Re:Rent control isn’t working in Sweden
by WalterBright on Thursday August 26, 2021 @07:19PM
(#28322277)
I've read in the letters section of the Seattle Times many, many letters from landlords who are exiting the business in Seattle due to the extra uncompensated costs heaped on them by the city.
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When a landlord 'exits the business', do they also load the apartment they are letting into a helicopter, and take it out of the city?
The housing inventory doesn't change, regardless of whether landlords are 'exiting'. Like any conscious class, they are just complaining because they, like the rest of us, want more money.
Re:Rent control isn’t working in Sweden
by WalterBright on Friday August 27, 2021 @04:32AM
(#28325540)
Many own the home, they can sell it to anyone, including people who want to own it as a residence. Underperforming buildings also get razed by developers.
> Many own the home, they can sell it to anyone, including people who want to own it as a residence.
Which, in terms of the rental market, is the exact same thing as that person long-term renting the unit.
> Underperforming buildings also get razed by developers.
... And in this town, when that happens, they get replaced by buildings containing more units. You may have seen a few cranes here and there on the city skyline.