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California passes rent control legislation; increase capped at 5%
| aphrodisiac chrome incel | 10/08/19 |
| rose brunch travel guidebook | 10/08/19 |
| pea-brained yapping old irish cottage telephone | 10/08/19 |
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Poast new message in this thread
Date: October 8th, 2019 5:51 PM Author: aphrodisiac chrome incel 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: rose brunch travel guidebook 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: pea-brained yapping old irish cottage telephone 🐴 (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: aphrodisiac chrome incel 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: buff ladyboy 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: rose brunch travel guidebook 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: bull headed chartreuse center 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: Unhinged Psychic 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: aphrodisiac chrome incel 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: Sapphire mildly autistic office mood (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: buff ladyboy (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: bull headed chartreuse center 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: amber whorehouse masturbator (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: Nudist Wonderful Casino (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: Soul-stirring silver piazza multi-billionaire 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: buff ladyboy 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: Purple irradiated associate 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: bull headed chartreuse center (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: vengeful violet gunner school cafeteria 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: free-loading confused church 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: fear-inspiring hospital sneaky criminal 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: aphrodisiac chrome incel (http://www.autoadmit.com/thread.php?thread_id=4359465&forum_id=2#38952549) |