[WSBARP] Landlord Question - Next legislative session

[Chris B]

I just entered into an agreement to sell 4 of my 12 rental homes as a package.  All will be town down and replaced with McMansions. These are nice homes that I am proud to own, two of which have tenants in them for more than 10 years.  While all my tenants are current in their rent, I no longer wish to be in the rental housing business in a state that is clearly trying to kill that business.

As they say, it is “a feature, not a bug.”

Chris Benis
Hecker, Wakefield & Feilberg, P.S.
321 First Avenue West, Seattle, WA  98119
206.447-1900 office – 206.447.9075 fax – www. heckerwakefield.com

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From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Rani K. Sampson
Sent: Thursday, December 17, 2020 10:51 AM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: Re: [WSBARP] Landlord Question - Next legislative session

The long-term consequences of forcing landlords to absorb large financial losses are predictable:  landlords will liquidate their real estate investments (they’ll sell).  Tenants will have much less housing to choose from.  Rental houses will be incredibly hard to find.  The void might be filled by corporate landlords building apartments or government landlords building projects.

This is very bad for tenants, long term.  The loss of rental housing will affect all of us.

Rani K. Sampson
Overcast Law Offices | Attorney
23 S Wenatchee Ave #320, Wenatchee WA 98801 | (509) 663-5588 x 6

From: wsbarp-bounces at lists.wsbarppt.com<mailto:wsbarp-bounces at lists.wsbarppt.com> <wsbarp-bounces at lists.wsbarppt.com<mailto:wsbarp-bounces at lists.wsbarppt.com>> On Behalf Of Kary Krismer
Sent: Thursday, December 17, 2020 10:37 AM
To: wsbarp at lists.wsbarppt.com<mailto:wsbarp at lists.wsbarppt.com>
Subject: Re: [WSBARP] Landlord Question - Next legislative session


You're generalizing.  The moratorium protects an entire class regardless of their need, at the expense of another class, regardless of their need.  If it were based on economics I'd have little problem with it, but it's not.  Beyond that though, I'm worried about the long term adverse effects on those who actually need the protection.  The moratorium may have given them a false sense of security and lead them to make bad decisions.  Back when I practiced law I did primarily debtor bankruptcy and the moratorium is likely causing people to make decisions that no competent financial planner would ever advise them to make.

Also, you can't even assume someone who rents cannot afford to own.  They may just not wish to own for many different reasons.

Kary L. Krismer

206 723-2148
On 12/17/2020 10:20 AM, Andrew Hay wrote:
I will take the pro moratorium position.  Donning my suit of armor at the same time…..

This is a time of great economic pain due to a pandemic unequaled by any health crisis in 100 years.  The moratoriums are a policy protecting the most vulnerable people in the population as a whole – renters.  As a group they are either poor or old or both.  They are people who can’t afford homes due to lack of wealth.


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