The Democrats in Florida are losing their shit because rents are increasing so much. Now they are putting forward a plan where they accuse landlords of price gouging. They are also wanting to pass a law that implements statewide rent control. They themselves are the ones to blame for increasing rent.
For a year and a half, renters lived in homes without paying rent, and there was nothing landlords could do about it. During that time, those same tenants received government checks and many of them didn’t pay a single dollar of it in rent. This increased the risk of investment for landlords. As anyone with a lick of economic sense knows, an investment with increase risk always comes with a higher price tag.
That’s exactly what we see happening all over the country- rents have increased by as much as 25% per month. I’ve been warning that this was coming for over a year and a half.
Communism always begins by vilifying landlords. I raised my rent by 7.3 percent this year. I could have raised it more. I am keeping a close eye on this, because a statewide law capping increases will force my hand. The exact wording of this proposed law can cause all sorts of reactions. For example:
- If the law caps increases at 10%, I will simply raise rent by 10% every year.
- Rent on my property currently includes lawn maintenance. If such a law passes, it no longer will. That cost is the same as a 4% increase in rent.
- If it’s too onerous, I will simply sell the property and take the equity out in profit, as many others will. My rental property has increased in value by more than 32% since I bought it. Now there will be no rentals at any price.
Nice job, commies.