[deleted] t1_j6i15ai wrote
Reply to comment by nilsrva in “People Moving From NOVA to Richmond Are Ruining Our City” Reports Guy Who Moved Here in 2018 by ThatChildNextDoor
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pocketdare t1_j6ihsug wrote
I'm assuming that you have more people in this sub in the "renting" stage of their lives than the investment / landlord stage of their lives. So naturally they'll be hostile to any argument like this because they don't anticipate what it will be like when they're actively looking for ways to grow their wealth for retirement. I'm with you 100% and many of them will be in 20 years ... but not today :)
ddm2k t1_j6k9ipd wrote
Simply the case that in bigger cities with HCOL, adults in general tend to rent longer, because they HAVE to.
In small, (cheap) sleepy southern town about 10 years ago, where the 21 y/o cop and nurse were the “power couple”, two young adults could buy a house immediately after they got married with no down payment on a USDA loan, and seller paid closing costs.
No renting necessary.
Diet_Coke t1_j6ill8y wrote
Maybe they shouldn't have a speculative investment in housing then
Charlesinrichmond t1_j6j27i9 wrote
you think the fan and Museum district would be better off if there were no rentals? I can see this take, but it's unlikely to be a big hit
cathistorylesson t1_j6igyyk wrote
Won’t somebody please think of the landlords 😢
[deleted] t1_j6ijvqi wrote
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okcknight t1_j6izhof wrote
No way dude, shelter is a basic human right. Therefore landlords should be obligated to rent an apartment in the fan to meee for $500 :)
/s
ddm2k t1_j6k9qqb wrote
There is no such thing as a completely free market and shouldn’t be. Quality of life actually regresses when you have a city who chews up and spits out those who aren’t in their working prime in hot sectors.
Asterion7 t1_j6k3t2t wrote
Lol. No. Saying landlords won't make repairs is not the argument against rent control you think it is.
Charlesinrichmond t1_j6ijokt wrote
better yet, think of the math or do some reading on it. Paul Krugman is a famously leftist economist who is good to read on rent control
ddm2k t1_j6k93i8 wrote
No sympathy, you knew exactly what you were buying.
Landlords bought a property knowing it doesn’t CAP?
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