It would be nice to define abbreviations before using them... for those of us not familiar...
LP? Limited Partnership? Long Playing?
As tenants become more powerful with the help of government, owners and builders will just find alternatives. Here in Montreal, I know of many duplex owners who would rather forgo rent than have to deal with an unpleasant tenant. Most new construction is now in condominiums. Builders can sell the units and not have to deal with renters. Rent increases are controlled and can be lower than inflation.
Finally ;-) "somehow the no taxes on tips is actually becoming a thing" What is wrong with reducing taxes? Dreaming: If only the reduction in taxes would be accompanied by a reduction in spending...
It's shocking (but not really) that they're target national rent control when the pace of enacting will be slow enough for PE to pivot to the next thing.
2 years ago, I even had a chance to look at a handful of LMM firms already looking to roll up HOA's / community funds, for instance.
Great post! Disappointing how economically illiterate national legislation is becoming and how PE in real-estate is another big business boogeyman for the public.
It would be nice to define abbreviations before using them... for those of us not familiar...
LP? Limited Partnership? Long Playing?
As tenants become more powerful with the help of government, owners and builders will just find alternatives. Here in Montreal, I know of many duplex owners who would rather forgo rent than have to deal with an unpleasant tenant. Most new construction is now in condominiums. Builders can sell the units and not have to deal with renters. Rent increases are controlled and can be lower than inflation.
Finally ;-) "somehow the no taxes on tips is actually becoming a thing" What is wrong with reducing taxes? Dreaming: If only the reduction in taxes would be accompanied by a reduction in spending...
It's shocking (but not really) that they're target national rent control when the pace of enacting will be slow enough for PE to pivot to the next thing.
2 years ago, I even had a chance to look at a handful of LMM firms already looking to roll up HOA's / community funds, for instance.
Regarding rent control, how would you combat the new price fixing apps like RealPage https://prospect.org/economy/2024-06-05-three-algorithms-in-a-room/
Great post! Disappointing how economically illiterate national legislation is becoming and how PE in real-estate is another big business boogeyman for the public.