As an outsider to most of this, but a Weinland Park resident, I realize that a vast majority of the housing in Weinland Park belongs to absentee landlords. The question is who will they end up renting too?
Most likely Juniors, Seniors, and Grad students will move into these apartments. I think most students, if they have the opportunity, want to live close to campus. I tend to agree that these landlords won't really be affected. They will still be able to rent to students, unless the quality of their property or their prices are too high. In those cases, I have absolutely no sympathy.