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javiermabrey on Instagram: "There is a narrative going around in this building that we over regulate landlords. It’s ridiculous. Your landlord can raise your r…"
There is a narrative going around in this building that we over regulate landlords. It’s ridiculous. Your landlord can raise your rent by as much as they want year over year and evictions are at all time highs. I am proud to stand with Coloradans who cannot afford to own their homes as the scratch tooth and nail to survive, the people living pay check to pay check. If you are working class in this country you live seven years less than everyone else. If you have been in the business of being a landlord in colorado for years and years and years and you are talking about getting out now because we are trying to do the bare minimum to help the people living pay check to pay check, congratulations because your pay out when you sell will be massive. Since 2000, home values in Colorado have seen significant appreciation, with Colorado seeing a 329% return on investment. If you have multiple properties you will be a millionaire and when you sell you cant take the property with you so it will be back on the market and increase the supply of housing for sale. I am not saying that landlords are bad, I am not attacking landlords, I am just saying, you can charge want you want and evict a renter behind on their rent easily. When you are a landlord, that is typically a bonus, meaning the vast vast majority of landlords have another job that brings in the income that they live on. And that is ok, I agree that those investments should be protected, you should be able to recover your property from renters who break the rules destroy the property or fall behind in the rent. But there should also be basic protections, these are homes for people who cannot afford to own. I know we all got sent a green book outlining the law in this space in Colorado and it’s a nice prop but I am proud of what is in that book. Legal standards outlining that homes should be safe and habitable, free of mold and bed bugs, with functioning plumbing and heat. I hear every year of renters who pay full rent for years in homes without functioning heat in the winter or infested with bed bugs, we need a few pages of law protecting people like that.