I wonder if anyone has given any thought to the incentive effects on landlords of this:
“Within 24 hours of the discovery of the lab, Mayor Martin Chavez on Thursday announced three new initiatives against meth labs.
The first is the immediate and strict enforcement of the ordinance that requires property owners to pay for the cleanup of drug labs.
Standing in front of the home at a news conference, Chavez pointed at it and said, ‘This property owner is the first, and he probably won’t be too happy about it.'”
Give it some thought. Specifically, how do you think this action by the mayor will affect the supply of rental housing and its price?
