Proof-Variation7005 t1_j9r28xc wrote on February 23, 2023 at 11:17 PM

Reply to comment by Anustart15 in What would it take to mitigate the downside of rent control, specifically the skimping on maintenance? by letoatreides_

If it's $2000 that can only go up to $2200 but there's enough demand where that same place can be listed for $2600, a landlord can and will do that. Even if they're losing a full month's rent to re-list it (most likely, they'd just shift the next tenant to a mid month lease), that increase would pay itself off within a few months.

It's a market problem. Any solution not focused on the root problem of supply is going to be inadequate and ineffective.

Anustart15 t1_j9ra8ni wrote on February 24, 2023 at 12:13 AM

Sure. And if they are renting a place for $5 and it's suddenly worth $5 million, the landlord will do that, but how often is a landlord accidentally under pricing their rental by $600? It's not like units are jumping 30% year over year. If a landlord is willing to kick someone out to charge higher rent, they were already boosting the rent as much as they could get away with each year, so they aren't going to need to do those huge jumps in the first place