Re:California Approves Statewide Rent Control
by icebraining on Thursday September 12, 2019 @05:38AM
(#20949655)
No, just leaving them vacant while the value increases.
[ Parent
| on HN ]
Re:California Approves Statewide Rent Control
by tibbon on Thursday September 12, 2019 @08:35AM
(#20950694)
Cool- next up, a tax on vacant properties. Maybe they will have to sell.
Perhaps the people can again seize the means of production (part of that being stable housing).
I’d far rather know another 100,000 units are owned by the people that live in them than 100 landlords owning and profiteering from those units.
If this “disrupts” the entire rental industry, that’s fine with me. Didn’t bring much value anyway
Re:California Approves Statewide Rent Control
by rayiner on Thursday September 12, 2019 @09:20AM
(#20951085)
That’s worked great everywhere it’s been tried!
Re:California Approves Statewide Rent Control
by icebraining on Thursday September 12, 2019 @09:35AM
(#20951244)
> I’d far rather know another 100,000 units are owned by the people that live in them than 100 landlords owning and profiteering from those units.
I'd rather have that too! But it's not the result of these patchwork rules. Fix it properly instead.
Re:California Approves Statewide Rent Control
by bakuninsbart on Thursday September 12, 2019 @06:04AM
(#20949784)
SF Metro vacancy rate is below the national average for large metro areas.[0]
[0] https://www.sfchronicle.com/realestate/article/An-estimated-...
Re:California Approves Statewide Rent Control
by icebraining on Thursday September 12, 2019 @06:22AM
(#20949855)
And if those markets were the same except for the rent control rules, we could conclude that rent control doesn't increase the vacancy rate. But they aren't.