So yet another thing -- along with Prop. 13 and the cost of housing, which is partly the result of Prop. 13 -- that helps people who are already here, at the expense of newcomers. I suppose you could argue that that's appropriate, but it seems short-sighted to me. I'd rather see us build a lot more housing.
California Approves Statewide Rent Control
691–700 of 1001 posts
Re: California Approves Statewide Rent Control
#692Earlier quoted context omitted.
The supply problem has nothing to do with rent control.
Rent control = less profit for building properties = less supply.
Lets be clear, the reason there is less supply is not rent control.
It's regulations and NYMBYs that prevents any new building with higher occupancy.
Re: California Approves Statewide Rent Control
#693Earlier quoted context omitted.
Why should I care about the woes of landlords as opposed to renters?
Because landlords start being unable to afford repairs, and you get a bunch of decrepit buildings falling apart all over the city (with all the dangers that implies, not just to occupants, but to nearby buildings as well). It happened in my home town, and it wasn't pretty. Landlords are not social security. It's probably better for the city to forcefully buy them out and create a new management model of the buildings…
Rents are growing insanely fast in SF compare to anything else. The idea that landlords can't afford to make repairs because they aren't extracting maximum rent from the property is completely ludicrous on the face of it. Do you actually believe these arguments?
Re: California Approves Statewide Rent Control
#694I 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…
Yes, the real solution is to make life as easy as possible for real estate developers and strip tenants of their rights. That is definitely good for tenants, according to landlords such as yourself. For the rest of us, I hope you understand why this sounds fairly nonsensical. "More housing" does not automatically translate to "affordable housing" and many regulations are there for a reason--including regulations protecting tenants from unscrupulous landlords.
Re: California Approves Statewide Rent Control
#695Re: California Approves Statewide Rent Control
#696Earlier quoted context omitted.
Landlords who choose to increase rents at the maximum rate permitted each year do so at the risk that they will be undercut by competing property owners who do not do so. Given this, I think that your property management company is offering you bad advice. Most landlords already increase rents at the maximum rate that the market will bear. Capping annual increases at 7% just ensures that in a year when the market wou…
>Landlords who choose to increase rents at the maximum rate permitted each year do so at the risk that they will be undercut by competing property owners who do not do so. Price ceilings (even non-binding ones) can create market power for suppliers by providing a focal point for tacit collusion. [0] Knittel and Stango (2003), Price Ceilings as Focal Points for Tacit Collusion: Evidence from Credit Cards https://pdfs.…
Fascinating. Makes sense from a game theory perspective.
Re: California Approves Statewide Rent Control
#697Earlier quoted context omitted.
> 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.
It's not wishing anything. People ARE ALREADY struggling to afford rent in Sydney and other large cities. They have been getting bigger and bigger in the past decade yet the problem only gets worse (like building highways to solve traffic congestion).
The solution is to make other places attractive for living and have hood opportunities for employment.
Look at it this way: your house or apartment or whatever can probably fit double the people in it. They might be on the floor or on the sofa or whatever, we can double the density. The quality of life will be decreased for everybody.
At what point do we say "It's full, go somewhere else."
Re: California Approves Statewide Rent Control
#698Earlier quoted context omitted.
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?
Because landlords supply housing and renters don't.
Re: California Approves Statewide Rent Control
#699Earlier quoted context omitted.
Maybe, but construction may not even be necessary. Shipping containers can now be easily retrofitted into stylish apartments. They can easily be stacked eight stories tall. 95% of the work can be done in overseas factories and is subject to the same globally competitive downward price pressure as every other manufactured good. Build them in Shenzen at a wholesale cost of $30,000 per pod, ship them to San Franciso for…
Who the fuck wants to live in a shipping container?
The kind of people who move to San Francisco from new york or connecticut, or wherever, to get rich then immediately start complaining that San Francisco isn't like wherever it is they immigrated from.
Re: California Approves Statewide Rent Control
#700Earlier quoted context omitted.
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?
Why should I care about the woes of you opposed to me? Why should I care about the woes of the poor opposed to the rich?