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by smsm42
3917 days ago
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In-laws and regular rental apartments are quite different things, so if they hope that this would make a difference in the market I think they would be disappointed. If somebody has unused space that is not being rented or occupied already then converting it to a rentable unit would be a considerable expense, especially if one has to be ADA-compliant, etc. I doubt that a lot of people would go to that expense only to rent out the units well under market prices (otherwise, there's no point in rent-controlling them). > idea being the new in-laws are hoped to contribute to regular (mostly rent-controlled I believe) No, the idea is to increase specifically rent-controlled stock, with the preference of no new rental space at all over new rental space that is not rent-controlled. At least this is how it looks from the proposals. |
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I agree that's how it looks from proposals, I think you have articulated the politics in a helpful way.