Good evening. It’s because of the hstpa that many apt r being forced to warehouse. Many owners that had long time tt with preferential rents. Some have left and the apt now have major renovation needed. Since the present rent, which in some cases was just several 100 cannot..
You know what a really good law is that prevents a lot of displacement? The Housing Stability and Tenant Protection Act of 2019. Love that thing
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be brought up to market , many small owners do not have the funds for a major renovation to keep about the same rent. U might say, what about the IAI’s? The IAI’s have now been limited to I believe $15k for 15 years. That is not nearly enough. In addition the vacancy…
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