Re:California Approves Statewide Rent Control
by jimmaswell on Wednesday September 11, 2019 @09:19PM
(#20946679)
Maybe more people selling property instead of collecting money forever for winning the land lottery 50 years ago it is a good thing.
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Re:California Approves Statewide Rent Control
by pmikesell on Wednesday September 11, 2019 @09:27PM
(#20946740)
That would remove rental units from the market and further increase cost of living for folks who can’t purchase.
What would be the positive effects?
Re:California Approves Statewide Rent Control
by eru on Thursday September 12, 2019 @07:04AM
(#20950100)
It also takes a tenant out of the market. So the net effect on other renters is pretty slim.
Re:California Approves Statewide Rent Control
by sct202 on Thursday September 12, 2019 @10:09AM
(#20951600)
In Chicago, a lot of multi-units (2+ flats) are converted to single large SFH, so the net effect could be worse especially if prices were to go down that it would be attainable to do that.
Re:California Approves Statewide Rent Control
by eru on Friday September 13, 2019 @07:21AM
(#20961065)
Interesting! I wonder about the economics of that?
Do they just knock down a wall in the middle? Or is there any new construction involved? (Usually the developer wants to go for higher intensity to sell more units per land.)