Biden Proposing 5% Cap on Housing Rents

[Leo123]

I voted for Trump 3 times, and I plan to vote for him again, but the exhorbitant rent increase damage is already done. Now the rents will have to DEcrease - I'm hoping for good things to happen, but I cant say I'm too optimistic about the housing rental situation.

It will take a bit but, if Trump gets re elected and he institutes his economic policies, inflation will decrease and prices will go down because there will be more room for competition. Rent control is forever. Just ask San Francisco where rent control destroyed the RE market.

 

[tahuyaman]

Look like you didn't take my advice in Post # 485.

AGAIN >> 90% of New York City apartment buildings (under rent control for decades) are clean, healthy, fully occupied, and not anything like dilapidated slums. You're just talking standard landlord propaganda, that doesnt stand up to reality. See Post # 182.

I don’t heed stupid advice.

 

[protectionist]

I hope they open Tampa Housing Authority Projects and protectionist can move his commie ass into them. He'll be happy then, just like everyone who has ever lived in the Chicago Housing Authority projects. Government control at its finest.

I'm happy where I'm living right now, despite $414/mo more than I was paying in 2021. And as I told you before, as the enemy of US businesses that you clearly are, if anyone fits the "commie" slur around here, that would be you.

And how did "Chicago" get into this ?

 

[protectionist]

It will take a bit but, if Trump gets re elected and he institutes his economic policies, inflation will decrease and prices will go down because there will be more room for competition. Rent control is forever. Just ask San Francisco where rent control destroyed the RE market.

I dont have to ask anybody anything. I was raised from birth in a rent controlled apartment in New York (upper Manhattn), and lived in it for 21 years. Lived in more rent controlled ones in the Bronx for another 10 years. Everything was fine. Nothing "destroyed". See post # 182.

As for rents coming down from their lofty heights, I don't see landlords lowering them one dime, without being forced to. If it happens, great.

 

[tahuyaman]

I'm happy where I'm living right now, despite $414/mo more than I was paying in 2021. And as I told you before, as the enemy of US businesses that you clearly are, if anyone fits the "commie" slur around here, that would be you.

And how did "Chicago" get into this ?

Wait. Some idiot said that rents are increasing at a rate of $1,000.00 a month. That means you should be paying well over $25,000.00 a month in rent.

 

[protectionist]

I don’t heed stupid advice.

You don't know what you need. You don't even know that you need to read through this thread, before posting in it.

 

[protectionist]

Wait. Some idiot said that rents are increasing at a rate of $1,000.00 a month. That means you should be paying well over $25,000.00 a month in rent.

I won't even bother to ask where in hell that came from. Phheeeeew!! (high-pitched whistle)

Make that send 2 doctors over here.

 

[tahuyaman]

I won't even bother to ask where in hell that came from. Phheeeeew!! (high-pitched whistle)

Make that send 2 doctors over here.

Again, some idiot claimed rents are increasing at a rate of $1,000.00 a month.

 

[JustAGuy1]

Then rent goes up $30/month.

This is the problem, NOBODY thinks it through. It's not just the rent, it's everything up and down the line that inevitably goes up. Material, Shipping, Labor, Utilities, EVERYTHING.

 

[Leo123]

I dont have to ask anybody anything. I was raised from birth in a rent controlled apartment in New York (upper Manhattn), and lived in it for 21 years. Lived in more rent controlled ones in the Bronx for another 10 years. Everything was fine. Nothing "destroyed". See post # 182.

As for rents coming down from their lofty heights, I don't see landlords lowering them one dime, without being forced to. If it happens, great.

Well, you lived in a below the Market rental due to government policies, not the free Market.

 

[protectionist]

Well, you lived in a below the Market rental due to government policies, not the free Market.

Yes, I, and millions of others, lived in rent controlled buildings for decades.
And they were perfectly OK the entire time, not ever falling into a state of disrepair, as a mindless post in this thread foolishly claimed they "always" do.

Another utter nonsense post claimed >> "Government imposed rent control has always failed." For over 90% of the rent controlled buildings in New York, that rent control NEVER failed, over the course of many decades, and those buildings, ovr 100 years old are still occupied, clean and healthy, producing profits.

Beware of FALSE prophets.

 

[protectionist]

You would lose the Landlords votes.

And gain the votes of the other 99.999% of voters.

 

[Leo123]

Yes, I, and millions of others, lived in rent controlled buildings for decades.
And they were perfectly OK the entire time, not ever falling into a state of disrepair, as a mindless post in this thread foolishly claimed they "always" do.

Another utter nonsense post claimed >> "Government imposed rent control has always failed." For over 90% of the rent controlled buildings in New York, that rent control NEVER failed, over the course of many decades, and those buildings, ovr 100 years old are still occupied, clean and healthy, producing profits.

Beware of FALSE prophets.

You seem obsessed with your own cleanliness. That is not the point. We are discussing how government rent control affects the overall market. Government subsidies have 0 to do with the real Market because it's cost is not Market related.

 

[Toro]

Rent control is one of the worst policies there is.

Instead, governments should be encouraging the building of housing.

 

[protectionist]

You seem obsessed with your own cleanliness. That is not the point. We are discussing how government rent control affects the overall market. Government subsidies have 0 to do with the real Market because it's cost is not Market related.

If by "overall market" you mean housing, then you are Off Topic. The topic is Biden's proposal for 5% cap on housing rents, and how Trump may react to this* , as well as the 112 million American renters, and 100 Million+ business owners/stockholders who are suffering huge losses from the mssive rent hikes of the past few years. See the OP.

* as yet there is nothing in the Trump/GOP Platform pertainimg to housing rentals. There is a mention of "Housing Affordability", but it only mentions home ownership.
1. Housing Affordability
To help new home buyers, Republicans will reduce mortgage rates by slashing Inflation, open limited portions of Federal Lands to allow for new home construction, promote homeownership through Tax Incentives and support for first-time buyers, and cut unnecessary Regulations that raise housing costs.

RNC Releases '2024 GOP Platform to Make America Great Again' Inspired by Trump's Vision for America — Here are the Details | The Gateway Pundit | by Jim Hᴏft

On Monday, the Republican National Committee (RNC) officially released its 2024 GOP Platform, titled “Make America Great Again!” This comprehensive platform is inspired by the enduring vision of former President Donald Trump and aims to address the nation’s most pressing issues with common sense...

www.thegatewaypundit.com

 

[protectionist]

Rent control is one of the worst policies there is.

Instead, governments should be encouraging the building of housing.

Do both.

 

[Toddsterpatriot]

Do both.

No one is going to invest in new rental property if there is a rent cap, you stupid ******* ****.

 

[Leo123]

No one is going to invest in new rental property if there is a rent cap, you stupid ******* ****.

They don't understand capitalization rates and how rental income affects property value.

 

[Toddsterpatriot]

They don't understand capitalization rates and how rental income affects property value.

He has claimed he taught college economics. He's a liar and a moron.

 

[Captain Caveman]

And gain the votes of the other 99.999% of voters.

How many renters v landlords do you have in the USA

The landlord of a house are often a couple, husband and wife etc..