Indianapolis Passes New Landlord Registration Requirements
My predictions:
There were will be massive non-compliance. Ironically (or not so much) from the very "absent" landlords they are attempting to rein in. But also to a lesser extent from those who just refuse to be subjected to such unnecessary and pointless regs.
The number of vacant properties will actually increase.
The availability of affordable housing will decrease. Initially as a result of the increase in vacant properties, but also as the costs of compliance for all the new regs that will necessary be spawned from this.
Despite the efforts, the accountability requirement (and kudos to MIBOR and others for getting it in there) will be soundly ignored. I'm not even sure they have a rubric for determining the effectiveness of the regulation. But even if they do, it's far too easy for them to manipulate the numbers to their benefit.
My predictions:
There were will be massive non-compliance. Ironically (or not so much) from the very "absent" landlords they are attempting to rein in. But also to a lesser extent from those who just refuse to be subjected to such unnecessary and pointless regs.
The number of vacant properties will actually increase.
The availability of affordable housing will decrease. Initially as a result of the increase in vacant properties, but also as the costs of compliance for all the new regs that will necessary be spawned from this.
Despite the efforts, the accountability requirement (and kudos to MIBOR and others for getting it in there) will be soundly ignored. I'm not even sure they have a rubric for determining the effectiveness of the regulation. But even if they do, it's far too easy for them to manipulate the numbers to their benefit.