Rent Control Backfiring? (Madera: apartment, to rent, condos)

[Des-Lab]

This has circumvention written all over it. No reason for this was stated in the article, but my money is on whoever owns this, refusing renewals as a precursor to substantially raising rents or perhaps converting to condos in order to get around Emperor Newoms recently passed edict.

Madera, of all places, is one of the most booming places in the entire Valley.

Expect to see a whole lot more of this in the months and years ahead.

This story has exploded on the local FB page, with the usual cast of actors kvetching about how "it's not fair", "greedy landlords", "woe is me", "why won't the city do anything", "housing is a human right", ad nauseum, ad infinitum.

Sorry. But housing may be a right. Demanding that someone else pay for it or rent it out at below market rates, however, is not.

Suck it up. Pay up. Pool up. Move out. Or drop dead. That's just how it goes.

[bad debt]

Originally Posted by Des-Lab

This has circumvention written all over it. No reason for this was stated in the article, but my money is on whoever owns this, refusing renewals as a precursor to substantially raising rents or perhaps converting to condos in order to get around Emperor Newoms recently passed edict.

Madera, of all places, is one of the most booming places in the entire Valley.

Expect to see a whole lot more of this in the months and years ahead.

This story has exploded on the local FB page, with the usual cast of actors kvetching about how "it's not fair", "greedy landlords", "woe is me", "why won't the city do anything", "housing is a human right", ad nauseum, ad infinitum.

Sorry. But housing may be a right. Demanding that someone else pay for it or rent it out at below market rates, however, is not.

Suck it up. Pay up. Pool up. Move out. Or drop dead. That's just how it goes.

Housing is not a right.

[Electrician4you]

Housing is not a right

[Tulemutt]

Originally Posted by bad debt

Housing is not a right.

Originally Posted by Electrician4you

Housing is not a right

And homelessness is not a crime.

But it is a condition society has to deal with.

One way to deal with it is to provide and/or regulate housing.

[Electrician4you]

Originally Posted by Tulemutt

And homelessness is not a crime.

But it is a condition society has to deal with.

One way to deal with it is to provide and/or regulate housing.

I never said homelessness is a crime.

[oceangaia]

If the state wants to decide what tenants get accepted, how much rent they pay, what they can do while living there, when they must leave, and every other detail of the landlord-tenant relationship then the state should start buying houses and be the landlord.

[Tulemutt]

Originally Posted by Electrician4you

I never said homelessness is a crime.

Didn’t say you did

Simply pointing out where unregulated business leads in a capitalist economy that models perpetual growth of population under finite conditions.

[Tulemutt]

Originally Posted by oceangaia

If the state wants to decide what tenants get accepted, how much rent they pay, what they can do while living there, when they must leave, and every other detail of the landlord-tenant relationship then the state should start buying houses and be the landlord.

The free market is a wonderful concept, ain’t it? Until it eats itself.

[Electrician4you]

Originally Posted by Tulemutt

Didn’t say you did

Simply pointing out where unregulated business leads in a capitalist economy that models perpetual growth of population under finite conditions.

Renting is most certainly regulated.

Originally Posted by Tulemutt

The free market is a wonderful concept, ain’t it? Until it eats itself.

No it’s a great concept because eventually the market levels itself. If I want 5,000 bucks a month and nobody willing to pay this price I either leave my place unrented and have no income or I have to drop the price until I find a tenant that is willing to pay. That sets the rate I can get for my place.

See....all these LL who are raising prices.....if they can’t find one tenant to rent their places they’re screwed. They gotta come up with the mortgage now.


Truthfully I don’t fall under this rent resolution as my properties are exempt. As far as rent raises I can raise them however much I want.

What I can tell you for a fact is every LL I know will be doing a yearly rent raise where before they didn’t.

[Tulemutt]

Originally Posted by Electrician4you

Renting is most certainly regulated.





No it’s a great concept because eventually the market levels itself. If I want 5,000 bucks a month and nobody willing to pay this price I either leave my place unrented and have no income or I have to drop the price until I find a tenant that is willing to pay. That sets the rate I can get for my place.


Truthfully I don’t fall under this rent resolution as my properties are exempt. As far as rent raises I can raise them however much I want.

What I can tell you is every LL I know will be doing a yearly rent raise where before they didn’t.

Yes, renting is regulated. That’s because it has to be to maintain a free society. “Discipline = freedom.”

The market “leveling” process often includes severe collateral casualties that end up burdening society anyway.