Fannie Mae-No Politics (FNMA)

[Donotunderstand]

same issue with - you must rent to all qualified applicants and not discriminate by color or ...

that does not apply to houses with less than X units where the owner lives there

such carve outs - logical and fair to the mom and pop operation (as long as not part of 20 such mom and pop as one company) -- exclude a lot of the smaller stuff

the whole thing goes in circles and I honestly have never given it much thought (other than enjoy all the New Yorkers who read the Obits)

rent controlled buildings (say 100 units) have less value (resale or whatever price) so they are appraised LOWER than if no rent control and higher rents ----- and THAT city gets less tax income - so ? and yada yada and the circle moves on

I did think - (and it is cheated with doormen and ?) that when some one moved out - THAT unit went to market rates ? If that is enforced and works it takes a TON of the sting out of the negative. People pay some normative rent increase - and landlord goes to full market when those people move. ?

I think it is MI or maybe Wisconsin - that has a very interesting program to help seniors stay in their homes as neighborhoods gentrify and prices and taxes move up and up and up (I know my taxes reflect the value of my house of 40 years and sting). For people over the age of 70 I think - their property tax cash payment is frozen. it does not go up. AT same time the appraiser - county - city - continues to put a market tax assessed value on the books. The next owner (regardless of age!!) starts there at that rate. You should not be surprised I favor approaches that continue private markets but "try" to protect the individual from the omnipresent powerful push of 100% pure capitalism (as much to protect capitalism from a revolution as to protect those in need)