Quote:
Originally Posted by Changing City
The relationship between the approved annual rent increase for existing tenants ("rent control") and developers choosing to build more rental units is pretty much non-existent. For one thing, the rent increase percentage doesn't apply to units that become available when a tenant leaves and the unit is re-leased, and for another it doesn't apply to the first rents charged on new units....
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Isn't that in and of itself an inflationary cost for future renters? Faced with a cap on their existing tenanted units, a landlord is going to have to really jack up the asking rent on a newly vacated unit to offset lost revenue.