Biden Proposing 5% Cap on Housing Rents

[protectionist]

You're bonkers.

Now you're reduced to throwing names around, because you have no sensible argument to make. I've shut you up.

You are an opponent of US businesses, and you didn't even know it.

 

[protectionist]

You’re a conservative who wants the Government to violate the Constitution so ton can pay lower rent?

I see no violation of the Constitution. What section o th Constitution are you referring to ? (if any)

 

[protectionist]

All rent control has done for places like NYC is that it has provided affordable rent to a lucky few people among the public but mostly people with connections to politicians. There are numerous cases where the relative of a city council member is able to get a coveted unit. It basically becomes a cronyist system of favors.

How would you know ? I was raised from birth in a rent controlled apartment in New York City, and my father had no connections to anybody, nor did thousands of people in rent controlled buildings in my neighborhood. All the buildings were fine for decades. See Post # 182.

 

[Lone Wanderer]

How would you know ? I was raised from birth in a rent controlled apartment in New York City, and my father had no connections to anybody, nor did thousands of people in rent controlled buildings in my neighborhood. All the buildings were fine for decades. See Post # 182.

There is a wealth of evidence as to why rent control doesn't work.

Rent control remains the wrong solution to housing woes

Rent control is having something of a moment. But reviving bad policy doesn't make it less dumb than it was in past incarnations.

reason.com

Whatever short term gains a few people get from it are not worth the long term costs to the market and the economy.

 

[protectionist]

There is a wealth of evidence as to why rent control doesn't work.

Whatever short term gains a few people get from it are not worth the long term costs to the market and the economy.

1. The wealth of evidence is thousands of apartment buldings in NYC under rent control for almost 100 years, and all perfectly fine & profitable, amd still that way right now.

2. It is not a "few people" It is the majority of Americans (112 Million renters + over 100 Million business owners/stockholders).
And it is not short term gains. Sam Ash Music got run out of business from sky-high housing rents, after being in business fo 100 years.

Rent control started in New York City in the 1920s, and continues partially today. For most of the last century, the entire city was rent controlled, and there were no "long term costs to the market and the economy."

In fact, it was just the opposite. Overall, the economy was good, and all the markets (of all commodities) were healthy, due to the large amount of disposable income that consumers had to spend.

Now, we have just the opposite of that. Without any rent caps, and rents running wild, consumers dont have money to spend, those sales are down all over, and businesses like Sam Ash are going out of business.
I used to sell 8 paintings a year. I havent sold a single one in 2022-2024.

www.artpal.com/cats2475

 

[dblack]

I see no violation of the Constitution. What section o th Constitution are you referring to ? (if any)

The one that doesn't say anything about rent control.

 

[Toddsterpatriot]

1. The wealth of evidence is thousands of apartment buldings in NYC under rent control for almost 100 years, and all perfectly fine & profitable, amd still that way right now.

2. It is not a "few people" It is the majority of Americans (112 Million renters + over 100 Million business owners/stockholders).
And it is not short term gains. Sam Ash Music got run out of business from sky-high housing rents, after being in business fo 100 years.

Rent control started in New York City in the 1920s, and continues partially today. For most of the last century, the entire city was rent controlled, and there were no "long term costs to the market and the economy."

In fact, it was just the opposite. Overall, the economy was good, and all the markets (of all commodities) were healthy, due to the large amount of disposable income that consumers had to spend.

Now, we have just the opposite of that. Without any rent caps, and rents running wild, consumers dont have money to spend, those sales are down all over, and businesses like Sam Ash are going out of business.
I used to sell 8 paintings a year. I havent sold a single one in 2022-2024.

www.artpal.com/cats2475

1. The wealth of evidence is thousands of apartment buldings in NYC under rent control for almost 100 years, and all perfectly fine & profitable, amd still that way right now.

How many new rent-controlled buildings were built since WWII?

And it is not short term gains. Sam Ash Music got run out of business from sky-high housing rents, after being in business fo 100 years.

Sam Ash didn't rent houses you stupid ****.

 

[Lone Wanderer]

1. The wealth of evidence is thousands of apartment buldings in NYC under rent control for almost 100 years, and all perfectly fine & profitable, amd still that way right now.

2. It is not a "few people" It is the majority of Americans (112 Million renters + over 100 Million business owners/stockholders).
And it is not short term gains. Sam Ash Music got run out of business from sky-high housing rents, after being in business fo 100 years.

Rent control started in New York City in the 1920s, and continues partially today. For most of the last century, the entire city was rent controlled, and there were no "long term costs to the market and the economy."

In fact, it was just the opposite. Overall, the economy was good, and all the markets (of all commodities) were healthy, due to the large amount of disposable income that consumers had to spend.

Now, we have just the opposite of that. Without any rent caps, and rents running wild, consumers dont have money to spend, those sales are down all over, and businesses like Sam Ash are going out of business.
I used to sell 8 paintings a year. I havent sold a single one in 2022-2024.

www.artpal.com/cats2475

Rent control for the rich

Plus: Fort Collins tries passing zoning reform for the third time, Coastal California cracks down on Airbnbs, and state lawmakers try to unban rent control.

reason.com

 

[Couchpotato]

I see no violation of the Constitution. What section o th Constitution are you referring to ? (if any)

I’ve already said this. The takings clause.

 

[TNHarley]

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 ?

Traitor? Enemy? Idiot?
Because I pick the Constitution and the restraint of federal power over your whining? lolz
"im super far right but I want the government to control the housing market, religion, clothing etc" You are a joke old man.

 

[Couchpotato]

1. The wealth of evidence is thousands of apartment buldings in NYC under rent control for almost 100 years, and all perfectly fine & profitable, amd still that way right now.

2. It is not a "few people" It is the majority of Americans (112 Million renters + over 100 Million business owners/stockholders).
And it is not short term gains. Sam Ash Music got run out of business from sky-high housing rents, after being in business fo 100 years.

Rent control started in New York City in the 1920s, and continues partially today. For most of the last century, the entire city was rent controlled, and there were no "long term costs to the market and the economy."

In fact, it was just the opposite. Overall, the economy was good, and all the markets (of all commodities) were healthy, due to the large amount of disposable income that consumers had to spend.

Now, we have just the opposite of that. Without any rent caps, and rents running wild, consumers dont have money to spend, those sales are down all over, and businesses like Sam Ash are going out of business.
I used to sell 8 paintings a year. I havent sold a single one in 2022-2024.

www.artpal.com/cats2475

So you want the Government to intervene and strip out the profits of an industry so that you can sell your worthless paintings?

 

[SweetTea]

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

Nobody has cost increases of $200/month ($2,400/year) let alone $1000/mo ($12,000/yr).

I gave you an example of my costs increasing nearly $200/mth in 1 year by an increase in taxes and insurance and NOT accounting for inflated costs of maintenance nor general inflation that affects me when I spend the rent proceeds.

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

You are lost. Yes, that is exactly how for-profit business works.

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)

This is the free market at work. Democrats coming from high rent areas moved to FL. They have driven up the costs of rents and real estate. Existing home owners are selling their homes for huge profits because the market will bear it. My state has the same issue. Real estate AND rents have gone up tremendously in the last 4 years due to an influx of people moving from very high cost of living blue states to my state. Would it be greedy of me to sell my rental properties now before rent control policies take over so I can get top dollar for them or would that just be a smart business move?

 

[Couchpotato]

I gave you an example of my costs increasing nearly $200/mth in 1 year by an increase in taxes and insurance and NOT accounting for inflated costs of maintenance nor general inflation that affects me when I spend the rent proceeds.



You are lost. Yes, that is exactly how for-profit business works.



This is the free market at work. Democrats coming from high rent areas moved to FL. They have driven up the costs of rents and real estate. Existing home owners are selling their homes for huge profits because the market will bear it. My state has the same issue. Real estate AND rents have gone up tremendously in the last 4 years due to an influx of people moving from very high cost of living blue states to my state. Would it be greedy of me to sell my rental properties now before rent control policies take over so I can get top dollar for them or would that just be a smart business move?

Don't you realize that if you take your profits he wont be able to sell his paintings? WTF is wrong with you?

 

[protectionist]

The one that doesn't say anything about rent control.

OK. Then rent control has nothing to do with th Constitution.

 

[protectionist]

Rent control for the rich

Plus: Fort Collins tries passing zoning reform for the third time, Coastal California cracks down on Airbnbs, and state lawmakers try to unban rent control.

reason.com

Interesting how people who advocate wrong things, often make statements directly opposite to the truth and then, (with a straight face), expect people to swallow it) No boys . Rent control is not for the rich. And very few renters are rich.

Homeowners have a much higher net worth than renters do -- the median for a homeowner in 2022 was $396,200, versus just $10,400 for renters.

Study: Homeowner Wealth Is 40 Times Higher Than Renters

Most owners have earned more than $100,000 in equity over the last decade, but discrepancies among racial groups persists, according to new NAR data.

www.nar.realtor

 

[protectionist]

I’ve already said this. The takings clause.

Stretttttttch. The last clause of the 5th Amendment says that private property shall not be taken. Caps on rents dont "take" property. They limit rent increases.

 

[Toddsterpatriot]

Homeowners have a much higher net worth than renters do -- the median for a homeowner in 2022 was $396,200, versus just $10,400 for renters.

It's true, you're still paying for your poor choices in life.

 

[Toddsterpatriot]

I asked for Section (ie. Article, Section, Clause, or Amendment) These are numbers.

nor shall private property be taken for public use, without just compensation.

The 5th Amendment you stupid ****.

 

[protectionist]

Traitor? Enemy? Idiot?
Because I pick the Constitution and the restraint of federal power over your whining? lolz
"im super far right but I want the government to control the housing market, religion, clothing etc" You are a joke old man.

I'm not comfortable with the idea of rent caps, but sometimes you have to pick the lesser of 2 evils. That would be rent caps to bring extremist landlords back down to earth. And that is less of an evil than > millions of people evicted from their rental homes, & millions of businesses going out of business (some after 100 years).

When you get to be an "old man", you will have learned to appreciate the forest, in addition to any individual tree, young man, as well as the danger of bypassing common sense, to stick rigidly to a chosen ideology, no matter how sensible it is, ALMOST all the time.
No charge for the tutoring.

 

[Toddsterpatriot]

View attachment 983158View attachment 983157 I'm not comfortable with the idea of rent caps, but sometimes you have to pick the lesser of 2 evils. That would be rent caps to bring extremist landlords back down to earth. And that is less of an evil than > millions of people evicted from their rental homes, & millions of businesses going out of business (some after 100 years).

When you get to be an "old man", you will have learned to appreciate the forest, in addition to any individual tree, young man, as well as the danger of bypassing common sense, to stick rigidly to a chosen ideology, no matter how sensible it is, ALMOST all the time.
No charge for the tutoring.

Liar. Commie.