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California passes rent control legislation; increase capped at 5%
| thriller hilarious background story | 10/08/19 |
| claret outnumbered stain institution | 10/08/19 |
| maroon duck-like gaping gay wizard | 10/08/19 |
| thriller hilarious background story | 10/08/19 |
| Violet multi-colored piazza | 10/08/19 |
| claret outnumbered stain institution | 10/08/19 |
| spectacular misunderstood wrinkle | 10/08/19 |
| Filthy lime potus | 10/08/19 |
| thriller hilarious background story | 10/08/19 |
| 180 yarmulke | 10/08/19 |
| Violet multi-colored piazza | 10/08/19 |
| spectacular misunderstood wrinkle | 10/08/19 |
| exhilarant doctorate | 10/09/19 |
| Zippy Canary Parlour Cuckoldry | 10/09/19 |
| abnormal coral nowag dopamine | 10/08/19 |
| Violet multi-colored piazza | 10/08/19 |
| Sick stage | 10/08/19 |
| spectacular misunderstood wrinkle | 10/08/19 |
| Beady-eyed psychic principal's office | 10/08/19 |
| avocado disrespectful famous landscape painting | 10/08/19 |
| racy boiling water | 10/08/19 |
| thriller hilarious background story | 10/09/19 |
Poast new message in this thread
Date: October 8th, 2019 5:51 PM Author: thriller hilarious background story 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: claret outnumbered stain institution 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: maroon duck-like gaping gay wizard 🐴 (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: thriller hilarious background story 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: Violet multi-colored piazza 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: claret outnumbered stain institution 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: spectacular misunderstood wrinkle 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: Filthy lime potus 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: thriller hilarious background story 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: 180 yarmulke (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: Violet multi-colored piazza (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: spectacular misunderstood wrinkle 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: exhilarant doctorate (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: Zippy Canary Parlour Cuckoldry (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: abnormal coral nowag dopamine 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: Violet multi-colored piazza 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: Sick stage 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: spectacular misunderstood wrinkle (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: Beady-eyed psychic principal's office 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: avocado disrespectful famous landscape painting 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: racy boiling water 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: thriller hilarious background story (http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38952549) |