> Rent control is not in the landlord's business... Seattle... Landlords going out of business...
And you immediately demonstrate why having a conversation with you on this subject is pointless.
There's a million different dimensions in which the problem that I've pointed at manifests. But what you do is you cherry-pick one particular dimension of it in one particular municipality in one particular time period[1], claim that that dimension is (allegedly) biased in the other direction, and thus you reach the universal conclusion that clearly landlords are the real victims[2], and you can just sweep the entire issue off the table.
I don't have enough words to describe how incurious and chock-full-of-fallacies this kind of thinking is.
You already know everything that you feel you need to, and there's nothing more that needs to be said. It's like you have found the number 2, and conclude that therefore, most numbers are even primes.
---
[1] Actually, you don't do even that. You just vaguely wave your hands in its direction.
[2] Kind of weird that the market values their real estate to be worth twice what it was a decade ago if they are getting such a raw deal. I'm sure PE is snapping up rental properties because they are money-losing investments, too. After all, serious people who have done the math and are putting billions of dollars into this (and are reaping profits on their investments hand-over-fist) must all be too stupid to understand just how awful renting out property is.
> And you immediately demonstrate why having a conversation with you on this subject is pointless.
That's because my positions are correct.
BTW, rent control in 9 states is statewide, and is commonplace in cities.
Google [does seattle provide free lawyers for tenants?] for more examples.
For more,
In California, over 35 cities and counties have implemented long-term rent control ordinances for residential rental housing. In addition, since Jan. 1, 2020, the California Tenant Protection Act has extended rent caps and eviction restrictions to many properties not governed by local ordinances.
Google also reports:
Tens of thousands of NYC rent-stabilized apartments are vacant, with estimates varying from around 26,000 to over 60,000, often described as "warehoused," because strict rent caps (especially after 2019 laws) make costly renovations financially unviable for landlords, leading to units sitting empty rather than being rented or sold. While some vacancies are for legitimate repairs, many are held off-market as owners await the ability to renovate and raise rents, contributing to the city's housing shortage, say housing advocates and reports.
And yet, investors and landlords are scooping up every rental property they can, and are as a class, making mountains of money in those states.
It's wild that as a whole they are so advantaged that they are still net-in the green when they let properties sit empty and unused.
It's just as wild that you continue digging deeper. Reality in the big picture isn't compatible with your 'correct' viewpoint, so you keep drilling down to microdetails.
And you immediately demonstrate why having a conversation with you on this subject is pointless.
There's a million different dimensions in which the problem that I've pointed at manifests. But what you do is you cherry-pick one particular dimension of it in one particular municipality in one particular time period[1], claim that that dimension is (allegedly) biased in the other direction, and thus you reach the universal conclusion that clearly landlords are the real victims[2], and you can just sweep the entire issue off the table.
I don't have enough words to describe how incurious and chock-full-of-fallacies this kind of thinking is.
You already know everything that you feel you need to, and there's nothing more that needs to be said. It's like you have found the number 2, and conclude that therefore, most numbers are even primes.
---
[1] Actually, you don't do even that. You just vaguely wave your hands in its direction.
[2] Kind of weird that the market values their real estate to be worth twice what it was a decade ago if they are getting such a raw deal. I'm sure PE is snapping up rental properties because they are money-losing investments, too. After all, serious people who have done the math and are putting billions of dollars into this (and are reaping profits on their investments hand-over-fist) must all be too stupid to understand just how awful renting out property is.