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Metropolitan DC Local Politics
Reply to "Several Affordable Housing Developers Are on the Verge of Collapse"
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[quote=Anonymous][quote=Anonymous]I know several people who own condos in DC that they once occupied but are holding onto the asset. They sometimes put them on Airbnb to offset costs but they are reluctant to lease them for rent because of D.C. law. They don’t want to get stuck with a tenant who is near-impossible to evict, they don’t want the contract uncertainty when they sell of having to offer the tenant the right of purchase, and they don’t want the hassle of having to take a voucher holder as a tenant. As a result of DC’s too pro-tenant laws, units effectively sit off the market instead of being rented.[/quote] +1 My DH owns several rental properties. He would not buy in DC for this exact reason. We are not interested in paying for strangers to live in a condo we pay for. That’s essentially what DC tenant laws allow.[/quote]
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