I'm confident that Nevada GCB will get to bottom of it. If no action taken, you'll know both gamblers either perjured themselves or had bad information, in effort to take down an operator who they believe did them dirty. RW isn't the only hotel on Strip that Sattler or robinhood702 have visited or been 86'd from…just the most recent. Smith, Stutz, and Gentry look silly for putting their name on stories in defense of these guys.
Guest
Anonymous
April 20, 2022 5:51 pm
Vegas Baby!
Guest
Anonymous
April 20, 2022 6:54 pm
Great idea, rent control. So Vegas can become slum city like New York.
Guest
Anonymous
April 20, 2022 6:59 pm
Rent control might not be terrible if enacted reasonably. Instead of a permanently fixed amount, a restriction would preclude increasing the rent more than 10% unless there is a material change. The challenge would be that all the landlords get the current tenants out and replace with new. Enforcement would be imposisble, and it could be gamed. Sometimes limits work. For example, California capped property taxes to protect seniors. It has distorted the market there terribly. No one ever will sell because they cannot replace it at current tax rates. Nevada enacted a similar thing, but allowed for rates to rise by a fixed amount per year. It protects seniors from sudden price rises but doesn't completely hobble the economy.
It's not as simple for the landlords to just get new tenants. Rent control would prohibit an increase in rent irrespective of the tenant, is my understanding of how it works.
What will happen is, landlords will raise rental prices like crazy now in an effort to absorb future lack of increases. Then rent will get even more out of hand and rather than hello g solve the problem, government interference will make the problem worse. I agree with the comment below that the market is the best mitigator of rising rents.
@1:11, some rent control ordinances (e.g., some cities in CA) permit you to raise the rent as much as you want with a new tenant, because you're not "raising" the rent, you're just setting a "new" rent with a new tenant. Presumably, the legislature would need to draft around that.
Guest
Anonymous
April 20, 2022 7:06 pm
The market is gonna sort out the rent crisis. We're in a bubble. Property values will come down, so will rent. In the interim, there isn't much the government can do about it.
This seems right. Top 1% income earners can't afford real estate if they didn't already have assets before the fed turned on the money machine. It seems like the bubble has to burst in the next few years.
Guest
Anonymous
April 20, 2022 8:15 pm
I wonder how many Nevadans would support rent control if they understood the cons. While rent control sounds good in theory, it leads to landlords not keeping properties in good condition. To the extent a tenant already has trouble getting a landlord to fix or upgrade anything, rent control serves to exacerbate that problem.
My landlord is already a cheap asshole who won't fix anything and abuses their position in the market. Problem is capitalism, one day hopefully enough of you wake up from the corporate media psy-op and quit falling for their divide and conquer agenda. Workers of the world unite!
Last time I checked the Tenant has the right to fix the problem and deduct it from the rent. As a landlord / owner of several rental properties, depending on the problem, I have invited the tenant to get a bid / quote and on occasion I have approved it and allowed them to deduct it from the rent. In case of AC units, water heaters, and other high dollar repairs, I have home warranties.
So if your LL is a cheap asshole, my suggestion is to notify them in writing that as they have been non-responsive, you are exercising your rights to repair and deduct. You want to see a LL jump to it? Do that.
@2:36 – 2:03 here. I was referring to the quote "When the poor have nothing more to eat, they will eat the rich." – Jean-Jacque Rousseau. It dates back to the 1700s and was a criticism of the French nobility.
3:01, I love your idealism. But those living on a fixed income, whom these rent control laws pretend to help, typically don't have the funds to advance costs. Or the knowledge they can do that. Have you spent any time at Legal Aid or Ask a Lawyer? Not to mention the fear renters have if they don't pay their rent in full if they deduct. In reality, rent control is a bad idea.
3:01, you think landlords would spend money on home warranties with rent control in place? Nice try. They are going to want to spend as little money as possible given the inability to raise rent or a severely limited ability to raise rent.
301 here.
I was mostly commenting on the "cheap asshole" rather than opining on rent control, which I think is a terrible idea.
I am not raising my rents 30-50% like others at this time. I doubt the market will bear it and I have survived one bubble, which resulted in major damages to my homes from pissed off tenants and unrecoverable judgments against insolvent people who skipped town.
That said, I am prepared to survive another bubble. I do this by protecting my investments, which are my properties themselves, only supported by the income derived from rents. I try not to step over dollars to save dimes not out of some altruism but because its good business.
Guest
Anonymous
April 20, 2022 10:57 pm
Of course one solution would be to provide additional housing or to loosen zoning and building codes to allow for the market to provide more housing. Does all new housing require 1500 SF? Avg home size in 1973 was 1660, as of 2015 its 2687. I know plenty of people who raised 3-4 kids in a 800 sf house. Make these available in safe areas with good schools.
Guest
Anonymous
April 20, 2022 11:29 pm
3:01 you may want to review NRS 118A.355 before you advise a client to just inform and deduct.
301 here. I don't advise my tenants anything. I am aware of my obligations regarding habitability. You might want to read my post again.
Guest
Anonymous
April 21, 2022 1:17 am
Does anyone else try to post from your phone and when you hit publish it just disappears and doesn't post the comment? Is this a blog error or a dumb ass user error?
Yes. It seems to post if I hit "preview" before hitting "publish," but other times, even that doesn't help. Doesn't seem to be user error, at least I hope not because I don't know what I'm doing then!
Wait is this Resorts World thing separate from the Robinhood702 thing? What is going on over there.
I'm confident that Nevada GCB will get to bottom of it. If no action taken, you'll know both gamblers either perjured themselves or had bad information, in effort to take down an operator who they believe did them dirty. RW isn't the only hotel on Strip that Sattler or robinhood702 have visited or been 86'd from…just the most recent. Smith, Stutz, and Gentry look silly for putting their name on stories in defense of these guys.
Vegas Baby!
Great idea, rent control. So Vegas can become slum city like New York.
Rent control might not be terrible if enacted reasonably. Instead of a permanently fixed amount, a restriction would preclude increasing the rent more than 10% unless there is a material change. The challenge would be that all the landlords get the current tenants out and replace with new. Enforcement would be imposisble, and it could be gamed. Sometimes limits work. For example, California capped property taxes to protect seniors. It has distorted the market there terribly. No one ever will sell because they cannot replace it at current tax rates. Nevada enacted a similar thing, but allowed for rates to rise by a fixed amount per year. It protects seniors from sudden price rises but doesn't completely hobble the economy.
It's not as simple for the landlords to just get new tenants. Rent control would prohibit an increase in rent irrespective of the tenant, is my understanding of how it works.
What will happen is, landlords will raise rental prices like crazy now in an effort to absorb future lack of increases. Then rent will get even more out of hand and rather than hello g solve the problem, government interference will make the problem worse. I agree with the comment below that the market is the best mitigator of rising rents.
@1:11, some rent control ordinances (e.g., some cities in CA) permit you to raise the rent as much as you want with a new tenant, because you're not "raising" the rent, you're just setting a "new" rent with a new tenant. Presumably, the legislature would need to draft around that.
The market is gonna sort out the rent crisis. We're in a bubble. Property values will come down, so will rent. In the interim, there isn't much the government can do about it.
This seems right. Top 1% income earners can't afford real estate if they didn't already have assets before the fed turned on the money machine. It seems like the bubble has to burst in the next few years.
I wonder how many Nevadans would support rent control if they understood the cons. While rent control sounds good in theory, it leads to landlords not keeping properties in good condition. To the extent a tenant already has trouble getting a landlord to fix or upgrade anything, rent control serves to exacerbate that problem.
My landlord is already a cheap asshole who won't fix anything and abuses their position in the market. Problem is capitalism, one day hopefully enough of you wake up from the corporate media psy-op and quit falling for their divide and conquer agenda. Workers of the world unite!
Eat the rich.
Workers of the World unite go buy a house or an acre of land if you do not want to rent.
2:03 – I am the biggest Motorhead fan in the world! Are you referencing the Motorhead son "Eat the Rich"? Or did that come from somewhere else, too?
Last time I checked the Tenant has the right to fix the problem and deduct it from the rent. As a landlord / owner of several rental properties, depending on the problem, I have invited the tenant to get a bid / quote and on occasion I have approved it and allowed them to deduct it from the rent. In case of AC units, water heaters, and other high dollar repairs, I have home warranties.
So if your LL is a cheap asshole, my suggestion is to notify them in writing that as they have been non-responsive, you are exercising your rights to repair and deduct. You want to see a LL jump to it? Do that.
@2:36 – 2:03 here. I was referring to the quote "When the poor have nothing more to eat, they will eat the rich." – Jean-Jacque Rousseau. It dates back to the 1700s and was a criticism of the French nobility.
Rousseau got it from Motorhead though.
–Not 2:36
3:52 wins the internet today
hahaha 2:36 back – 3:43 thanks I had not heard that before – 3:52 that is the post of the year – Lemmy would be proud!
3:01, I love your idealism. But those living on a fixed income, whom these rent control laws pretend to help, typically don't have the funds to advance costs. Or the knowledge they can do that. Have you spent any time at Legal Aid or Ask a Lawyer? Not to mention the fear renters have if they don't pay their rent in full if they deduct. In reality, rent control is a bad idea.
3:01, you think landlords would spend money on home warranties with rent control in place? Nice try. They are going to want to spend as little money as possible given the inability to raise rent or a severely limited ability to raise rent.
And, hate to break it to you, but warranty companies make money because warranties are usually profitable for the company, not the customer.
301 here.
I was mostly commenting on the "cheap asshole" rather than opining on rent control, which I think is a terrible idea.
I am not raising my rents 30-50% like others at this time. I doubt the market will bear it and I have survived one bubble, which resulted in major damages to my homes from pissed off tenants and unrecoverable judgments against insolvent people who skipped town.
That said, I am prepared to survive another bubble. I do this by protecting my investments, which are my properties themselves, only supported by the income derived from rents. I try not to step over dollars to save dimes not out of some altruism but because its good business.
Of course one solution would be to provide additional housing or to loosen zoning and building codes to allow for the market to provide more housing. Does all new housing require 1500 SF? Avg home size in 1973 was 1660, as of 2015 its 2687. I know plenty of people who raised 3-4 kids in a 800 sf house. Make these available in safe areas with good schools.
3:01 you may want to review NRS 118A.355 before you advise a client to just inform and deduct.
301 here. I don't advise my tenants anything. I am aware of my obligations regarding habitability. You might want to read my post again.
Does anyone else try to post from your phone and when you hit publish it just disappears and doesn't post the comment? Is this a blog error or a dumb ass user error?
Yes. It seems to post if I hit "preview" before hitting "publish," but other times, even that doesn't help. Doesn't seem to be user error, at least I hope not because I don't know what I'm doing then!
It's a blog error. Try using a different browser.
Come on blog police