Tag archives: apartment
Your Apartment Building Just Became a Bond
Santa Barbara’s new rent law caps the coupon on 13,000 apartments at about 2%. What that does to income, value, and exit, why it may not be the last word, and how to keep up. On January 1, roughly 13,000 Santa Barbara apartments start behaving like bonds. The coupon is capped at about 2.1% a […]
Rent “Stabilization” Is Another Word for Rent Control
“Newspeak” is a term from George Orwell’s dystopian novel 1984 by which a word means something other than what it says. For example, in newspeak “ungood” was substituted for “bad.” In 1984 it was a means of thought control. Our bureaucrats often use newspeak words like “revenue enhancement” instead of tax increase. People hate tax […]
