3 ms·
Units that this “rent control” scheme disallows (source; direct, personal knowledge of individuals experiencing each of these scenarios): - Studio apartments t
by pjkundert 2y ago
Units that this “rent control” scheme disallows (source; direct, personal knowledge of individuals experiencing each of these scenarios):
- Studio apartments that are rented to visitors in the summer, and students in the winter.
- homes that the homeowner can vacate during the summer tourist season, and either occupied or rent in the winter.
- Homes, which can be divided into two or more Airbnb, that the owner can can vacate because they have a second home.
- all construction made possible to marginal borrowers, that was rationalized by the potential for Airbnb income in a pinch.
- construction of hotel and apartment units, prevented due to that possibility of further legislative interference by government.
- Loss of productive, wealthy, citizenry who could build, who can move to more business favourable jurisdictions at will.
But, you’re willing to bet that none of these will occur, and that the market will not respond to vastly increased housing unit supply with lowering prices and increasing availability.
Is this a bet that you’re really willing to make?