Well, in a functioning rental market it wouldn't be the norm to be sub-letting (esp. 3rd or 4th level sub-letting since that's usually banned by the owner). The waiting list is a few hundred thousand long, but quite a chunk of this is due to people knowing the situation is so bad that they get in line (the fee is pretty small) just in case. If we had 50k-100k more rental units part the rest of the queue would go away. Not all of it, since some are in it, and stay in it for many years after they start getting offers since they want one in the inner city. To get rid of that part of the queue we'd need more inner city (possible, but fought fiercely by nimbyism and our planners who still think le Corbusier was teh awesome) and possibly market rates on the rents.
@KVNBKLYN - here rent control is a formula applied to ALL rental apartments and have nothing to do with when one started renting that apartment. It's all about size, amenities, quality. If you take too high rent from your renters then you can be forced to pay back the part that's considered too much (mostly applies to sub-letting since the owners have legal departments who avoid setting rents that high).
__________________
Forumers met so far:
Huopa, Nightsky, Jo, wolkenkrabber, ThisSideofSteinway, jacksom, New Jack City, LeCom, Ellatur, Jan, Dennis, Ace, Bardamu, AtlanticaC5, Ringil, Dysfunctional, stacey, karakhal, ch1le, Hviid, staff, kjetilab, Þróndeimr, queetz, FREKI, sander, Blue Viking, nomels, Mantas, ristov, Rafal_T, khaan, Chilenofuturista, Jonte Myra, safta20, AW, Pas, Jarmo K, IceCheese, Sideshow_Bob, sk, Ingenioren, Ayreonaut, Silver Creations, Hasse78, Svartmetall
|