There is a nationwide eviction moratorium. There is a push to eliminate security deposits. It sounds great, but now the landlord has to file a claim for any damages done to the property by the tenant. This increases costs and risk to the landlord.
Now the newest thing is laws that prohibit credit checks, using a prospective tenant’s rental and credit history in making application decisions, and makes the risks of being a landlord too great for most small businesses.
I know that my wife and I have decided that if this sort of thing comes to pass, the amount that we would have to increase rent to compensate for the added risk would price our rental out of the market. This means that we would no longer be making enough money to make up for the higher risk that this would entail. For that reason, we would likely not renew tenants’ leases, clean the properties up, and then sell them. I don’t think that we would be alone in that.
It’s like the left is deliberately destroying the country.