Quote:
Originally Posted by GenWhy?
If we got rid of rent caps tomorrow my Clients would charge whatever they want / can, as they currently do.
If we evicted a whole 1972 building and did no work on it, we'd charge the same maximum market rents as if it were 50% full of people living there over 20+ years paying below-market rents. The only difference between these two scenarios is the extra money my Client would make.
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That building doesn't exist in a vacuum though.
You'd be competing with every other landlord, and developers who would see the potential to build nice new apartments and steal your tenants (forcing you to reduce rents).