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Re:San Francisco, Silicon Valley rents plunge amid downturn by 0xffff2 on Monday June 01, 2020 @04:42PM (#23383546)
Yeah, and if someone made me that offer on my current ($2k/month) apartment, I would turn it down despite it being a 50% discount because I don't want the uncertainty of having to move in a year. This is not a problem if both parties know up front. The only way it becomes a problem is if I think I'm renting an apartment for $1k/month and then a year later my landlord says "Oh, actually your rent was $5000/month but you had the $4000/month move-in discount for the first year, your rent is now $5250/month".
Re:San Francisco, Silicon Valley rents plunge amid downturn by sjg007 on Monday June 01, 2020 @05:27PM (#23384091)
Right but when the market becomes red hot again why would they not? I think this will only impact units that fall under rent control more generally though.