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US Politics 5d
Freezing rent is great but we need to find a way to hold accountable the people/groups (like Wells Fargo) who are buying up multiple properties in an area & raising rent in the whole area. And not punish landlords who only own a couple properties
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Anonymous 5d

It’s really not all that great bc it incentives landlords to jack up rent as high as possible to cover losses from not being able to match the market in their other units, neglect tenants needs and have shit accommodations to make people want to move out so they can raise rent, and discourages downsizing to match needs (old couple living alone in a 3 bedroom that could go to a family bc their 3br at 2012 rate is cheaper than a 1br now)

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Anonymous 5d

I think we should hold them accountable AND punish landlords. Fuck em

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Anonymous replying to -> #1 5d

So you’re right. The actual solution is to crack down on property conglomerates that fuck everything over. Not get involved with the rent ordinances (bc they literally price everyone out EXCEPT THE CONGLOMERATES)

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Anonymous replying to -> #1 5d

“Losses” lmao. The overhead of running a building which is mostly cleaned, occupied, and maintained by the people that live there are absurdly low. Ask any landlord what their profit margins are, it’s not like they have to pay rent

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Anonymous replying to -> #2 5d

I fucking hate modern Apple spell check and their stupid fucking “grammar corrections” I fucking hate it here. Anyway, I don’t know landlords that aren’t just old man who’s renting their house after wife died and moved in with kids or 30 year old renting their condo after they moved in with their partner. So they don’t make any profit. Costs them more to go out and fix everything for the tenant and mortgage than they make in rent. Are there even individuals who own whole aprt buildings anymore

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