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> And you immediately demonstrate why having a conversation with you on this subject is pointless. That's because my positions are correct. BTW, rent control
by WalterBright 11mo ago
> And you immediately demonstrate why having a conversation with you on this subject is pointless.
That's because my positions are correct.
BTW, rent control in 9 states is statewide, and is commonplace in cities.
Google [does seattle provide free lawyers for tenants?] for more examples.
For more,
In California, over 35 cities and counties have implemented long-term rent control ordinances for residential rental housing. In addition, since Jan. 1, 2020, the California Tenant Protection Act has extended rent caps and eviction restrictions to many properties not governed by local ordinances.
Google also reports:
Tens of thousands of NYC rent-stabilized apartments are vacant, with estimates varying from around 26,000 to over 60,000, often described as "warehoused," because strict rent caps (especially after 2019 laws) make costly renovations financially unviable for landlords, leading to units sitting empty rather than being rented or sold. While some vacancies are for legitimate repairs, many are held off-market as owners await the ability to renovate and raise rents, contributing to the city's housing shortage, say housing advocates and reports.
- deleted 11mo ago[deleted]
- vkou 11mo agoAnd yet, investors and landlords are scooping up every rental property they can, and are as a class, making mountains of money in those states. It's wild that as a whole they are so advantaged that they are still net-in the green when they let properties sit empty and unused. It's just as wild that you continue digging deeper. Reality in the big picture isn't compatible with your 'correct' viewpoint, so you keep drilling down to microdetails.
- WalterBright 11mo agoDid you read the part about 26,000-60,000 units left vacant because it was unprofitable to rent them out under the NYC rent control laws?