It might though if the larger property management companies hike the rents and put them out of reach of many locals, while sitting on empty properties until someone comes along (from out of state) to pay them, because they can better afford to wait.
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This is probably the thing that I dislike about those big companies the most. They help put Californians in everyone else's states because California salaries are higher and their rents are insane. No small thing that many of these companies are located *in* California.
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He completely misses that many "small" landlords will sell their properties into the owner-occupier market, taking them off the rental market completely. I did that a year and a half ago.
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This is literally just “what if Walmart drives out competition them jacks up prices!”
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It's not what Matt's talking about, but if the one unit landlord (renting their previous home) sells it to a family who will use it as their residence, that would reduce the rental supply by one. And the current rules makes them more likely to sell, even at a loss.
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The last two Democrat Presidents have, sometimes inavertedly, made it very difficult for small players and very good for large players. Sometimes, as in health, completely upending the previous ecosystem.
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