return2ozma@lemmy.world to News@lemmy.world · 7 months agoL.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sellwww.latimes.comexternal-linkmessage-square65fedilinkarrow-up15arrow-down10file-text
arrow-up15arrow-down1external-linkL.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sellwww.latimes.comreturn2ozma@lemmy.world to News@lemmy.world · 7 months agomessage-square65fedilinkfile-text
minus-squarecrystalmerchant@lemmy.worldlinkfedilinkarrow-up0·7 months agoI don’t understand. If they get a fixed rate at the time of purchase what difference does it make that rates have gone up?
minus-squareWoahWoah@lemmy.worldlinkfedilinkarrow-up0arrow-down1·7 months agoVery often these aren’t traditional fixed-rate mortgages. That’s what they probably have on their “primary” home, but when you’re buying homes with the explicit purpose of using them as income generators, the landscape of available loans changes.
I don’t understand. If they get a fixed rate at the time of purchase what difference does it make that rates have gone up?
Very often these aren’t traditional fixed-rate mortgages. That’s what they probably have on their “primary” home, but when you’re buying homes with the explicit purpose of using them as income generators, the landscape of available loans changes.