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

[brutal]

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

Let's get the fishermen and campers too!

[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....

[Irving]

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/

[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.

[Great-Kazoo]

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.

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 Granted to them driving a new SUV probably was more of a sound investment, than say a house.

[Rumline]

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.

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

[00tec]

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

[Irving]

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

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.

[FoxtArt]

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.

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.

[Skip]

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

[snip]

True and perfectly stated!!!

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