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California passes rent control legislation; increase capped at 5%

because obviously the way to add more housing is to discoura...
Flesh Histrionic Coffee Pot Organic Girlfriend
  10/08/19
It's very interesting in SF Any development is steered by...
Fragrant Church Building
  10/08/19
🐴
razzmatazz spruce pervert dragon
  10/08/19
there are multiple ingredients in this shit casserole obviou...
Flesh Histrionic Coffee Pot Organic Girlfriend
  10/08/19
The boomers are the worst and the core of the problem. They ...
Balding abode athletic conference
  10/08/19
Yeah it's a massive quandry bc if you out all those units in...
Fragrant Church Building
  10/08/19
How fucking stupid
flickering brunch
  10/08/19
Swedish economist (and socialist) Assar Lindbeck asserted, &...
beady-eyed blue indian lodge love of her life
  10/08/19
lmao just perfect, thanks libs.
Flesh Histrionic Coffee Pot Organic Girlfriend
  10/08/19
...
amethyst mood lodge
  10/08/19
...
Balding abode athletic conference
  10/08/19
180
flickering brunch
  10/08/19
...
Azure Generalized Bond Hunting Ground
  10/09/19
...
honey-headed fantasy-prone old irish cottage heaven
  10/09/19
any chance this leads to foreign investors pulling their mon...
Peach glittery library
  10/08/19
It has been slowing down in coastal cities, could be a push ...
Balding abode athletic conference
  10/08/19
Heaven forbid that Kwan “Mike” Chang and Susie C...
translucent mind-boggling house partner
  10/08/19
(Marxist)
flickering brunch
  10/08/19
rent control is the only option left because the zoning and ...
mauve depressive
  10/08/19
All asians need to be exterminated or expelled
cordovan school
  10/08/19
Rent control would be fine if it were easy to evict.
Excitant drunken bawdyhouse place of business
  10/08/19
...
Flesh Histrionic Coffee Pot Organic Girlfriend
  10/09/19


Poast new message in this thread



Reply Favorite

Date: October 8th, 2019 5:51 PM
Author: Flesh Histrionic Coffee Pot Organic Girlfriend

because obviously the way to add more housing is to discourage investors from getting into the housing biz

https://www.wsj.com/articles/new-california-rent-control-law-leaves-advocates-wanting-more-11570532401?mod=hp_lead_pos10

(http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38948998)



Reply Favorite

Date: October 8th, 2019 6:05 PM
Author: Fragrant Church Building

It's very interesting in SF

Any development is steered by a) NIMBY boomers who have lived there for decades and resent the tech boom b) rancid SJW libs

It's not laws like this that threaten new investment. It's the threat of one of the former two groups and city council axing your project 90% of the way through because the "Light Impact Committee" determined that the new 60-unit middle-income complex you are building was casting too large of a shadow on Juan's taco truck

(http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38949066)



Reply Favorite

Date: October 8th, 2019 6:05 PM
Author: razzmatazz spruce pervert dragon

🐴

(http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38949069)



Reply Favorite

Date: October 8th, 2019 6:25 PM
Author: Flesh Histrionic Coffee Pot Organic Girlfriend

there are multiple ingredients in this shit casserole obviously

(http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38949168)



Reply Favorite

Date: October 8th, 2019 7:08 PM
Author: Balding abode athletic conference

The boomers are the worst and the core of the problem. They exist as an entire block of voters who either paid nothing for their housing (not the worst thing - a good investment is a good investment) or are in rent controlled apartments that they pay almost nothing on a relative basis for and are extremely difficult if not impossible to evict.

The later set is an extremely dangerous thing because the City is majority renters and having rent controlled Boomers fosters NIMBYism, Slumification (due to owners having no incentive to do all but the most basic CapEx) and the worst of all: insane liberal voting by people who are insulated from their decisions, forcing everyone who did not have the fortune to be born a Boomer to live with their increasingly deranged issues. Just look at the way the city has voted in the past 20 years or so, it is almost comical.

There are like 20,000-30,000 units vacant in the City as well because property owners are either absentee or have such a low cost basis they don't want to deal with rent control. I've also seen apartments in nice areas of the city used for fucking storage by boomers (like a duplex where a boomer lives in one and uses the other as storage).

(http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38949322)



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Date: October 8th, 2019 8:13 PM
Author: Fragrant Church Building

Yeah it's a massive quandry bc if you out all those units in the market, you wouldn't need to raise rents 10% (which is also absurd but that's a different topic)

Everyone involved sucks

(http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38949553)



Reply Favorite

Date: October 8th, 2019 6:43 PM
Author: flickering brunch

How fucking stupid

(http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38949233)



Reply Favorite

Date: October 8th, 2019 6:59 PM
Author: beady-eyed blue indian lodge love of her life

Swedish economist (and socialist) Assar Lindbeck asserted, “In many cases rent control appears to be the most efficient technique presently known to destroy a city—except for bombing.”

(http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38949288)



Reply Favorite

Date: October 8th, 2019 7:00 PM
Author: Flesh Histrionic Coffee Pot Organic Girlfriend

lmao just perfect, thanks libs.

(http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38949291)



Reply Favorite

Date: October 8th, 2019 7:08 PM
Author: amethyst mood lodge



(http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38949325)



Reply Favorite

Date: October 8th, 2019 7:14 PM
Author: Balding abode athletic conference



(http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38949342)



Reply Favorite

Date: October 8th, 2019 7:19 PM
Author: flickering brunch

180

(http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38949355)



Reply Favorite

Date: October 9th, 2019 12:57 PM
Author: Azure Generalized Bond Hunting Ground



(http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38952659)



Reply Favorite

Date: October 9th, 2019 1:52 PM
Author: honey-headed fantasy-prone old irish cottage heaven



(http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38952883)



Reply Favorite

Date: October 8th, 2019 7:26 PM
Author: Peach glittery library

any chance this leads to foreign investors pulling their money out

(http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38949380)



Reply Favorite

Date: October 8th, 2019 7:30 PM
Author: Balding abode athletic conference

It has been slowing down in coastal cities, could be a push in that direction. Capital just follows returns, limit the returns you limit capital flows.

(http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38949400)



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Date: October 8th, 2019 7:27 PM
Author: translucent mind-boggling house partner

Heaven forbid that Kwan “Mike” Chang and Susie Cheng can’t gouge American tenants with annual 20% rent increases. Won’t someone think of the Free Market Capitalism

(http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38949386)



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Date: October 8th, 2019 7:29 PM
Author: flickering brunch

(Marxist)

(http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38949396)



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Date: October 8th, 2019 8:18 PM
Author: mauve depressive

rent control is the only option left because the zoning and development controls and fees are too expensive and restrictive

(http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38949580)



Reply Favorite

Date: October 8th, 2019 8:33 PM
Author: cordovan school

All asians need to be exterminated or expelled

(http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38949640)



Reply Favorite

Date: October 8th, 2019 8:18 PM
Author: Excitant drunken bawdyhouse place of business

Rent control would be fine if it were easy to evict.

(http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38949582)



Reply Favorite

Date: October 9th, 2019 12:32 PM
Author: Flesh Histrionic Coffee Pot Organic Girlfriend



(http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38952549)