This bill will result in all rental costs increasing slightly. You can legislate anything but the costs will always be one hundred percent covered by those using the services. There is no way around this.
I own pets and love them but I can expect an additional cost to house them.
It won’t. Will simply result in more damages this increase in overall rent and less people willing to invest in rental properties this fewer homes to rent. Thus a double hit on increased rental rates.
similar to how min wage eats into profits and ceo pay without affecting overall employment, the scam deposit fee bullshit industry can actually absorb the hit and I’d wager more rental managers would just start using actual cleaners instead of their cousins phony cleaning company that charges way too much
You can legislate anything but the costs will always be one hundred percent covered by those using the services.
This smells of what I’ve heard described before as “the fallacy of immutable profits”. Landlord profit margins aren’t set in stone. The state could pass any number of additional renter protection measures to force landlords to eat the costs if they wanted to.
You can not force people to become landlords. Pass all the laws you want but that just means fewer and fewer places to rent. Is that hard to understand? What do you think happens when there are 100 houses to rent and 200 families needing shelter? Prices keep rising until it becomes profitable for people to invest money into rental.
What the protection measures result in is pretty much only large commercial operations can be landlords due to the need of someone trained to get the maximum out of renters and have the ability to navigate the courts if they do any damages. We see that already as rental costs rise and low inventory is common in most markets.
This bill will result in all rental costs increasing slightly. You can legislate anything but the costs will always be one hundred percent covered by those using the services. There is no way around this.
I own pets and love them but I can expect an additional cost to house them.
Alternate take: the post rental cleanup industry becomes more competitive.
It won’t. Will simply result in more damages this increase in overall rent and less people willing to invest in rental properties this fewer homes to rent. Thus a double hit on increased rental rates.
similar to how min wage eats into profits and ceo pay without affecting overall employment, the scam deposit fee bullshit industry can actually absorb the hit and I’d wager more rental managers would just start using actual cleaners instead of their cousins phony cleaning company that charges way too much
This smells of what I’ve heard described before as “the fallacy of immutable profits”. Landlord profit margins aren’t set in stone. The state could pass any number of additional renter protection measures to force landlords to eat the costs if they wanted to.
But they won’t
You can not force people to become landlords. Pass all the laws you want but that just means fewer and fewer places to rent. Is that hard to understand? What do you think happens when there are 100 houses to rent and 200 families needing shelter? Prices keep rising until it becomes profitable for people to invest money into rental.
What the protection measures result in is pretty much only large commercial operations can be landlords due to the need of someone trained to get the maximum out of renters and have the ability to navigate the courts if they do any damages. We see that already as rental costs rise and low inventory is common in most markets.
The government could actually force people to rent out vacant property if they wanted to, but that doesn’t really have much to do with anything.
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