3 ms·
It's called 'dynamic price control' and is present in most cities in my country. My landlord cannot rise the rent at weird levels, which is based on the selling
by orwin 2y ago
It's called 'dynamic price control' and is present in most cities in my country. My landlord cannot rise the rent at weird levels, which is based on the selling cost of the unit. Basically if her unit appreciate 5% yoy, she won't be able to rise the rent higher than 5% yoy.
- Manuel_D 2y agoSo it's exactly the same thing as SF rent control, albeit with a higher allowable year-over-year increase. There's nothing "dynamic" about it, it's just textbook rent control.
- vundercind 2y agoReads to me like the rate’s dynamic because it’s indexed to something else (potential sale price) that floats freely, rather than being a fixed value.