Whenever someone proposes a law to, "Spur investments," particularly in real estate it means that ordinary folks are going to get f%$#ed like a drunk sorority girl.
Case in point, Washington, DC's proposed new tenant laws.
This won't encourage investment, it will just turbocharge gentrification.
I guess that, "F%$# the poor is the real national pastime of America.
D.C.’s eviction laws and tenant protections are getting overhauled under legislation the D.C. Council passed Wednesday, policy changes that proponents say are intended to attract housing investment as the market is floundering.
The RENTAL Act — or the Rebalancing Expectations for Neighbors, Tenants and Landlords Act — will speed up the eviction process as a court backlog and citywide crisis in unpaid rent have threatened the solvency of affordable housing developers across the District, leading to fears that the city could lose affordable housing.
The bill also creates exemptions to a decades-old tenant protection law that allows tenants a seat at the negotiating table when their building goes up for sale, provisions that supporters argued would ease regulations that investors could find burdensome but that drew loud opposition from tenant rights advocates.
Council member Robert C. White (D-At Large), chairman of the housing committee, said the city had to confront a housing crisis and take bold action to reverse the downward trend in new housing investment, or else housing would only become more expensive.
Or the city could condemn abandoned properties and require denser development, perhaps even building homes themselves.
Even DC municipal government would find it difficult to lose money on DC real estate.
0 comments :
Post a Comment