‘Toxic cocktail’ of renter protections destroyed $39M affordable housing investment as Dem cities follow suit. The city’s successive ordinances targeting landlords ultimately created a “toxic cocktail of legislation” that took a functioning affordable housing property and “destroyed it.” Seattle enacted a series of ordinances restricting criminal-background checks, expanding tenants’ ability to bring additional occupants into their apartments, limiting certain evictions, and requiring relocation assistance following qualifying rent increases. GRE alleges its rent collections collapsed from 93.9% in 2018 to just 44.1% in 2023, contributing to nearly $5.8 million in cumulative operating losses. This is EXACTLY what happens when a bunch of Democrats get together and start runnin’ ANYTHING. QUIT ELECTIN’ DEMOCRATS!!!
TwiceRetired.org - Commonsense Commentary
Common sense puts the money in your wallet. Use your vote to keep it there.
