Steeplerot
Lifer
- Mar 29, 2004
- 13,051
- 6
- 81
Rent Control:
Say you live in a area with a finite amount of land. TX is not a godo example think of a island. Just becasue the landlord CAN get super high rent this year becasue everyone wants to move there doesen't mean he should. People move in and out of cities, some even are in "fashion" for awhile. (Dot com boom in San Francisco is a good example.
Toss out the tenants who have been there 20 year in their home and the neighborhood goes to sh1t fast. Everybody loses and the landlord loses in the long run even though he did make a short term killing in jacking up tenants rent.
Another example of how capitalism needs SOME safeguards to protect long term interests. (And peoples neighborhoods!)
Rent control does scale every year here.
The landlord can ask to up rent based on inflation and a few other things. But it does tend to favor long term tenants having lower then market rents.
That is a good thing for familys IMO.
who would want to raise a family having to move to a crappier neighborhood every year to afford rent.
As far as the 1/10 rent stuff.
The only people that pay a pittance of market value rent is someone who has had their place for 20+ years.
That is their home. people in cities do not "buy" land and build a house. Comparing a area with that much space is obviously foolish. A regular sized town is urban sprawl anyhow. no need for rent controls.
Once a city fills out the landmass available this is the way it is.
Besides people moving in and out of apartments with market fluctuations is hard on a house.
The landlord has more hassles with new tenants and maintance costs in the end besides lack of a sense of community in the area.
-Coming from someone who currently is under a rent-contolled lease and would not even think of renting from a landlord without control here. you'd have to be crazy or just visiting.
Say you live in a area with a finite amount of land. TX is not a godo example think of a island. Just becasue the landlord CAN get super high rent this year becasue everyone wants to move there doesen't mean he should. People move in and out of cities, some even are in "fashion" for awhile. (Dot com boom in San Francisco is a good example.
Toss out the tenants who have been there 20 year in their home and the neighborhood goes to sh1t fast. Everybody loses and the landlord loses in the long run even though he did make a short term killing in jacking up tenants rent.
Another example of how capitalism needs SOME safeguards to protect long term interests. (And peoples neighborhoods!)
Rent control does scale every year here.
The landlord can ask to up rent based on inflation and a few other things. But it does tend to favor long term tenants having lower then market rents.
That is a good thing for familys IMO.
who would want to raise a family having to move to a crappier neighborhood every year to afford rent.
As far as the 1/10 rent stuff.
The only people that pay a pittance of market value rent is someone who has had their place for 20+ years.
That is their home. people in cities do not "buy" land and build a house. Comparing a area with that much space is obviously foolish. A regular sized town is urban sprawl anyhow. no need for rent controls.
Once a city fills out the landmass available this is the way it is.
Besides people moving in and out of apartments with market fluctuations is hard on a house.
The landlord has more hassles with new tenants and maintance costs in the end besides lack of a sense of community in the area.
-Coming from someone who currently is under a rent-contolled lease and would not even think of renting from a landlord without control here. you'd have to be crazy or just visiting.