Re:Stanford paper says rent control is driving up cost of ho...
by lern_too_spel on Monday January 08, 2018 @04:01PM
(#16100518)
I know several slumlords who have made a killing off of rent control. It rewards bad actors disproportionately more than bleeding hearts like GP's mother.
Because slumlords are better able to extract profits from rent controlled properties, they are willing to buy them for more than they are worth to bleeding hearts. All rent controlled properties will be managed by slumlords in the long run.
Because slumlords are better able to extract profits from rent controlled properties, they are willing to buy them for more than they are worth to bleeding hearts. All rent controlled properties will be managed by slumlords in the long run.