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Keep RSO but get rid of Prop13 on any non-owner occupied buildings. Multi unit buildings that are not individual condos should automatically be voided out of Pr
by nick7376182 3y ago
Keep RSO but get rid of Prop13 on any non-owner occupied buildings. Multi unit buildings that are not individual condos should automatically be voided out of Prop 13 anyways.
- KerrAvon 3y agoThey recently got rid of Prop 13 on inherited homes -- apparently because people got real mad at Jeff Bridges for having a second home -- which is currently fucking me over personally because it's taking a long time to prep the inherited property for sale.
- nick7376182 3y agoSorry for your loss. Given that you are selling it rather than rent it out, it seems to have the intended effect. Just as when I renovated a vacant RSO duplex, I sold it rather than enter rent control again. Incentives do work, but we accidentally incentivised and subsidized a whole bunch of mom and pop landlords with prop 13.
- bombcar 3y agoWhat is RSO? The subsidization of mom and pop landlords with Prop 13 basically translates into lower rents overall; without it rents would have to rise (or total rentals decrease, which may be a desirable outcome).
- dredmorbius 3y agoI'm presuming "rent stabilization ordinance", which is specific to Los Angeles, best I can tell: <https://codelibrary.amlegal.com/codes/los_angeles/latest/lamc/0-0-0-195151 https://codelibrary.amlegal.com/codes/los_angeles/latest/lam...>
- nick7376182 3y ago[dead]
- nick7376182 3y ago[dead]