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Old 04-24-2018, 08:49 AM
 
Location: Sylmar, a part of Los Angeles
4,703 posts, read 2,970,866 times
Reputation: 10218

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Stupid mayor and city council is set to approve rent control. If rental property owners cant make any money or even lose money their going to get out of the business. The laws are already skewed in favor of the renter, Democrats hate business and see them as out to screw everybody.
Owners will convert apartment to condos and builders won't build new apartments if it's a losing proposition.
Homeless will increase.
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Old 04-25-2018, 05:38 AM
 
Location: Downtown Phoenix, AZ
20,925 posts, read 8,044,944 times
Reputation: 6556
Quote:
Originally Posted by V8 Vega View Post
Stupid mayor and city council is set to approve rent control. If rental property owners cant make any money or even lose money their going to get out of the business. The laws are already skewed in favor of the renter, Democrats hate business and see them as out to screw everybody.
Owners will convert apartment to condos and builders won't build new apartments if it's a losing proposition.
Homeless will increase.
I thought that LA city already had rent control
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Old 04-25-2018, 05:56 AM
 
Location: Memphis, Tn ~ U.S.A.
2,008 posts, read 4,361,203 times
Reputation: 1421
They are trying to make sure their illegal gardner has a home on your dime
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Old 04-25-2018, 05:58 AM
 
Location: Memphis, Tn ~ U.S.A.
2,008 posts, read 4,361,203 times
Reputation: 1421
Apartments and rental houses are going to get harder to find.-img_20180331_064922_hdr.jpg

Saw this at donut derilicts. Should make you feel better

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Old 04-25-2018, 06:03 AM
 
18,182 posts, read 11,721,943 times
Reputation: 9179
Quote:
Originally Posted by (901) View Post
Attachment 197523

Saw this at donut derilicts. Should make you feel better

That may "Supercharge" his response.
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Old 04-25-2018, 09:45 AM
 
4,266 posts, read 9,025,660 times
Reputation: 3262
Quote:
Originally Posted by FirebirdCamaro1220 View Post
I thought that LA city already had rent control
Super limited.

Quote:
If you rent in the City of Los Angeles, your rental unit may be subject to the City's Rent Stabilization Ordinance (RSO) if the property was built on or before October 1, 1978. Newly constructed units that replaced demolished RSO rental units may also be covered under the RSO.
Is My Rental Unit Subject to the Rent Stabilization Ordinance? | HCIDLA
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Old 04-25-2018, 11:54 AM
 
Location: Los Angeles (Native)
25,306 posts, read 16,511,320 times
Reputation: 12191
Tenants rights groups have apparently gathered over 500,000 signatures.

This would basically make every property under rent control it sounds like, while today it's limited to multifamily buildings built prior to 1978 (October I believe)..

This won't be a good thing.

His reason to support this is ridiculous. This is bs as it's public record when a building was built. Renting in a rent control building is not "like winning the lotto". There are plenty of buildings in L.A built before 1978.

He's basically saying renters are too stupid to know if a building is built 1978 or prior. It takes literally a few minutes . Or they can ask the property manager if it's covered under rent control.

Also no doubt, it'll make it less attractive to build new buildings in L.A as they'll all be covered under rent control.

Beverly Kenworthy of the California Apartment Assn. said that imposing limits on rents in newly built apartments would make it much harder for residential projects to pencil out financially, undermining Garcetti's goal of approving 100,000 new units by 2021.


"The mayor would essentially be sabotaging his own housing goals," said Kenworthy, vice president of the association's Los Angeles office. Even his remarks, she said, could have a chilling effect among developers eyeing the city.





It sounds like it would apply to single family homes too. Which would likely mean people would be more likely to sell their homes versus rent them out. Who wants a rent control tenant in their home forever that they can't get rid of ?


""It's like winning the lottery," Garcetti said. "If you happen to find a place, and it was built from 1978 or before, you can expect — even though you might have high rents today — that [the rent] won't go up by double digits. If you're not lucky to win that lottery and it's something built in 1979, you do face zero protections."

Garcetti says he would consider expanding rent control in L.A.
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Old 04-25-2018, 12:50 PM
 
5,566 posts, read 3,156,608 times
Reputation: 5453
Quote:
Originally Posted by V8 Vega View Post
Stupid mayor and city council is set to approve rent control. If rental property owners cant make any money or even lose money their going to get out of the business. The laws are already skewed in favor of the renter, Democrats hate business and see them as out to screw everybody.
Owners will convert apartment to condos and builders won't build new apartments if it's a losing proposition.
Homeless will increase.
Don't worry, the government will step in and build "government made apartments".

Though I'm sure those have another "name", and I'm sure will be crime free and great places to live.
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Old 04-25-2018, 01:33 PM
 
Location: The Big Apple and Shytown and Miami and Dallas and Milwalkie and St Paul-Mineopolis n DCMV n WestBay
1,290 posts, read 1,624,153 times
Reputation: 1520
It is just going to be put on the ballot in November. It is up to the LA city voters. Democracy. If you dont like it then vote against it, simple as that.
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Old 04-25-2018, 01:56 PM
 
Location: Los Angeles (Native)
25,306 posts, read 16,511,320 times
Reputation: 12191
Quote:
Originally Posted by saybanana View Post
It is just going to be put on the ballot in November. It is up to the LA city voters. Democracy. If you dont like it then vote against it, simple as that.
Having that much control over private property would be socialism though .

This is what self identified Socialists are begging for and demanding .

This is what they do in socialist countries .

https://www.socialistalternative.org/tag/rent-control/
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