Seattle's push to add additional regulation, compliance, fees and inspections has resulted in an exodus of small landlords, which are down anywhere from 19% to 22% in four years depending on how you slice it, and an explosion in large landlords which are up 77% in the same period.
The city has basically consolidated the rental market so it works best for large corporations. Was that the intent?
I think this might help small landlords out a bit. Big corporate landlords can easily add nonsense fees to make the rent look low. Small landlords wouldn't bother charging you to use your own mailbox and usually don't have common areas to charge you for access to. With things made transparent, the small landlords can simply offer a price, and be on a more level playing field.
pnw · · focus · HN ↗
The city has basically consolidated the rental market so it works best for large corporations. Was that the intent?
gs17 · · focus · HN ↗