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- Aug 30, 2007
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[quote user=TangoWhiskey]Several very experienced Albertan investors have talked about people who overpaid for buildings in 2008 and are now stuck. Since rent control (perhaps) forces a higher cap rate and lower building values, it might reduce the risk of big fluctuations in building valuation
that is true .. much like socialism .. only a few win and then only small .. but almost everyone else loses .. a great equalizer !
As stated earlier, like unions, rent control helps those that are in the system, i.e. have a place to rent as it keeps their rent low, but it suppresses supply, and thus forces rents up for available units i.e. the upwardly mobile !
that is true .. much like socialism .. only a few win and then only small .. but almost everyone else loses .. a great equalizer !
As stated earlier, like unions, rent control helps those that are in the system, i.e. have a place to rent as it keeps their rent low, but it suppresses supply, and thus forces rents up for available units i.e. the upwardly mobile !