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California passes rent control legislation; increase capped at 5%
Poast new message in this thread
Date: October 8th, 2019 5:51 PM Author: Spectacular selfie patrolman 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 |
Date: October 8th, 2019 6:05 PM Author: dead stead 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 |
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Date: October 8th, 2019 6:05 PM Author: bearded plaza french chef 🐴 (http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38949069) |
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Date: October 8th, 2019 6:25 PM Author: Spectacular selfie patrolman there are multiple ingredients in this shit casserole obviously (http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38949168) |
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Date: October 8th, 2019 7:08 PM Author: razzle saffron state 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). |
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Date: October 8th, 2019 8:13 PM Author: dead stead 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 |
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Date: October 8th, 2019 6:43 PM Author: hideous light crotch How fucking stupid (http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38949233) |
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Date: October 8th, 2019 6:59 PM Author: turquoise double fault 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) |
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Date: October 8th, 2019 7:00 PM Author: Spectacular selfie patrolman lmao just perfect, thanks libs. (http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38949291) |
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Date: October 8th, 2019 7:08 PM Author: Kink-friendly Station (http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38949325) |
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Date: October 8th, 2019 7:14 PM Author: razzle saffron state (http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38949342) |
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Date: October 8th, 2019 7:19 PM Author: hideous light crotch 180 (http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38949355) |
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Date: October 9th, 2019 12:57 PM Author: Azure Gas Station (http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38952659) |
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Date: October 9th, 2019 1:52 PM Author: odious kitty place of business (http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38952883) |
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Date: October 8th, 2019 7:26 PM Author: Misunderstood disturbing ticket booth brethren any chance this leads to foreign investors pulling their money out (http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38949380) |
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Date: October 8th, 2019 7:30 PM Author: razzle saffron state 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: olive organic girlfriend 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: hideous light crotch (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: Histrionic Bonkers Roast Beef University 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) |
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Date: October 8th, 2019 8:33 PM Author: Provocative apoplectic property All asians need to be exterminated or expelled (http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38949640) |
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Date: October 8th, 2019 8:18 PM Author: Erotic location Rent control would be fine if it were easy to evict. (http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38949582) |
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Date: October 9th, 2019 12:32 PM Author: Spectacular selfie patrolman (http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38952549) |