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L.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sell
(www.latimes.com)
So, win-win. Got it.
this post was submitted on 09 Jun 2024
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"Landlords say that would push them to sell."
So, you're saying it would increase available housing supply? Sounds great.
Oh, and for the record, they will not, in fact, sell. Most housing in Ontario is still under a 2% annual rent increase limit. Landlords are doing just fine (and by "Just fine" I of course mean "We have a national housing crisis because landlords are hoarding all the available supply")
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(1 replies)
"what do you mean a vampire shouldn't suck so much blood? might as well put a stake through my unbeating heart!"
sounds like a win-win
Oh no.... they'd have to sell >.>
"Push them to sell" ... "to larger corporations that have bigger financial reserves and plans to keep swaths of housing off the market in a monopolistic practice to keep supply low and rent always growing at 3%"
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(1 replies)
Please do this, we need more houses on the market
Oh yes I think selling a great idea!