Bravo to longtime HAPCO Philadelphia member Pauline Rosenberg for her scathing reply to a recent Philadelphia Inquirer article.
The piece is based on a Drexel University study that finds out-of-town corporate investors are buying up low cost properties and flipping them as market-rate rentals.
Pauline’s Letter to the Editor is another example of HP’s clout and a reason to join Philadelphia’s largest rental and investment owner advocacy group.
And if you see an article somewhere that HAPCO Philadelphia needs to respond to, LET US KNOW!


Big Investors Are Moving In

Michaelle Bond’s article on how big investors are moving into the city’s rental market fails to mention the city’s responsibility for this trend.

This city is seriously anti-landlord, and small housing providers are selling out. During the pandemic, Philly’s courts actually protected nonpaying working tenants from eviction — unheard of in other cities. I lost six months’ rent to a scamming tenant and have no recourse to recovery.

City Council recently passed a law saying a housing provider cannot reject an applicant with past evictions and poor credit. Who in their right mind would want to stay in this business? There are many other insane regulations driving mom-and-pop housing providers to sell to big investors.

As long as the city sees small housing providers as adversaries and refuses to dialogue with them on their challenges and frustrations, they will continue to sell out to big investors.

The crisis in affordable housing will only get worse.

Pauline RosenbergPhiladelphia

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