Comment by MOARDONGZPLZ
Comment by MOARDONGZPLZ 4 days ago
Of course it does. Many houses remain empty because PE firms buy them and hold out for rents locals cannot afford.
Comment by MOARDONGZPLZ 4 days ago
Of course it does. Many houses remain empty because PE firms buy them and hold out for rents locals cannot afford.
Rent control plays a role in that.
If rents are not allowed to rise, the landlord risks locking in a low rent for the indeterminate future. It's a better play to leave it vacant until the rents rise.
Rent control is simply a disaster.