[WSBARP] Federally backed mortgages and evictions

[Kary Krismer]

Since this is a Google searchable listserve, I won't name names, but 
there's a rather significant attorney landlord who is getting out of the 
game due to all of this.  I'm guessing maybe 10-20 houses that will no 
longer be rentals (unless the new buyer rents).

But it's not just that it will only be big players in the game. 
Newspaper reports to the contrary, I don't find that big players invest 
in single family houses.  Assuming I'm right, that means it will be 
harder for parents to raise their kids in a house, as opposed to an 
apartment.  That takes away an important choice for families. My point 
is, it's not just an increased expense resulting from these policies, 
it's also a lifestyle choice.

Kary L. Krismer
206 723-2148

On 1/18/2023 5:13 PM, K. Garl Long wrote:
>
> Jeff:
>
> You are. The combat is, and has, caused smaller housing providers to 
> flee the market. The UD statute was implemented to convince people to 
> provide housing by promising that if they were not paid, or the tenant 
> caused problems, the law would promptly and inexpensively restore the 
> owner to possession of their property. Now, the law does the opposite.
>
> This "policy" convinces people not to provide housing.  It is foolish 
> in the short term, and very foolish in the long term. The small 
> housing provider will soon be gone.
>
>