@wanyeburkett Housing isn’t an investment in Japan. They literally replace units every 30 years or so, because they allow much more building than we do.
For remaining apartments, landlords will compensate for “tenant protections” by refusing to rent to anyone who is at all a credit risk. So good luck finding an apartment if you have bad credit, lack savings or are unemployed! @cmkshama sends her regards, xoxo.
Rents will rise when the city forces landlords to sell us not only (a) our monthly tenancy but also that tenancy bundled with (b) the ability to basically pay rent whenever. Why? Renters will be able to pay more in rent just as available rentals attrite and consolidate.
The late-fee cap is tragic, not only because it screws over landlords, but really because it shows that, if tenants weren’t complete morons, we could have force led the city to upzone a long time ago
@Jrock08 The only way to sustainably rebalance the scales to tenants is to allow more housing providers to enter the rental market. Everything else is bullshit
I’m tempted to say the @cmkshama is nefariously trying to impoverish her renter constituents, because of my bias to see agency everywhere, but sadly no the left is just stupid, in that they have no concept of fitting means to ends
@benmaritz@heidigroover@_SarahGTaylor Another prompt for small landlords to raise their First-in-Time criteria even higher and nudge rents up more to cover the new risks of squishy payment timelines for ALL renters (not just low income). Or ... sell or repurpose their property away from residential rental use.