Re:California Approves Statewide Rent Control
by zuminator on Wednesday September 11, 2019 @09:44PM
(#20946880)
If it's true what you say that "the result will be more profitable for landlords, and hurtful to tenants," then it seems odd that landlords are not universally applauding rent control.
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Re:California Approves Statewide Rent Control
by mactrey on Wednesday September 11, 2019 @10:24PM
(#20947185)
From the article: "[The measure] was unopposed by the state’s biggest landlords’ group."
It shouldn't be a surprise that more landlord-friendly rent control measures get less resistance from landlords.
Re:California Approves Statewide Rent Control
by mike_d on Wednesday September 11, 2019 @09:59PM
(#20947004)
Landlords want to be able to raise rents at whatever rate maximizes profit without generating turn over - except when they want turn over (to get renters out).
When the market will bear an increase less than rent control, it gives landlords something to point at as justification and help mitigate turn over. When the market will bear a greater increase, it is unfair and harmful to communities, etc. etc. etc.