To: Olog-hai
From reading what some of the rents are in the article, I’d say they are very low. I realize people need affordable housing, but landlords also need to make some money. I doubt many other cities have rent control like NYC. I could be wrong, but I don’t think so.
5 posted on
01/04/2015 11:51:53 AM PST by
leapfrog0202
("the American presidency is not supposed to be a journey of personal discovery" Sarah Palin)
To: leapfrog0202
Why not stop rent control, and section 8 and let rents find their own equilibrium.
11 posted on
01/04/2015 12:05:32 PM PST by
Ouderkirk
(To the left, everything must evidence that this or that strand of leftist theory is true)
To: leapfrog0202
Not many do ... I think Boston does, Califonia has a number of cities with rent control. Oh, just went looking, and
this website lists the cities.
27 posted on
01/04/2015 12:48:33 PM PST by
Cboldt
To: leapfrog0202
If the rent isn't fully covering taxes, insurance and maintenance, then it is too low. If it is a multi-unit dwelling, the rent should also cover the pro-rated portion of mortgage principal and interest. If the property doesn't pull its own weight financially, it is time to divest and do something more reasonable with the monetary investment.
32 posted on
01/04/2015 2:44:57 PM PST by
Myrddin
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