I got caught in the Villa Blanca kickout for low income housing F-up, where I had awesome landlords who didn't raise my rent in the five years I was there. However, the city decided to buy that block and make it low income housing, thereby putting 80+ people/families out into the market. Rough time, and I vocalized it here. If rent controls came in, this would be more often the case, with apartments going condo. Don't fool yourself Nehkara. What you seek isn't logical.
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Originally Posted by JiriHrdina
No reason not to make it permanent.
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On the contrary Grant, I have benefitted from this.. big time (I got lucky). $475 for a good sized suite with all amenities. And rents aren't going up this year either (again, good landlords, and I am a good renter.)
If you relax the laws, then the owners can raise rents similarily to everything else. For those renters that want a buy, find those mother-in-law suites that are not legit. At this time, it is the best buy out there.