The Swedish economist Gunnar Myrdal wrote “Rent control has in certain Western countries constituted, maybe, the worst example of poor planning by Governments lacking courage and vision.”
Well, the people trying to “lift the ban” on rent control are back at it
Illinois Landlords – Act FastWhat could be better for Illinois landlords than a year-long eviction moratorium after a global pandemic? Rent Control! That’s right. Representative Will Guzzardi is back AGAIN with House Bill 116 – attempting to repeal the Rent Control Preemption Act. If passed,
What’s Wrong Here?Obviously, there is quite a bit of activity going on today (5/22/20) regarding SB3066. This law has it all – rent cancellation, government control of landlords, eviction moratorium, and eviction sealing. This is going to HURT housing providers. What if the State of Illinois passed a law allowing people to just take what they want from the 7-11 store because of Covid-19 hardship? That’s what they are proposing here. Government sponsored theft.
Let’s take a look at some of the key points:
Your Alderman Has A Plan and You’re Not Going to Like ItA new phrase has entered the landlord-tenant vernacular. “Invisible Evictions”. A few days ago, Chicago’s local neighborhood news portal, blockclubchicago.org posted a story about “Invisible Evictions” allegedly perpetrated by developers in Logan Square and Pilsen. The thrust of the story is that developers are quietly forcing renters out of those neighborhoods. The author is quick to point out the injustice of this situation pointing out that the tenants have not “missed a payment” nor “broken any rules”. This sounds TERRIBLE, right?!? How can those nasty developers do this??? I’ll tell you. The sentiment expressed in the article is representative of the war tenants’ rights advocates are waging against developers and, quite frankly, Western culture (yes, you read that right). It is a battle between property rights and the in vogue claim that housing is a “human right”. Let’s look closer.
The Illinois Rental Property Owners Association has issued a call to action for today on attempts to repeal the rent control law. At the link, you will links to file a witness slip to oppose House Bill 0255. I could explain it, but they do a great job of doing so over there, so click … Read more
Bill to repeal ban on rent control returnsWe warned you it might happen. The House version of Rent Control (House Bill 0255), Will Guzzardi’s Rent Control Preemption Act, is back. The bill was assigned to the house Judiciary committee today. As a reminder, this version of the attempt
What’s the Board going to be up to?Now that State Representative Mary E. Flowers has re-introduced the Rent Control Act (this time in the State House of Representatives), it is important that we continue our breakdown of and commentary on this divisive and likely destructive proposed legislation. I will no longer analyze the amended text of last years Senate Bill 3512 but will now be reviewing the proposed HB2192. In this third part of our review
Anti-Landlord Measure back on the tableIt’s back. On February 7, 2019, 31st district state Representative Mary Flowers introduced House Bill 2192 establishing the the Illinois Rent Control Act to the state legislature. I have not yet made an exhaustive review of the legislative text, but it looks shockingly similar to the second version of the bill introduced to the State Senate last summer. It’s not good and
Digging a bit deeperUPDATE: These provisions track with the newly introduced (Feb 9, 2019) House Bill 2192 introduced by State Representative Mary E. Flowers. Changes in the law have been highlighted below.
Today, we will get back to making an examination of the proposed text of SB3512 (Amended 5/30/18). I want to quickly note that this bill is no longer pending before the Illinois legislature as a new legislative session began on January 9, 2019, but I would be surprised if the law was not reintroduced. In this second part of our analysis, we will break down and examine sections 15 and 20.
I. Am. Shocked.I have been writing recently about the efforts to impose rent control on landlords in Illinois. I think this is a topic of the utmost importance to landlords, real estate investors, real estate agents, and mortgage brokers. Rent control will undoubtedly shake all of the folks whose livelihood is related to the real estate world.