make lots of money. But of course when you bought your property you knew
by hristov 14y ago
As a new landlord in San Francisco, you want to get rent control abolished so that you make lots of money. But of course when you bought your property you knew it was rent controlled and what the rent control price was, so if you do own rent controlled buildings you should have known what you were getting into.
Rent control does not really affect growth of housing, because new housing is almost never rent controlled. Furthermore, abolishment of rent control would also create a lot of inflation in a city because a city cannot function on engineers only. And once low income people get forced out of town they will want more money commute to the city.
So it is not such a black and white issue.