Newsom announces deal to Cap Rising Rent Prices (Martinez: condo, lenders)

[CaliRestoration]

Originally Posted by RMESMH

He wants to pat himself on the back and, eventually, be POTUS.

Has he not seen Kamala Harris' polling numbers?

California Democrats are only popular in California. Nationally they poll single digits all day everyday.

The last nationally revered California politician was Reagan, and he wasn't a Democrat.

[expatCA]

Originally Posted by CaliRestoration

Has he not seen Kamala Harris' polling numbers?

California Democrats are only popular in California. Nationally they poll single digits all day everyday.

The last nationally revered California politician was Reagan, and he wasn't a Democrat.

He was once upon a time.

[2sleepy]

Originally Posted by NewbieHere

Thanks to rent cap, my sister finally agreed to raise rent. And she will keep on raising the 5% plus inflation. The tenants got to thank Newsom.

So you are saying that she could have raised the rent and still attracted tenants but she just didn't? That makes no sense...either she's goofy or the story isn't true. Landlords raise rent as long as there are renters willing to pay what they are asking. My son rents a duplex in Martinez and for the past 4 years his rent has increased between 12 and 15% a year. During that same time his income increased 25%.

[expatCA]

Originally Posted by 2sleepy

So you are saying that she could have raised the rent and still attracted tenants but she just didn't? That makes no sense...either she's goofy or the story isn't true. Landlords raise rent as long as there are renters willing to pay what they are asking. My son rents a duplex in Martinez and for the past 4 years his rent has increased between 12 and 15% a year. During that same time his income increased 25%.

Some landlords do not raise the rent every year, but at a point when they need more to cover rising expenses. I have rented for periods of time with no rent increase. My daughter's rent increases about 3% a year.

[BB_210]

Originally Posted by 2sleepy

So you are saying that she could have raised the rent and still attracted tenants but she just didn't? That makes no sense...either she's goofy or the story isn't true. Landlords raise rent as long as there are renters willing to pay what they are asking. My son rents a duplex in Martinez and for the past 4 years his rent has increased between 12 and 15% a year. During that same time his income increased 25%.

This is very common when you're wanting to keep good tenants. Your anecdotal is one data point from millions.

[2sleepy]

Originally Posted by expatCA

Some landlords do not raise the rent every year, but at a point when they need more to cover rising expenses. I have rented for periods of time with no rent increase. My daughter's rent increases about 3% a year.

They sure raise them around here (Sac County) and where my son lives (SF bay area) It's not unusual here in Sac County for rents to go up 50% in one year, in some cases I think it's an effort to just get people to move out so that the property owner can convert the property to condos - I saw that happen in Reno too, once the rental market got heated more and more apartments were converted to condos, I guess that's where the money is?

[2sleepy]

Originally Posted by max210

This is very common when you're wanting to keep good tenants. Your anecdotal is one data point from millions.

oh God... My son is a good tenant, he's single and keeps to himself. He doesn't have parties or smoke. Yes it's anecdotal because at times that's the only way to describe a situation in terms that people can relate to it. However, if you disagree with pretty much everything that I post, why do you continue to read my posts?

[expatCA]

Originally Posted by 2sleepy

They sure raise them around here (Sac County) and where my son lives (SF bay area) It's not unusual here in Sac County for rents to go up 50% in one year, in some cases I think it's an effort to just get people to move out so that the property owner can convert the property to condos - I saw that happen in Reno too, once the rental market got heated more and more apartments were converted to condos, I guess that's where the money is?

Probably the reason, unless the rent has not been raised in years and either a new owner or finances call for it. Landlords usually do not want to loose tenants unless some major problem exists.

[BB_210]

Originally Posted by 2sleepy

oh God... My son is a good tenant, he's single and keeps to himself. He doesn't have parties or smoke. Yes it's anecdotal because at times that's the only way to describe a situation in terms that people can relate to it. However, if you disagree with pretty much everything that I post, why do you continue to read my posts?

Do I have to agree in order to respond to your post?

[2sleepy]

Originally Posted by max210

Do I have to agree in order to respond to your post?

Absolutely not but I would expect that you could tell when a person was using an example to illustrate a situation as opposed to making a statistical argument. If you are going to hold every anecdotal statement offered is irrelevant you will have a full time job scolding people in these forums.