Atlanta urges Legislature to allow return of rent control (Sandy Springs: apartment, rental)

[LynnHarris1]

Longtime Vine City resident Alma Lott has lost several neighbors. They had to move because they could no longer afford to live on the quiet south Atlanta street they’d called home for decades.

Speaking from a house she pays $1,000 each month to rent, Lott welcomed the news that the city is working to control rents that have spiraled higher in recent years. Lott said she wants to move, but it all comes back to the same problem: “There’s no (rent) stabilization in our community...”

https://www.ajc.com/news/local/atlan...KaaCP5WvNgG8K/

SOURCE: AJC

[Gulch]

Landlords in Sandy Springs, Brookhaven, Decatur, and North Druid Hills rejoice.

[Need4Camaro]

Not trying to be that guy but $1,000 a month is not alot of money for a rental house, even an apartment.

[toll_booth]

Rent control is an extreme solution. But I don't blame people for wanting it. Year after year there is less and less affordable housing, and one has to wonder whether the market can be trusted to provide the solution.

[ATLdeveloper]

[url]https://www.brookings.edu/research/what-does-economic-evidence-tell-us-about-the-effects-of-rent-control/?fbclid=IwAR2Hlf8iSoF3Rhah6gKVfkErdvJZMyUWEhrZ0XDj 2l7LNqbln5pETqNzls8[/url]

Good read

[da-planner]

Or maybe Atlanta needs to except it is now at the same level of DC of expensive Tier 1 metros? I mean you guys want this city to grow for the sake of its economy (which overly dependent on constant population growth and the development sector rather than sustaining and evolution like most other Tier 1 metros are moving towards). Maybe you should instead be pushing to legislators to create a level of wage and an area median income standard to base what the housing costs should be for those who would qualify for housing vouchers?

The out of whack cost of living with the over-zealously stagnant regional salaries in most career fields has ran away a lot of people particularly families in the past 5 years from Metro Atlanta. Myself included in that bunch because I want to afford home in a walkable, racially diverse, transit friendly area with plenty of black professionals and entrepreneurs that doesn't cost over a half a million dollars for a house that really is only worth $250K in real world market terms.

[Need4Camaro]

Originally Posted by da-planner

Or maybe Atlanta needs to except it is now at the same level of DC of expensive Tier 1 metros? I mean you guys want this city to grow for the sake of its economy (which overly dependent on constant population growth and the development sector rather than sustaining and evolution like most other Tier 1 metros are moving towards). Maybe you should instead be pushing to legislators to create a level of wage and an area median income standard to base what the housing costs should be for those who would qualify for housing vouchers?

The out of whack cost of living with the over-zealously stagnant regional salaries in most career fields has ran away a lot of people particularly families in the past 5 years from Metro Atlanta. Myself included in that bunch because I want to afford home in a walkable, racially diverse, transit friendly area with plenty of black professionals and entrepreneurs that doesn't cost over a half a million dollars for a house that really is only worth $250K in real world market terms.

Can I kindly ask where you'll find that anywhere in America?

[markjames68]

Originally Posted by Need4Camaro

Can I kindly ask where you'll find that anywhere in America?

And I’m assuming “racially diverse” doesn’t mean just black? In reality it should reflect many different ethnic groups and backgrounds.

[waronxmas]

Originally Posted by toll_booth

Rent control is an extreme solution. But I don't blame people for wanting it. Year after year there is less and less affordable housing, and one has to wonder whether the market can be trusted to provide the solution.

No, they (developers) cannot be trusted to come up with a solution on their own. Why would they? Their goal is to make money and not be charitable.

The only option is to force their hand with the collective will of the government.

[bellhead]

Originally Posted by markjames68

And I’m assuming “racially diverse” doesn’t mean just black? In reality it should reflect many different ethnic groups and backgrounds.

You have this in the northern suburbs which are very racially diverse. Congressional Districts 6 & 7. Especially 7 when you start breaking it down by race.

https://www.census.gov/mycd/?st=13&cd=07