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Metropolitan DC Local Politics
Reply to "Kenyan or Janeese?"
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[quote=Anonymous][quote=Anonymous]One of the issues that the progressives don't understand is that the excessively one-sided tenant laws, coupled with the complexities of rent control and TOPA, keep a lot of potential housing developers/investors out of DC because they just don't want to deal with it. That leaves DC with either big developers who want to build Class A (at Class A rents) or else slumlords who are more than willing to thumb their noses at the law. It's progressives pushing things like Emergency Rent Assistance---which was extended in DC far, far past being necessary under Covid. All tenants had to do to game the system and not pay rent was claim that they had applied for ERAP---they then ran up huge delinquencies and the landlords were helpless. This was annoying and expensive but not fatal to big housing providers. Who did it screw over? The small landlords, many of whom were minorities, who were trying to build wealth by buying older, smaller buildings. When you own a four unit building and the tenants aren't paying and you can't evict them, your lender isn't giving you a break on your mortgage. So a big reason that DC lacks quality affordable housing is that they make it incredibly unattractive to smaller investors to invest in DC. I don't like Kenyan very much, but I have more faith in his ability to not make an already bad situation worse. Janeese's misguided policies will just make housing affordability worse. [/quote] Yep. [/quote]
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