Kenneth R. Harney at Realty Times reports that a lobbying and trade group representing large apartment owners is embarking on an ad campaign designed to frighten renters away from housing owned by small investors:
**"The National Multi Housing Council is mounting the campaign to warn consumers about what it considers the imminent dangers of renting with landlords who don't own many properties and don't offer "professional management."**
The NMHC then adds to their disgraceful scare tactics by using misleading statistics to dishonestly assert that 40% of all foreclosures are rental housing owned by small investors. They breathlessly warn that: "(I)f you choose to rent from a private individual, the risk of losing your rental home is very real,"
Have things gotten this desperate? I don't recall Mc'Donald's ever warning consumers that they are in imminent danger of getting food poisoning if they buy a burger at their local diner.
I wonder what the financial health of the NMHC's membership is? That could prove to be an interesting research exercise. How many of them might go bankrupt or into foreclosure if they haven't already?
Is the NMHC trying suck my tax dollars out of the bailout rathole? If they are, how much of that are they using to harm my business?
A lot of their members are publicly traded REITS and other companies that I'm sure many small owners are invested in. I'm very familiar with several of them through my 30+ years in this business. Small owners should let them know how they feel about this stupid and destructive campaign. I know I will.
No comments:
Post a Comment