Just great news. Landlords would also raise rents to kick people out they didn't like. Then reduce the rent back with the new tenants.
California Approves Statewide Rent Control
641–650 of 1001 posts
Re: California Approves Statewide Rent Control
#642Hello, 11 month leases!
“Notwithstanding any other law, an after a tenant has continuously and lawfully occupied a residential real property for 12 months, the owner of the residential real property, in which the tenant has occupied the residential real property for 12 months or more, with or without a written lease, property shall not terminate the lease tenancy without just cause”
Re: California Approves Statewide Rent Control
#643Earlier quoted context omitted.
SF calls them ADUs(auxiliary dwelling units) and incentivized people to build them. A lot of people don’t want to because once you’ve rented it out, the tenant can never be kicked out unless they break the law. Do you want to sign up for someone living in your backyard for the next 20 years?
Well then they didn’t really incentivize people to build them! An ADU should be like renting a room in your house. Exempt from fair housing laws, and at worst a non-guaranteed lease renewal, if not a simple 30 day notice.
But the point of fair housing laws is to protect tenants. If everyone's building these and renting them with no fair housing protections, you've effectively just abolished fair housing laws without actually repealing them.
To me it feels like the sensible thing to do here is to either actually abolish the fair housing laws if tenants don't really need those protections, or have them apply to these new constructions as well since tenants do need them.
A stance in the middle makes no sense considering the intention of these laws.
Re: California Approves Statewide Rent Control
#644I am a landlord in Oregon, but not California. The curious, although ultimately predictable, outcome of the new rent control measure in Oregon is that while I have historically had an arrangement with my property management to be restrained in annual rent increases, they are now advising a default annual increase of the maximum allowed (7 percent before inflation). This is because larger adjustments cannot be made if…
> The real solution to a housing problem is to incentivize and facilitate the building of more housing. This argument comes up here in Australia with regards to Sydney and Melbourne in particular -- the two largest cities. Building more houses only makes more sprawl. Increasing density causes problems for current residents and puts enormous strain on existing infrastructure[1]. The only real solution is to get people…
That’s not a real solution, that’s just wishing the problem would go away on its own. What you are advocating for here is that prices should be more expensive due to limited supply, so that people are forced away due to inability to afford living there.
Re: California Approves Statewide Rent Control
#645Earlier quoted context omitted.
Ruthless capitalism and fundamental human needs do not mix well. I dunno. I don't have much trouble finding reasonably priced, nutritious, and tasty food (cooked or as ingredients) anywhere I've visited in the world. Yet food is governed by ruthless capitalism, no? Surely we wouldn't argue that farm subsidies are all that's standing in the way between people getting a decent meal and chaos? What about...petroleum? Li…
Neither food nor oil actually make your point, since both are heavily subsidized by the US government.
But surely they're not subsidized for the entire world by the US government?
Re: California Approves Statewide Rent Control
#646Earlier quoted context omitted.
I'm not a landlord or homeowner, and 1 makes me cry Big Government. What if something crazy happens to the economy, say the dollar gets devalued, and all you have is rental property for income? Realistically you would raise your rental price.... But wait, there's a cap, and you can't. 2) "legalizing backyard cottages" is actually against Big Government, and I'm with you there. You're forgetting another option: deregu…
Deregulate doesn't work when people won't sell. What do you do when highly wealthy people buy property and then never sell? You can't simply slash all of the regulations because regulations aren't the reason why they're not selling. In fact, they're not selling because of market dynamics. Their property is becoming more valuable over time because no one else is selling, which means any property that does sell does so…
> What do you do when highly wealthy people buy property and then never sell?
Tax them. Inefficient use of land is a good sign that the property tax is too low. If the government charged a property tax rate that roughly matched the property value increase, there would be no gain just by sitting on the property. You'd have to put the land to productive use to actually make a profit.
Re: California Approves Statewide Rent Control
#647What has changed in the new state laws?
Re: California Approves Statewide Rent Control
#648Earlier quoted context omitted.
The rent control laws in SF aren’t even as bad as HN comments would have you believe. Rent control doesn’t apply to new construction in SF. It also allows a regulated annual increase, and rent automatically jumps back up to market upon a number of different conditions - not the least of which is that the owner can push you out to renovate the building! HN commenters are usually just repeating stuff they heard somewhe…
Rent control in SF really is that bad. Rent increase limits are 60% of CPI, so it can’t even match inflation. If your costs go up (utilities) or you want to do capital improvements, good luck getting the rent board to approve a pass through. Want to prevent other people than the tenant from moving into a 1 bedroom? Tough, can’t say no to that, it just has to be under 3 people. Want to move into your own house? Sure,…
Why should I care about the woes of landlords as opposed to renters?
Re: California Approves Statewide Rent Control
#649Earlier quoted context omitted.
Preventing renters from living in high density housing will make the number of people on the planet go down?
SF isn't uniquely expensive. Every city with opportunity has a huge premium. It's all for the same reasons. I'm not sure if I wish they'd go away. If housing were more affordable, we could easily have 10B people on the planet right now. Most people truly want to have families. They want homes to raise those families. People can't go own reproducing forever. Could we have had 2% population increase over the last 30 ye…
I suppose if people suffer less and love more, they reproduce more. I believe the world can sustain many times more people than it currently does, but only if we spread out. Cities are not good places for people who can't sustain it.
Re: California Approves Statewide Rent Control
#650Earlier quoted context omitted.
I'm a renter in Oregon and I've been outspoken about this long before the laws were passed. From my experience, people who support heavy laws, regulations and taxes don't spend enough time considering potential side effects. They feel like with enough support, they can just force anything they want to happen, while completely disregarding the market. You know I was neutral on this stuff, studied economics and some bu…
Why?
Because of the problem described in this story and discussed in this thread, among other things. I feel like that would be the obvious inference to draw.