Many cities have rent control laws that prohibit landlords from raising rent on their property. So they are finding ways around it. Landlords do all that they can to catch tenants breaking the terms of their lease so they can remodel the rental property in order to avoid the property being regulated by rent control laws. One way that they are doing this is through the use of surveillance technology.
The tenant is violating the terms of the lease by subletting, throwing wild parties, or otherwise endangering the property and the landlord has a significant financial incentive to catch them. When they get caught, they are evicted. This somehow makes the landlord into the bad guy, because making a profit is no longer seen as the proper goal of owning a business.
The left is using government to force business owners to accept fixed pricing while at the same time costs such as property taxes, insurance, and other costs eat into and eventually eliminate profits. So the market is doing what the market does- it’s finding solutions.
Price controls never work.
2 Comments
Ice Ice Trotsky · January 7, 2023 at 1:50 pm
Rent is a construct of the white male patriarchy.
Local cutout cardboard subdivision sectors limit the amount of rentals after learning from experience.
The local former “exclusive” place to live is fundamentally transformed as house owners rent out to anyone with a pulse and EBT card.
A cock fighting ring was just busted there and you can smell the grow houses with the concert stadium lighting.
BobF · January 7, 2023 at 2:19 pm
How much does it cost you in real money plus time investment to actually evict, from time of notice to time of vacancy?
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