I am in a similar position to Mr. Lazar - a small landlord who maintains his properties and keeps rental rates significantly below the market. However, like many small housing providers, we are increasingly considering selling the properties in light of the punitive measures passed by the legislature and local jurisdictions. While the intention of these measures may be to stabilize rental housing, the net result will be a steady erosion of rental housing as they are converted to owner-occupied dwellings. Instead, efforts to liberalize zoning and construction regulations, addressing NIMBY concerns and other efforts to increase housing stock would be far more effective ways to address this dire need.
Please explain the inappropriate content below.
