Comments on: Correcting the Record on Rent Control

By: Rent Control Toolkit – Real Estate Diann

Rent Control Toolkit – Real Estate Diann — Sun, 16 Jun 2024 05:06:21 +0000

[…] White House Announcement on Housing (Feb ’24) The Battle Against Rent Control (Aug ’23) Correcting the Record on Rent Control (Jul […]

By: Rental Housing Resources: Rent Control – THE FINANCIAL EYE

Rental Housing Resources: Rent Control – THE FINANCIAL EYE — Fri, 14 Jun 2024 15:28:32 +0000

[…] NewsroomWhite House Announcement on Housing (Feb ’24)The Battle Against Rent Control (Aug ’23)Correcting the Record on Rent Control (Jul […]

By: Susan

Susan — Tue, 15 Aug 2023 23:19:12 +0000

I so appreciate reading these responses on both sides of the fence. Mine is a question…I read we let corporate, wall street, foreign (who knows who they are!) investors buy whole neighborhoods for more than the going home sale rate and that these homes are rentals and that they drove the rental rates up. I heard that there is no way for normal home buyers to compete with them. Can we outlaw corporations from buying residences? Can we make them sell back those houses to individual Americans at no more than 10% of what they paid for the house? maybe “nationalize” the homes? And my last 2 questions for now, can stock brokers/foreign investor “landlords” avoid local income taxes? And if so, does this limit income taxes that pay for police and firefighters? Appreciate any insight. Thank you! Susan

By: Jeannie Llewellyn

Jeannie Llewellyn — Fri, 28 Jul 2023 05:10:30 +0000

In reply to Lisa. Hmm, seems like SSI isn't keeping up with the CPI or COLA. That's really where the problem lies, not from landlords having to increase rents as utilites, taxes, supplies and repairs have increased by almost 20% in the past three years, and the lack of rental payments due to eviction moratoriums certainly hasn't helped landlords. Limiting reasonable rent increases means a property will be kept up. Homes don't repair themselves (I wish!), nor do banks allow non-payment of mortgages. Even free and clear properties don't live on air alone.

By: Jamie Mahoney

Jamie Mahoney — Sat, 22 Jul 2023 16:20:13 +0000

In reply to Natalie. Agreed! We need rent control in Florida. It is absurd. Corporate greed at it’s best ! Not everyone has the dow payment to own or verifiable income/ credit score etc., yet we are payong more in rent than some pay for a whole house!

By: Sonja Thompson

Sonja Thompson — Thu, 20 Jul 2023 10:55:34 +0000

In reply to Ben Indiviglia. I agree with you 100%

By: Michael Briant

Michael Briant — Fri, 14 Jul 2023 21:35:02 +0000

In reply to Renter. I agree. This article is just a call to arms for landlords. I am in south Florida where rents are out of control. Many senior citizens are becoming homeless and many people are moving to Alabama, Tennessee & West Virginia. Wages are very low here & people are living in their cars, in sheds, storage units & friends' garages and these people are working full time jobs.

By: Don Truett

Don Truett — Fri, 14 Jul 2023 14:39:38 +0000

I don’t believe in rent control, once our government gets involved controlling anything the more screwed up it becomes. I believe in letting people dictate what they’ll pay. I’m seeing rent prices reducing to satisfy the customer. Creating rent control will cause less inventory of residential rental properties, property owners will search and find other avenues to use the property for, to generate the best income possible.

By: Natalie

Natalie — Thu, 13 Jul 2023 00:02:59 +0000

I am a Realtor in Sacramento, CA, and I DISCUSSED with the Segregated Housing Market. Young families can not afford an entry-level home at the High $400-$550K. Seriously how is that attractive? 5% down on a $550K, then PITI $4031+- per month is a recipe for disaster if that family doesn’t have 6-12 months of house payments saved to cover the mortgage in place of a family emergency. The housing for that family is in jeopardy—NO THANK YOU FOR OVER-INFLATED Building PERMIT FEES and HOME PRICES in CA. Taxifornia is no longer a friendly state to live in.

By: Natalie

Natalie — Wed, 12 Jul 2023 23:39:45 +0000

In reply to Lisa. I agree Lisa; rent increases from landlords are a sham for renters. I am for 100% rent control. I am a realtor in Sacramento, CA, plus I work another job the sad situation is I have been a renter for nine years. DUE to the Artificially Inflated Market in this area Created By the Deep Pockets of buyers from the Bar Area, many LOCAL Sacramento families are pushed out of the purchase market. Disappointed with the property I lived in and threatened by owners, I tried to buy the duplex, which resulted in a NO Win. Property owners owned free & clear and wanted beyond a reasonable amount for a dated 1964 original. I AM MOVING from CALIFORNIA on July 31, 2023, to Tucson; I can own below $260K; if that falls apart, I'll move to a small community in Missouri, TX or GA to live out my senior days. Lastly, my frustration is felt by many 60+ seniors. The housing market is forbidding in many states with the grim reaper close by. I pray for all of US.