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...the glorious market distortions brought about by clueless do-gooders that enact "rent control".
The sad fact is that if the landlord would have simply raised the rent they undoubted would never have resorted to cutting up THEIR OWN BUILDING in an effort to get new tenants.
Obviously this story is about as extreme a case you can find but many landlords stuck with rent-control tenants that cling to an artificially low price force the llanlord to forego maintenance and let habitability decline in effort to turn the place over...
Criminal acts are never excusable but the clueless do-gooders of SF really need to understand some of the unintended consequences of attempting to short circuit the rental market.
But, I do agree that the system is bad for private landlords as well as their tenants. It's just begging for abuse of the tenant, and is unfair in a market-based system/economy for the landlord.
I think rent control should just be for govt owned bldgs.
Received a lot of coverage in the Bay Area media...
I've never bought in a rent control area... didn't matter because the city enacted rent control after the fact.
Being a Landlord today is way more complex than it was even 25 years ago in my part of California... 1 page rental agreements are now 27 pages to cover all the the items that must be disclosed/included.
Many technical things for a naive landlord to get wrapped up in...
A few years ago there was a movie about the tenants from Hell in the same city...
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