slobertgood t1_ism42t8 wrote on October 17, 2022 at 12:24 AM

Reply to comment by Bluehorsesho3 in What would happen if there was just a city-wide rent strike? Like eventually it would end up in court obviously but if everyone collectively stopped paying rent, the renters would get bargaining leverage back before all the evictions came. Seems like it could be a worthwhile experiment. by Bluehorsesho3

The smaller ones would sell to larger landlords who could afford to take the hit and eventually you'll be standing around with an eviction notice while somebody else moves into your place.

Bluehorsesho3 OP t1_ism4als wrote on October 17, 2022 at 12:26 AM

That is a really long process. You are discounting all the fees both sides would have to eat to handle large quantities of the rent strike. You are also assuming there are enough suckers to overpay for overvalued rental prices. I’d say it would be interesting to let the evictions play out and just put pressure back on the landlord.

I mean realistically why bother caring about an overpriced rental apartment that you don’t even own. Let them handle all the risk and liability.

Rental units are “risk assets” after all.

slobertgood t1_ism73t7 wrote on October 17, 2022 at 12:47 AM

Yea and when you do eventually get evicted, what's your next course of action? Most people don't have some clutch back-up housing option that would allow them to take this kind of incredible risk. I totally understand and agree with the idea that the housing market in the city does not benefit a great deal of the people here, but this doesn't really do anything to solve the long term issue which in my opinion, is a lack of housing relative to the number of people here and their income levels.

If you don't want that apartment rest assured there are 1-3 post-grads with parents willing to assist the rent, and they aren't going to bemoan the evil landlords.

Bluehorsesho3 OP t1_ism8ghd wrote on October 17, 2022 at 12:57 AM

Next course of action is you have plenty of money now for all those months you saved money by not paying rent in the first place. Have a plan B setup with the money you save.