And just like that rentals are converted to condos when people move out.
“And just like that rentals are converted to condos when people move out.”
When the Americans With Disabilities Act became law the number of jobs available to people with disabilities plummeted. Likewise, government provided lawyers for minorities so they can sue employers led to a reduction in hiring of minorities. It was so bad that our contracts with the military began to specify we had to have a quota of minorities to qualify for award fees. Not only that, but they had to be “highly compensated” minorities. Turns out the Asians didn’t count. It had to be blacks. There are lots of Asians with advanced degrees and darned few blacks with advanced degrees who are also worth the degree they hold. (They do exist. They’re just rare.)
Every new vote-buying right and privilege results in a reaction. So, expect the number of rentals to decline. What they’re trying to do is stop owners from selling their property. I truly wish I’d sold all of my rentals when the market was good. Hindsight.