Find the moment you remember.

Taylor Avakianat 23:00

I don't remember what prop it was or what what which is the property taxes. Keeping the the property tax. Oh, I'm sorry. the rent control. Rent control. Yes.

Larry Taylorat 36:39

…two, three, four buildings in their entire life. Mhm. And these buildings are aging and the capital improvements that are required are expensive and rent control has locked in people in their apartments for long periods of time. I have I have apartment buildings where tenants have been there 40

Larry Taylorat 38:39

…know, Chicago and New York that are built to withstand time. These buildings basically would need to be maintained significantly to be productive. Rent control became a disincentive for landlords to reinvest in their properties. So when you think about it because they can't be removed ultimately they are going to become more

Larry Taylorat 39:33

valuable because while you can build a new building on any property that was zoned commercial but if you try to build a new building on a property that is already an apartment building that's under rent control you can't do it.