MoCo Rent Control Bills

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Can county cap the increase of property tax to 6%? With increased assessment value and tax rate in the county, it will help property owners to keep the rent down. By the way, please also keep the increases on the labor cost and prices for everything at homedepots at 6%. We will al live happily afterwards, including the renter, the property owners, the politicians, and the advocates.

If Home Depot raises their prices by 50%, you can drive 10 minutes to Lowes. If your landlord raises the rent by 50%, it takes a lot more than 10 minutes to find another place to live, move, change your children's school, possibly find another job, apply for public assistance when you lose your job due to the move/commuting distance, etc. Also property taxes are a fraction of a property owner's monthly costs. A 6% tax increase does not equal a 6% increase in their total costs.

Have you been a home depot or lowes recently? Please tell me if you can find any items that are priced significantly. By the way, homeowner insurance premiums have increased 20-60% during the past years.

Does “property owner insurance” sound better to you?
This is about rent. By definition, NOT "homeowner".

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Can county cap the increase of property tax to 6%? With increased assessment value and tax rate in the county, it will help property owners to keep the rent down. By the way, please also keep the increases on the labor cost and prices for everything at homedepots at 6%. We will al live happily afterwards, including the renter, the property owners, the politicians, and the advocates.

If Home Depot raises their prices by 50%, you can drive 10 minutes to Lowes. If your landlord raises the rent by 50%, it takes a lot more than 10 minutes to find another place to live, move, change your children's school, possibly find another job, apply for public assistance when you lose your job due to the move/commuting distance, etc. Also property taxes are a fraction of a property owner's monthly costs. A 6% tax increase does not equal a 6% increase in their total costs.

Have you been a home depot or lowes recently? Please tell me if you can find any items that are priced significantly. By the way, homeowner insurance premiums have increased 20-60% during the past years.

This is about rent. By definition, NOT "homeowner".

Does “property owner insurance” sound better to you?

Sure, "property owner insurance." Now, what are you basing this assertion of 20-60% increase on, and what period are you referring to? My property owner insurance on my rental unit has increased less than 6%, total, over 4 years. The payment is equivalent to about 15% of one month's rent. (The bill doesn't even apply to me, because I am a "natural person" with only one unit.)

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Can county cap the increase of property tax to 6%? With increased assessment value and tax rate in the county, it will help property owners to keep the rent down. By the way, please also keep the increases on the labor cost and prices for everything at homedepots at 6%. We will al live happily afterwards, including the renter, the property owners, the politicians, and the advocates.

If Home Depot raises their prices by 50%, you can drive 10 minutes to Lowes. If your landlord raises the rent by 50%, it takes a lot more than 10 minutes to find another place to live, move, change your children's school, possibly find another job, apply for public assistance when you lose your job due to the move/commuting distance, etc. Also property taxes are a fraction of a property owner's monthly costs. A 6% tax increase does not equal a 6% increase in their total costs.

Have you been a home depot or lowes recently? Please tell me if you can find any items that are priced significantly. By the way, homeowner insurance premiums have increased 20-60% during the past years.

I assume you meant "are priced significantly differently"? No, there won't be, because they know you will just go to another store. For housing, on the other hand, landlords know very well their tenants have to weigh the cost of moving versus finding cheaper rent. Stop playing dumb.

[Anonymous]

Btw tenants aren't dumb. We can see when you advertise our old unit for less than you were (over)charging us. You were charging more than market rate because you knew we didn't want to move.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Can county cap the increase of property tax to 6%? With increased assessment value and tax rate in the county, it will help property owners to keep the rent down. By the way, please also keep the increases on the labor cost and prices for everything at homedepots at 6%. We will al live happily afterwards, including the renter, the property owners, the politicians, and the advocates.

If Home Depot raises their prices by 50%, you can drive 10 minutes to Lowes. If your landlord raises the rent by 50%, it takes a lot more than 10 minutes to find another place to live, move, change your children's school, possibly find another job, apply for public assistance when you lose your job due to the move/commuting distance, etc. Also property taxes are a fraction of a property owner's monthly costs. A 6% tax increase does not equal a 6% increase in their total costs.

Moco keeps the rental housing supply down, dummy.
The end game is the NY Community Housing Authority, which is Soviet style housing with Soviet style service

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Can county cap the increase of property tax to 6%? With increased assessment value and tax rate in the county, it will help property owners to keep the rent down. By the way, please also keep the increases on the labor cost and prices for everything at homedepots at 6%. We will al live happily afterwards, including the renter, the property owners, the politicians, and the advocates.

If Home Depot raises their prices by 50%, you can drive 10 minutes to Lowes. If your landlord raises the rent by 50%, it takes a lot more than 10 minutes to find another place to live, move, change your children's school, possibly find another job, apply for public assistance when you lose your job due to the move/commuting distance, etc. Also property taxes are a fraction of a property owner's monthly costs. A 6% tax increase does not equal a 6% increase in their total costs.

Moco keeps the rental housing supply down, dummy.
The end game is the NY Community Housing Authority, which is Soviet style housing with Soviet style service

Like, kommunalka?

https://en.wikipedia.org/wiki/Communal_apartment

Wow! I had no idea! And right here in MoCo?! Have you contacted the media about this?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Can county cap the increase of property tax to 6%? With increased assessment value and tax rate in the county, it will help property owners to keep the rent down. By the way, please also keep the increases on the labor cost and prices for everything at homedepots at 6%. We will al live happily afterwards, including the renter, the property owners, the politicians, and the advocates.

If Home Depot raises their prices by 50%, you can drive 10 minutes to Lowes. If your landlord raises the rent by 50%, it takes a lot more than 10 minutes to find another place to live, move, change your children's school, possibly find another job, apply for public assistance when you lose your job due to the move/commuting distance, etc. Also property taxes are a fraction of a property owner's monthly costs. A 6% tax increase does not equal a 6% increase in their total costs.

Moco keeps the rental housing supply down, dummy.
The end game is the NY Community Housing Authority, which is Soviet style housing with Soviet style service

Points for subject changing, name-calling and slippery slope argument!

[Anonymous]

Anonymous wrote:Btw tenants aren't dumb. We can see when you advertise our old unit for less than you were (over)charging us. You were charging more than market rate because you knew we didn't want to move.

100 percent this.

[Anonymous]

Anonymous wrote:The winners and the losers according to Pagnucco

https://montgomeryperspective.com/2023/07/20/winners-and-losers-of-the-rent-control-battle/

+1

[Anonymous]

Pagnucco knows his stuff.

[Anonymous]

Anonymous wrote:
Btw tenants aren't dumb. We can see when you advertise our old unit for less than you were (over)charging us. You were charging more than market rate because you knew we didn't want to move.



100 percent this.

And so what? As a tenant, you are free to respond to what you observe as over-charging by threatening to move. A savvy LL will negotiate with you instead of dealing with the reletting expenses of renting the unit to a replacement tenant at a lower rent.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
Btw tenants aren't dumb. We can see when you advertise our old unit for less than you were (over)charging us. You were charging more than market rate because you knew we didn't want to move.



100 percent this.

And so what? As a tenant, you are free to respond to what you observe as over-charging by threatening to move. A savvy LL will negotiate with you instead of dealing with the reletting expenses of renting the unit to a replacement tenant at a lower rent.

There are a lot of unsavvy landlords...

[Anonymous]

Anonymous wrote:Pagnucco knows his stuff.

He does but he’s either already working for developers or trying to get them as clients, so you have to take him with a bigger grain of salt than you used to.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
Btw tenants aren't dumb. We can see when you advertise our old unit for less than you were (over)charging us. You were charging more than market rate because you knew we didn't want to move.



100 percent this.

And so what? As a tenant, you are free to respond to what you observe as over-charging by threatening to move. A savvy LL will negotiate with you instead of dealing with the reletting expenses of renting the unit to a replacement tenant at a lower rent.

For the corporate landlords at least it takes a lot of effort to get to someone empowered to negotiate. You have to be a very savvy tenant with some time to spare.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is a nice idea, but it’s going to affect many people negatively. Especially the mom and Pop landlords who will end up having to sell their properties if they can’t increase the rent more than what their mortgage or increases are on them
Do you have to apply to be able to increase over the 3% but it still needs to be approved and I’m guessing many will be denied as well. An appeal does it mean approval. When these mom-and-pop landlords have to sell their properties, the tenants will be without a home anyway.

I'm a mom and pop landlord. If you can't meet your expenses as a landlord without increasing the rent every year by 8% PLUS inflation, you probably should sell your property.

Also, the vast majority of rental units in Montgomery County are not owned by mom and pop landlords.

So will MoCo also agree not to have property tax bills capped at the same level of increase then?

No, because, you know, the schools…the schools