22. March 2005 • Murph
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The Michigan Daily reports that Mayor Hieftje has begun thinking about how to create a city ordinance that would prevent lease-signing too early in the school year, reducing pressure on students to find housing and sign (or renew) leases before properly considering their next year’s needs.
The rush to find off-campus housing will be dramatically different next fall if Ann Arbor Mayor John Hieftje succeeds in passing a city ordinance that would restrict landlords from leasing apartments and houses until after the fall semester is over.
“My plan is to start work on developing this ordinance internally with our legal people, and with the council members, and move this so that we have it in place by the end of summer,� Hieftje confirmed in an interview with The Michigan Daily.
Hieftje said he was unsure of what the specifics of the ordinance will be. For example, he said he would like to write the ordinance in such a way that, while landlords would be barred from leasing apartments and houses early, exceptions could be made for students who want to lease apartments before the start of winter semester. However, he said he does not know how this would be done.
The article mentions experience with a similar ordinance in Madison, WI, which had the unintended consequence of causing all students to try to find housing during the Fall semester exam period and had to be revised. It’s also unclear how an ordinance like Madison’s, which blocked out showing of apartments and lease-signing during the first 1/3 of the current lease, would affect leases with terms other than one year, such as the four or eight month contracts offered by Ann Arbor’s student co-ops, or leases that don’t start at the beginning of the school year, which, despite the significant influence of the University on Ann Arbor’s rental housing market, do exist.
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—Murph Mar. 22 '05 - 04:34PM #
I also think this will actually increase pressure on students to act without taking sufficient time to look at many options, as it will essentially be everyone busting out of the gate at once in a mad rush. This may all be colored by my suspicion that Hieftje is not really acting in the interests of students (in this and other cases).
—Dale Mar. 22 '05 - 04:43PM #
People are also getting mortgages for houses they can’t afford because they want to get the very best interest rate before the Fed raises rates (as it is expected to do today). If you hold out for a couple years, Murph, you might be able to buy one of their houses for cheap.
—Hillary Mar. 22 '05 - 05:07PM #
I understand both sides of the lease dates argument here, but it seems to me that a re-sign date ordinance would be perfectly reasonable.
—KTL Mar. 22 '05 - 05:15PM #
I can’t think of a student property manager that would object to this. However, I also can’t think of a way to reasonably enforce it or install it without creating more problems on top of the ones we have already.
—Marc R. Mar. 22 '05 - 05:16PM #
—Brandon Mar. 22 '05 - 05:46PM #
Dale, I think we should try to start an Oklahoma Land Rush style housing hunt tradition. Get all the students together on the Diag, and, at the stroke of noon, all of the rental properties in Ann Arbor throw open their doors, with leases and pens sitting on the kitchen tables.
—Murph Mar. 22 '05 - 05:56PM #
But I agree- I’ve always ended up with the best deals by waiting as long as possible, and swooping in on places that would otherwise go unrented.
Luckily, in my current spot, there’s no worries about that.
Oh, and why, exactly, should the government have this power to set lease dates? I mean, I hate to sound all Libertarian, but c’mon. We don’t have to have every facet of our lives regulated…
—js Mar. 22 '05 - 06:20PM #
First, not everyone who rents is a student. Not all of the Ann Arbor rental market revolves around the school year.
Second, if you truly believe that you can not find an apartment close to campus at any time of the year, you deserve what you get. If a landlord treats you like crap by showing your apartment the month after you move in—find someplace else, don’t re-sign.
Once you get out of the gullible student market, most apartment complexes and rental houses in Ann Arbor ask you what you are thinking about doing a couple of months before the end of the lease and most people searching for an apartment only do so about six weeks before needing to move.
—Julie Mar. 22 '05 - 07:07PM #
—Murph Mar. 22 '05 - 07:19PM #
—Lazaro Mar. 22 '05 - 08:43PM #
—Scott Mar. 22 '05 - 09:40PM #
—Scott Mar. 22 '05 - 09:41PM #
The price of oil is another factor that may influence future home sales. Oil is a component of so many consumer products, rising oil prices are begining to cause inflation in other sectors, like building supplies and cement. The Fed battles inflation by raising interest rates.
But, who knows? The price of fuel may make condos and downtown living without a car more appealing to the newly bankrupt.
—Hillary Mar. 22 '05 - 10:46PM #
—Brandon Mar. 22 '05 - 10:50PM #
Maybe we need an AU classifieds section?
—Murph Mar. 22 '05 - 11:38PM #
“Raving anti-auto idealouge seeks attractive parking structure in floodplain.”
“Homeowner seeks density . . . that’s just not the right place for it.”
“Are you the LoFT I’ve been looking for all my life?”
—Brandon Mar. 23 '05 - 12:58AM #
—Brandon Mar. 23 '05 - 01:03AM #
—js Mar. 23 '05 - 01:53AM #