[IC Ken]

I will be looking forward to the stories of how badly this backfires on property owners.

[Truth29]

"I will be looking forward to the stories of how badly this backfires on property owners."

That won't be a backfire, it will be a feature. Rents will go way up, units will be withdrawn from the market, investment property values will go down, and then the government will step in to save the day with rent control, public housing, etc.

[hanamizu]

I will be looking forward to the stories of how badly this backfires on property owners.

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If this were to backfire on anyone, it would be the city council who voted this in. Rest assured it won’t backfire on them. Property owners, who likely didn’t press for this law will get to reap the “benefits”.

[hanamizu]

I will be looking forward to the stories of how badly this backfires on property owners.

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If this were to backfire on anyone, it would be the city council who voted this in. Rest assured it won’t backfire on them. Property owners, who likely didn’t press for this law will get to reap the “benefits”.