Concord City Council will consider an introduction of a draft ordinance amending the existing Residential Tenant Protection Program at the March 25 City Council Meeting. The amendments adjust the rent increase cap and change the just cause for eviction regulations for single-family homes and condominiums.
A public hearing will be held at the Council meeting on Tuesday, March 25, 2025 at 5:30 p.m. The meeting will be held in Council Chambers at Concord City Hall, 1950 Parkside Drive, Concord.
Dump that damned program in the shredder.
Looks like they ran out of brown paint.
So an owner rents out a place here and city council decides to change the rules at a later date and basically limits what the owner can do in other words he’s going to get screwed.
Bait and switch!
So when is the public hearing about landlord protection program?
Won’t someone please think of the landlords!
I’ll be selling my rentals in Concord as soon as the current tenants decide to move. That’ll be 5 fewer rental properties in Concord, driving up demand and rates for those that remain. I’m not the only landlord that feels this way.
Great plan, council. 100% of the time, more government involved in the free market is not the answer.
Five fewer rentals is five more houses owned by the people that live in them, driving down housing costs overall. All you are doing is rent seeking.
You sir, do not understand basic housing economics. Therefore, you cannot be reasoned with.
I’ll tell ya rentals suck as a landlord, even with the lousy small write-offs claiming the extra income sucks! I know very few landlords that report full rental income nowadays and even more that don’t report the income at all. I’ve continuously made much more money in the stock market vs renting out housing with WAY less headaches.
I hope people pay attention to your post.
It’s almost criminal that so many people don’t understand that when an investor can make more money with investments having one day liquidity, they lose interest in “toilets, trash, and taxes”.
Then what?
Fewer, more expensive rental properties.
Rentals are a busy not worth it!
Yes, and I have recently told the anti Tesla people that are trying to bring down Tesla so nobody makes any more money with it are crazy, we invested in Tesla the date of the IPO and the stock went up 40% and after two stock splits since the IPO it has made $14,000% for us initial investors so for many of you without a calculator or the brain power to figure that a initial IPO $100,000 investment netted 14 million dollars without ever touching anything more than that initial investment.
Even though I don’t believe in buying a Tesla I don’t support electric vehicles at all I do think sk for making that huge amount of percent game with his stock! Now all you anti Musk / Trump people can stick it where the sun don’t shine you will never close Tesla down or get rid of Musk so get over it already.
Calculate your same investment into Bitcoin, which is what I did at a similar time.
People that have no moral qualm with extracting rent are shady on their taxes as well? No way!
And yes, housing should not be used as a speculative financial tool, that’s gross. Short Tesla instead, I did.
I’m just glad a burning Tesla doesn’t contribute to climate change.
Either that, or the party of violence never did believe in climate change.
I never shorted Tesla I made a bloody fortune on it from the start overall you, climate morons buying them made us millions, and now those that are shorting Tesla or making millions over those same morons that bought them in the first place. I have absolutely nothing against Musk and thank him greatly for allowing us to retire early and enjoy the windfall.
This isn’t about the left or right or Teslas. It’s about whether strict rent control measures are good in the long run for cities and affordable housing. And study after study show it is not. It ultimately leads to less and more expensive rentals, deteriorated upkeep and tenants that don’t move on to ownership.