TLDR, old Stanford professors want to make money off of young Stanford professors by making their housing less affordable and so they took over the residents’ board. (Again, assets of the old are the debts of the young.) https://twitter.com/ClaytonNall/status/1184990594818396161 …
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Rent control is also an indirect version of this; a byproduct of capping rents for tenants is it also constrains the property’s potential cashflow and thus, overall resale value.
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Yes I agree rent control could be similar
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Is the inclusionary policy changed on an existing building when it changes hands? My understanding is it’s done at building time, which I can imagine is still a nightmare for the builder but more limited in scope than a homeowner having the conditions change from under them.
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I don’t think it matters as much when it technically triggers, since the expectation of it being imposed later would affect land values, feasibility.
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