Quote:
Originally posted by Mmmm, Burger (C.J.)
ETA--huh? Ty, you mean? (ETA--yeah, fucky mcfuckster, get it right; there's no ty in my name)
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Apparently I meant Ty. I should have known you are not THAT moronic. If I were about to buy a rental property and was told ahead of time that rent control was going to go into effect shortly, I'd adjust my behavior. Duh.
Quote:
Originally posted by Mmmm, Burger (C.J.)
Why? Because with rent control, it's precisely the same use, just by a different person, that changes the value. If I can rent to a tenant for $500 or $2000, why should I be forced to rent to the $500 person (assuming a lease is up)? Put differently, is it right that the value of a property can quadruple simply because someone moves out or dies? That seems like a non-sensical form of regulation.
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It all depends on how you look at it. I know you reject anyone having any kind of property right other than the owner, but why should I have to move to Buttfuck Cheapland just because my landlord wants to rent to your yuppie ass, and you are willing to pay a ridiculous premium to live wherever it is that I live that didn't used to be cool but now is?
In any event, if the landlord bought after the rent control stuff went in, s/he knew that was a limitation just like s/he knew that building a factory there (or having a big ugly smelly dirt-belching factory go in across the street where several cute houses used to be, significantly lowering the desirability of the single-family house he now owns because, well, yuck) wasn't an option b/c of zoning. The owner is betting on renter turnover, just like he bets on future development in the area, etc.
If the landlord bought before RC, shouldn't s/he be dead by now? And you don't want to get me started on inheritance.
ETA society is bearing the cost, eventually. Obviously the entire economy affected by this, at least on a micro level (b/c the spending habits of the people who are there differ from those of the BMW-driving yuppie TINKs who would be there, and the landlord has less money than he might, and the renters have more money than they might, or whatever).
