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?
Small landlords don't own apartment buildings. They buy houses/units to rent, lowering availability for buyers. So, you'd at least want to look at the number of new apartment rentals available plus the number of first time house buyers to get a better picture.
Mine did, in North Hollywood, owned a 2 story building, I think 8 units with varying floor plans. Does that qualify as an apartment building? He did all the work himself unless it was something like HVAC or required permitting. He was an IT dude who got laid off by Century Link and diversified. Didn't seem to enjoy the maintenance part though, but was perfectly capable.
pnw · · focus · HN ↗
The city has basically consolidated the rental market so it works best for large corporations. Was that the intent?
tonyhb · · focus · HN ↗
stasomatic · · focus · HN ↗