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Old 09-26-2016, 09:14 PM
 
5,913 posts, read 3,185,345 times
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I think part of the problem may be the "rent control" rules. Landlords cannot pass on capital improvements to tenants so they don't make any capital improvements. Hence, buildings fall apart. I'm being simplistic here and there is more to this but I do firmly believe this is a big problem. Also, they have a transitional tenant turnover with a large student population.
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Old 09-26-2016, 09:24 PM
 
Location: Oakland, CA
28,226 posts, read 36,871,835 times
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Originally Posted by Oakformonday View Post
I think part of the problem may be the "rent control" rules. Landlords cannot pass on capital improvements to tenants so they don't make any capital improvements. Hence, buildings fall apart. I'm being simplistic here and there is more to this but I do firmly believe this is a big problem. Also, they have a transitional tenant turnover with a large student population.
More like: since Berkeley has a super transient population of students, and a built in market, no need to make improvements. South side apartments, where most students live, really suck and there are not long term tenants.
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Old 09-27-2016, 02:29 AM
 
24,407 posts, read 26,951,108 times
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Originally Posted by Oakformonday View Post
I think part of the problem may be the "rent control" rules. Landlords cannot pass on capital improvements to tenants so they don't make any capital improvements. Hence, buildings fall apart. I'm being simplistic here and there is more to this but I do firmly believe this is a big problem. Also, they have a transitional tenant turnover with a large student population.
I agree with you
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