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A comment on California Approves Statewide Rent Control. Parent comment

Re:California Approves Statewide Rent Control by jeffdavis on Wednesday September 11, 2019 @11:51PM (#20947773)
A new rent control law changes the market. If the tenant leaves, they will need to sign a new lease, and the leasor will build in extra rent because they are worried they won't be able to raise it enough later.

In other words, it scares all the landlords at once, and they all raise prices a little because of it.

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Re:California Approves Statewide Rent Control by quickthrower2 on Thursday September 12, 2019 @12:30AM (#20948005)
It all depends if tenants can afford it. On a scale this could be "happy with rent"->"rent too high but can afford"->"cannot afford rent, in arrears".

Are average renters getting 7% pay raises every year in perpetuity?

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Re:California Approves Statewide Rent Control by BurningFrog on Thursday September 12, 2019 @01:07PM (#20953827)
> It all depends if tenants can afford it

In extreme markets, perhaps.

Normally one landlord's ability to raise rents is constrained by the prices other landlords charge.

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