16 ms·
Sorry 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,
by nick7376182 3y ago
Sorry 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]