3 ms·
If Seattle implements rent control, it will be the mother of all property investment opportunities as it turns into SF 2.0 over the next decade. Long-term rent
by varelse 11y ago
If Seattle implements rent control, it will be the mother of all property investment opportunities as it turns into SF 2.0 over the next decade. Long-term renters will dance in the streets alongside property owners and everyone else will be priced out forever.
http://www.komonews.com/news/local/Rent-control-proposed-for-Seattles-affordable-housing-crisis-317743161.html http://www.komonews.com/news/local/Rent-control-proposed-for...
Even Paul Krugman thinks rent control is bollocks. Of course, people only listen to economists when they agree with them, but I digress.
http://www.nytimes.com/2000/06/07/opinion/reckonings-a-rent-affair.html http://www.nytimes.com/2000/06/07/opinion/reckonings-a-rent-...
Sorry for hijacking the topic a bit, but I don't think it will be Seattle. And it's already too late for it to be Boston. I'd love for it to be Portland, but Portland's politics make that impractical. You need a hard to copy magical mix of social liberalism mixed with a healthy subpopulation of corporate whoredom to recreate Silicon Valley IMO.