SB19-225 - Stop Rent Control from coming to Colorado!

This state is trying to one up California.

Link below if you want email your state representatives.

https://www.nmhc.org/communications/take-action-CO/

Rent-focused bills at the legislature:

Senate Bill 225

?Authorize Local Governments To Stabilize Rent?

The measure would allow local governments to enact rent-stabilization ordinances for private property, which are currently prohibited under Colorado law.

House Bill 1118

?Time Period to Cure Lease Violation?

Requires a landlord to give a tenant 10 days ? instead of the current three days ? to pay overdue rent or fix a lease violation before the landlord can start eviction proceedings.

House Bill 1170

?The Safe and Healthy Homes Act?

Gives renters more recourse when a landlord will not respond to complaints about poor living conditions. Strengthens law to say apartments must have working appliances, must be free of mold ?associated with dampness,? and must provide living conditions that are not ?materially dangerous or hazardous to the tenant?s life, health or safety.?

House Bill 1106

Rental Application Fees

Prohibits landlords from charging a rental application fee unless the landlord uses the entire amount to process the application ? running background checks, checking references. The landlord is required to provide an itemized description of the fee and make a good-faith effort to return the portion of the fee not spent.

Also, a landlord must not consider rental or credit history more than seven years old. They must not consider an arrest record more than five years old. Exceptions include homicide, sex offenses and cooking methamphetamine.

Senate Bill 180

Eviction Legal Defense Fund

Creates a fund to award grants to nonprofit organizations that will provide legal services to low-income people who are threatened with eviction.


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Is this a state wide law that is different than government subsidized rents? Basically minimum wage for rents, but a cap instead of a minimum?

If true, I can't see how that would be good for the state. Despite people feeling like it's impossible to save for a down payment, I've noticed that mortgage and rent is often the same in the same neighborhood. If rent is artificially held low, then more people will rent and property values will drop. No good for anyone.

That's not all... https://coloradosun.com/2019/04/02/c...iction-crisis/ apparently there are bills to in essence, let a tenant skip rent payments if they whine, and extend their eviction time frames, and provide them with legal help to fight eviction free. (Oh, but none for landlords, you're presumed to be a rich white guy who oppresses minorities and denies them their right to your land, you bastard Lord you)

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Originally Posted by OxArt

That's not all... https://coloradosun.com/2019/04/02/c...iction-crisis/ apparently there are bills to in essence, let a tenant skip rent payments if they whine, and extend their eviction time frames, and provide them with legal help to fight eviction free. (Oh, but none for landlords, you're presumed to be a rich white guy who oppresses minorities and denies them their right to your land, you bastard Lord you)

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Wow! I?ll update my original post with the other bills.

Statements like this are scary, ?She has heard dozens of stories about people who had an unexpected expense ? such as new tires ? and then couldn?t make rent, resulting in eviction. ?That is a common narrative ? losing your house led to everything spiraling out of control.?

How about walking, ride sharing or taking public transportation until you can save money for tires? Or maybe even, canceling your cable, quit buying alcohol or stop buying cigarettes? The amount of money I see wasted by tenants is incredible. People find the money to spend on what they want and make excuses for the late payments of obligations.

My experience in Jefferson County courts have not been lopsided towards the landlord.

Blatant lease breaking? Oh, its okay. The landlord will be okay. Oh, you have proof the deposit stated is incorrect from previous owner and the deposit on file is actually less? Not only will we allow the tenant to break a contract, we are awarding treble damages based on the stated deposit, not the actual. True story.

Horrible landlord?s out there for sure. I?m not one of them. I take pride in my properties putting money back into them to improving them. While not doing major rent increases on existing tenants, but getting the biggest rent gains on renovated units newly leased. Current tenants feel safer, more appreciated, and more value for the rent they are paying.

The small handful that need to be non-renewed or evicted are disturbing the other tenants and keeping better tenants from moving there.

So like usual, lets stand up for the small percentage of problem people who complain the most, while not considering the people who have to put up with them that tend to just complain to management. Sometimes begging for us to do something about it, but all we can do safely is non-renew the lease.






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I was a land lord for a condo I owned in Boston for many years. These types of laws are, for the most part, evil. Although things like keeping mold out are important most of this is hogwash.


Edit: most of the Northeast has these types of laws

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Originally Posted by Irving

[snip]

No good for anyone.

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It's great for the political class. When the folks complain about housing costs, a direct result of the political class's (often Dem) policies, the politician can make it look like he's fighting for the little guy.

The general trend I've seen firsthand traveling is that the more a city tries to do for "affordable housing" the worse they make it. They typically have finite resources and then grow the problem (e.g. middle class in San Francisco, young people in NYC). So reaching into someone's pocket seems like a good solution but it always backfires.

It's a classic capitalist/socialist conflict. And yes, the gov is demonstrating they have some level of ownership/interest in private property.

They should just raise hunting fees a little more to help subsidize rents.

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Originally Posted by Irving

They should just raise hunting fees a little more to help subsidize rents.

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Totally.


Dow / Parks / Dept of Housing / Dept of Red Flags




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Quote:

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Originally Posted by izzy

I was a land lord for a condo I owned in Boston for many years. These types of laws are, for the most part, evil. Although things like keeping mold out are important most of this is hogwash.


Edit: most of the Northeast has these types of laws

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Yes, being a slumlord is not how things should be ran. Life endangerment issues with rentals is no joke, and should be dealt with immediately.

The example in the article of evicting someone over $4, screams of way more to the story than being told.

Like most contentious issues being reported by the media to tailor the article to fit their narrative.


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Originally Posted by Firehaus

How about walking, ride sharing or taking public transportation until you can save money for tires? Or maybe even, canceling your cable, quit buying alcohol or stop buying cigarettes? The amount of money I see wasted by tenants is incredible. People find the money to spend on what they want and make excuses for the late payments of obligations.

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Originally Posted by Irving

They should just raise hunting fees a little more to help subsidize rents.

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Let's get the fishermen and campers too!

I wonder if what will happen is so obvious that Stevie Wonder can see it coming if this passes?

If there is rent control, then people/companies building high density housing (condos/apartments) will not see the future rent increases and their future revenue. This hurts future value. Lower future value and revenue means that high density housing is less attractive to build. That means fewer apartments. There will be a waiting list of places to live because there will be a shortage of apartments. And then people wont want to move out of their rent controlled dwellings. So fewer will come open. Then individuals wont want to rent their houses out because of rent controls.

The rent will be controlled. There just wont be any supply.

But lets look at the good news. Renters are generally younger, urban people. Or Democrat voters. If we can make it harder for DEMs to find housing in the state, maybe that will help save the state in the long run.

If they pass it, I wouldnt invest money in a rental unit....

The latest pod cast on Freakonomics is about why rent control doesn't work. Even mentions Denver as one of the cities proposing it.
Listen to it here: http://freakonomics.com/podcast/rent-control/

Every city already has rent control in place. It's called buying a house. Mortgages are similar to local rents. 5 years ago I bought my house and paid about the same as rent would be. Now, my mortgage is HALF what the local rents are.

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Originally Posted by Irving

Every city already has rent control in place. It's called buying a house. Mortgages are similar to local rents. 5 years ago I bought my house and paid about the same as rent would be. Now, my mortgage is HALF what the local rents are.

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We had people actually us they couldn't afford to buy a house, when we said ours was for sale. Curious, how much you pay for rent? Oh it just went up to $1700. FWIW, our mortgage is $500 a month;) [panic] Granted to them driving a new SUV probably was more of a sound investment, than say a house.

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Originally Posted by Irving

Despite people feeling like it's impossible to save for a down payment, I've noticed that mortgage and rent is often the same in the same neighborhood. If rent is artificially held low, then more people will rent and property values will drop.

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The kinds of people who would benefit from these laws aren't going to be qualifying for a mortgage anytime soon anyway.

I just looked up apartments in Brighton for giggles. $200 more than my house on 38.5 acres.

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Originally Posted by Rumline

The kinds of people who would benefit from these laws aren't going to be qualifying for a mortgage anytime soon anyway.

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That's correct. But there are a lot more people who will borrow for it because they think it will affect them. It will, but not in the way that they think. As previously mentioned, no one will move, why should they? No improvements to property will be made either, why should they? This will keep shitty neighborhoods shitty, and make non-shitty neighborhoods more shitty, like mine.

People bitch about the poor being displaced. If you aren't making it where you live now, you probably should leave, if for no other reason than to find more affordable living. I realize it's easy to be blunt about the issue from afar though.

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Also, a landlord must not consider rental or credit history more than seven years old. They must not consider an arrest record more than five years old. Exceptions include homicide, sex offenses and cooking methamphetamine.

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Great, so now when you decide not to rent to scumbags for reasons that they are scumbags, they now perhaps have a civil suit saying they had 4 bankruptcies in the past 30 years (but none in the last seven) and their multiple eviction history, multiple arrests, DUI's from six years ago, and multiple B&E's from five years ago (they just got out of prision). So because you didn't rent to SHITBAG, SHITBAG is a protected class now? Fuck the government and it's bedfellows.

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Originally Posted by Irving

Every city already has rent control in place. It's called buying a house.

[snip]

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True and perfectly stated!!!

But vote buying is about entitlement and identity politics (rich eat the poor).

Is there any recent example where a D majority in the statehouse has changed their mind on doing something stupid because of letters, calls, etc?

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Originally Posted by DDT951

I wonder if what will happen is so obvious that Stevie Wonder can see it coming if this passes?

If there is rent control, then people/companies building high density housing (condos/apartments) will not see the future rent increases and their future revenue. This hurts future value. Lower future value and revenue means that high density housing is less attractive to build. That means fewer apartments. There will be a waiting list of places to live because there will be a shortage of apartments. And then people wont want to move out of their rent controlled dwellings. So fewer will come open. Then individuals wont want to rent their houses out because of rent controls.

The rent will be controlled. There just wont be any supply.

But lets look at the good news. Renters are generally younger, urban people. Or Democrat voters. If we can make it harder for DEMs to find housing in the state, maybe that will help save the state in the long run.

If they pass it, I wouldnt invest money in a rental unit....

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Yup, rent control leads to housing shortages which in turn drives rents UP.

Also leads to an increase in the phenomenon of illegal sub-leasing which from what I've heard is endemic in places like NY and SF.

They're just creating another problem that will have to be addressed in ten years...with another law. You can't legislate human nature.

Liberals: OMG Colorado has become too expensive for working people to rent! Lets implement price controls!

a couple years later

Liberals: OMG Colorado has a housing shortage, especially for affordable housing rentals!

https://afinde-production.s3.amazona...dad5dd6a57.jpg

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Originally Posted by Zundfolge

Liberals: OMG Colorado has become too expensive for working people to rent! Lets implement price controls!

a couple years later

Liberals: OMG Colorado has a housing shortage, especially for affordable housing rentals!

https://afinde-production.s3.amazona...dad5dd6a57.jpg

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Sort of like the defects law that stopped condo developments so people would have things to buy under $200k?


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Originally Posted by XJ

Is there any recent example where a D majority in the statehouse has changed their mind on doing something stupid because of letters, calls, etc?

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I was thinking the same thing. They don’t read letters or type out replies or take phone calls. Their flunkies do and it means zero.

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Originally Posted by Irving

They should just raise hunting fees a little more to help subsidize rents.

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I figure they'll just tack it on to vehicle registration.

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Originally Posted by vossman

I was thinking the same thing. They don’t read letters or type out replies or take phone calls. Their flunkies do and it means zero.

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They don't even listen in person, so why would they bother to inform themselves in other ways?

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Originally Posted by Gman

They don't even listen in person, so why would they bother to inform themselves in other ways?

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The only thing that seems to faze them is recall because it's a stain/block on their political aspirations and their connected friend in TheParty can't help them overcome that.

Really hard to advance in politics when your own constituents have pulled you from office.