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California

PBC_Democrat

(401 posts)

3. The large apartment complex owners are the ones with the capital

Reply to Merlot (Reply #2)

Thu May 30, 2019, 11:23 PM

May 2019

... and the option to build something OTHER than new living spaces.

As soon as you remove the profit motivation - they'll look at other options.

When a parking lot or a strip mall becomes a better option -- apartments drop off the list hurting the very people the law is intended to help.

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Highlight:

California Assembly passes rent-cap bill [View all] TexasTowelie May 2019 OP

I find it insane that anyone thinks this is a good idea ... PBC_Democrat May 2019 #1

It should only apply to large appartment complexes Merlot May 2019 #2

The large apartment complex owners are the ones with the capital PBC_Democrat May 2019 #3

To be clear, I'm not for this rent control at all Merlot May 2019 #4

Your link is to an org by and for rental property "leaders" displacedtexan Jun 2019 #5