Biden Proposing 5% Cap on Housing Rents

[Burgermeister]

IncreasED. English grammar is important.

Yes, you should learn some. I mean, WTF?

 

[protectionist]

Yes, you should learn some. I mean, WTF?

Would you teach me ?

 

[Couchpotato]

That wasn't the question.

Of course it is. Every time someone asks should the federal government do X the question is always does X violate the Constitution if the answer to that question is yes the answer to original question should be no.

 

[protectionist]

Of course it is. Every time someone asks should the federal government do X the question is always does X violate the Constitution if the answer to that question is yes the answer to original question should be no.

I mean that wasnt the question I asked, Mr DODGE.

So, once again >> Would you rather see millions of people evicted from their rental homes, & millions of businesses going out of business ?

 

[Couchpotato]

I mean that wasnt the question I asked, Mr DODGE.

So, once again >> Would you rather see millions of people evicted from their rental homes, & millions of businesses going out of business ?

If stopping that requires the federal government to violate the Constitution, yes. This idea is stupid, and wildly unconstitutional.

 

[Toddsterpatriot]

If stopping that requires the federal government to violate the Constitution, yes. This idea is stupid, and wildly unconstitutional.

That stupid ******* **** ignored post #537.

 

[protectionist]

If stopping that requires the federal government to violate the Constitution, yes. This idea is stupid, and wildly unconstitutional.

"stupid" ....Oh, how smart to have millions of people evicted from their rental homes, & millions of businesses going out of business ? Yes, brilliant.

Just curious. Specifically how would that violate the Constitution ?

 

[Couchpotato]

"stupid" ....Oh, how smart to have millions of people evicted from their rental homes, & millions of businesses going out of business ? Yes, brilliant.

Your “solution”’is the stupid part.

Just curious. Specifically how would that violate the Constitution ?

The takings clause. Individual property rights.

 

[TNHarley]

Which "people" ?

So maybe you would like to answer the question >> "
Would you rather see millions of people evicted from their rental homes & millions of business going out of business ?

You people. Statists.

 

[SweetTea]

Interesting how landlords are only 1/33 (3%) of the population, yet they (or their lawyers & aides) are about 70% of the population of this thread.
The silent majority needs to stop being so silent.

I don’t have a problem with the silent majority speaking up. I do have a problem with them believing they can dictate prices via government fiat.

The idea of any apartment being $3,000/month is insane.

I agree, but that is the way it is in many high cost cities. Keep in mind, these prices are in line with the cost of real estate and the cost of taxes. Why do you think HOA costs are so high on those who own apartments in NYC? It is because labor costs are exorbitantly high(unions) and those costs are past on to the owners.

The idea that a landlord needs a rent increase of $1000/month or even $200/month is ludicrous.

You obviously don’t own rental property.

State what inflated items must a landlord buy, that will cost him $1,000/month X let's say 100 apartments ($100,000), ie. $1.2 Million/year

The taxes and insurance combined on one of my properties increased $1800/yr in one year. That is a $150/mth increase just to net the same. That doesn’t include inflation, which has been particularly high among contractors that must be hired for repairs. I will honor my tenant’s 3-year lease agreement, but must increase the rent if they decide to renew as I am down at least $3600 profit for the two years that I had to eat when the taxes and insurance increased.

Who says that customers (of any commodity) should have to have the increased costs of a business dumped on them ? What gives the landlord the right to have his renters pay for his increased costs, while he gets off scot free from them ? It is only because he is selling a top NECESSITY that he is able to get away with this. For Non-necessities, the consumers just stop buying.

Are you implying that bread companies can’t raise their prices? Let me give you a hint. Prices are raised in most cases due to increased costs. Ironically enough, many of these increased costs are incurred from the very people that push for price freezing by asking for much higher wages for the same work. Those increases are passed along to the consumer. That is the way business works. For profit businesses are, by definition, created specifically to make money, not break even. I will need to increase the rent by a minimum of 11% to just break even for 1 year and not accounting for inflation.

 

[Couchpotato]

I don’t have a problem with the silent majority speaking up. I do have a problem with them believing they can dictate prices via government fiat.



I agree, but that is the way it is in many high cost cities. Keep in mind, these prices are in line with the cost of real estate and the cost of taxes. Why do you think HOA costs are so high on those who own apartments in NYC? It is because labor costs are exorbitantly high(unions) and those costs are past on to the owners.



You obviously don’t own rental property.



The taxes and insurance combined on one of my properties increased $1800/yr in one year. That is a $150/mth increase just to net the same. That doesn’t include inflation, which has been particularly high among contractors that must be hired for repairs. I will honor my tenant’s 3-year lease agreement, but must increase the rent if they decide to renew as I am down at least $3600 profit for the two years that I had to eat when the taxes and insurance increased.



Are you implying that bread companies can’t raise their prices? Let me give you a hint. Prices are raised in most cases due to increased costs. Ironically enough, many of these increased costs are incurred from the very people that push for price freezing by asking for much higher wages for the same work. Those increases are passed along to the consumer. That is the way business works. For profit businesses are, by definition, created specifically to make money, not break even. I will need to increase the rent by a minimum of 11% to just break even for 1 year and not accounting for inflation.

And you aren't even taking into account that the value of that profit is reduced due to the same inflation causing the increase in the first place.

 

[Toddsterpatriot]

Your “solution”’is the stupid part.

The takings clause. Individual property rights.

He's not very bright when he's whining about his poor planning.

 

[protectionist]

Your “solution”’is the stupid part.

The takings clause. Individual property rights.

And your solution is to have millions of people evicted from their rental homes, & millions of businesses going out of business ?
Yes, brilliant.

 

[protectionist]

You people. Statists.

And your solution also is to have millions of people evicted from their rental homes, & millions of businesses going out of business ?
What does that make you ? Got a name for it ? How about traitor ? Enemy ? Idiot ?

 

[protectionist]

And you aren't even taking into account that the value of that profit is reduced due to the same inflation causing the increase in the first place.

Bullshit! What causes $1000 rent increases is GREED.

What causes pretending that inflation causes $1000 rent increases is stupidity.

 

[protectionist]

I don’t have a problem with the silent majority speaking up. I do have a problem with them believing they can dictate prices via government fiat.

And you dont have a problem with millions of people evicted from their rental homes, & millions of businesses going out of business.

 

[protectionist]

I agree, but that is the way it is in many high cost cities. Keep in mind, these prices are in line with the cost of real estate and the cost of taxes. Why do you think HOA costs are so high on those who own apartments in NYC? It is because labor costs are exorbitantly high(unions) and those costs are past on to the owners.

Phony excuses. Greed is what is driving these rents so high. Nobody has cost increases of $200/month ($2,400/year) let alone $1000/mo ($12,000/yr). You think you're going to snow 78 year old ex-New Yorkers ?

 

[protectionist]

You obviously don’t own rental property.

I don't and if I ever had costs of $1000/mo, I'd know I was in the wrong business.

But I do own 2 other businesses, and have seen my sales plummet and disappear, over the last 3 years, from potential customers' spending money taken away by skyrocketed rents.

 

[protectionist]

Are you implying that bread companies can’t raise their prices? Let me give you a hint. Prices are raised in most cases due to increased costs. Ironically enough, many of these increased costs are incurred from the very people that push for price freezing by asking for much higher wages for the same work. Those increases are passed along to the consumer. That is the way business works. For profit businesses are, by definition, created specifically to make money, not break even. I will need to increase the rent by a minimum of 11% to just break even for 1 year and not accounting for inflation.

1. I never imply, insinuate, or infer anything, ever. If I hve something to say, I say it.

2. No, that is NOT the way business works, unless you are a worthless trashbag who hands his problems over to others.

3. 11% ? I'm talking about rent increases of 100-200% among thousands of rental properties.
Apartments here in Tampa that were $700/month in 2020, are now $2200/mo COMMON.

The one I lived in myself was $600/month when I moved out in 2021. Now it's $1600/mo. (167% inflation)

 

[Toddsterpatriot]

Bullshit! What causes $1000 rent increases is GREED.

What causes pretending that inflation causes $1000 rent increases is stupidity.

Greed has always existed. Why didn't rent increase that much 50 years ago?