It's Happening Again - Homes Lost - Some Rent Control Needed

[protectionist]

It was a bad idea in 1946, a worse idea today.

Never been a better idea than right now, with out of control skyrocketing rents, and housing saturation. Get forced out of your home, with nowhere to go, and you'll shut your mouth about "bad idea"

 

[protectionist]

No, you haven't understood. The renter has a right to voice demands but he/she has no power to bring about those demands A 'renter' as such is not a part of the capitalism deal.

The renter's organisation, whatever that will be, can be a party to capitalism.
Then that organisation can apply pressure that can adjust 'supply and demand'.

So I think you now understand well enough to be able to discuss the question further!

And now fwiw, forced rent controls is a dictatorial solution to the problem.

And on a bright note, the American capitalist property owner can't take his buildings to China!

He can sell off his buildings and take the proceeds to China and build new rental units there, if that could be practical and profitable?.

What part of any deal anybody is, is a matter of what the American people, or the people of a state or city want it to be. Government of the PEOPLE, by the PEOPLE, for the PEOPLE. Not government of the landlords.

 

[protectionist]

You can always move. We don't have rent controls or price controls either. That's really not the way capitlism works. If your landlord has too many vacant apartments, he may get off the rate, but that doesn't help you in the immediate future..

Cannot move to anywhere relatively close by. Housing market is SATURATED. There is no rental housing available, that is anything close to affordable. In my case, I don't even have a car, and believe me, I'm not the only one.

Maybe YOU could "move". That doesn't mean everybody else can.

I'm contemplating moving to another state that hasn't been attacked by thousands of in-migrants and a housing crisis, but it ain't gonna be easy.

As for capitalism, I know how it works, I owned my own business for 12 years, but the US is a combination of capitalism & socialism , with socialism intervening where and when needed. It's needed here and now, big time.

 

[Toddsterpatriot]

Never been a better idea than right now, with out of control skyrocketing rents, and housing saturation. Get forced out of your home, with nowhere to go, and you'll shut your mouth about "bad idea"

As cities become ever-more expensive, politicians and housing advocates keep calling for rent control. Economists think that’s a terrible idea. They say it helps a small (albeit noisy) group of renters, but keeps overall rents artificially high by disincentivizing new construction. So what happens next?

Why Rent Control Doesn’t Work - Freakonomics

Why Rent Control Doesn’t Work - Freakonomics

freakonomics.com

 

[protectionist]

The renter has zero right to limit rent.

Shut the fuck up, ASSCLOWN. What right the renter has to limit rent, is a matter of democracy. If the PEOPLE decide they want rent control, then rent control it is. And you can go fuck yourself, you greed freak scum.

 

[Toddsterpatriot]

What part of any deal anybody is, is a matter of what the American people, or the people of a state or city want it to be. Government of the PEOPLE, by the PEOPLE, for the PEOPLE. Not government of the landlords.

Not government of the landlords.

Exactly!!!

This is America, screw private property!!!

 

[Toddsterpatriot]

What right the renter has to limit rent, is a matter of democracy.

I agree!

Property is theft, eh comrade?

 

[protectionist]

It sure is a weird idea, isn't it?

The most "weird idea" is landlords raising rents 45%, 64% 100%, and even more than that, and morons sitting blabbering that that is OK, while people are forced out of their homes.

 

[Concerned American]

when you're being forced out of your home where you've been living for years

The property is worth what someone is willing to pay for it. If you are living there and don't want to pay what it is worth, then it is time to find another place to live.

 

[Toddsterpatriot]

and morons sitting blabbering that that is OK, while people are forced out of their homes.

their homes.

I underlined your error.

 

[Concerned American]

The most "weird idea" is landlords raising rents 45%, 64% 100%, and even more than that, and morons sitting blabbering that that is OK, while people are forced out of their homes.

It is not YOUR home. "Your" insinuates ownership. You don't own it. Would you think it would be right if you owned an ounce of gold that you bought at $32 but you were limited at what you could sell it for in a market where it was worth $2K?

 

[protectionist]

While I empathize with your plight, one point that you have not mentioned is the fact that the previous owner had rents set to cover the costs of his business based upon the purchase price that he paid years ago. In the current market, the new owner paid a greater amount for the same property so of course his prices increased as well. The only answer is that tenants should create a hedge on their housing costs and purchase a home. After all that is what you are doing for your landlord and he gets the hedge--not you. Rent money is money thrown down the shitter and it leaves you vulnerable to the whims of the property owner. Home ownership allows you to gain equity in the property plus your housing costs do not increase. If you are worried about losing something, just look at it this way. What do you have now? What do you have to lose?

Sorry but this thread is not talking about "owners", "costs of business", it is talking about the poeple who are being forced out of their homes.

As for me I have been preapproved for a VA loan but only up to $90K. Still it looks like I can mange to come up with a house but only by moving hundreds of miles away, which is going to be difficult.

Question is, what about the thousands of people leaving their homes who aren't veterans, can't a VA loan, and don't even have an income as high as mine ? Buy a tent, so some landlord can move from a $2 million home, to a $3 million home? Sick.

 

[protectionist]

I told him he needs to move somewhere cheaper/get a roommate. Maybe both.

Oh just take some inconvenience? Go a step down ? Let the landlord take the inconvenience?

Your idea.

 

[protectionist]

All of these things are subjective dependent on where you are. If you were in SF or Seattle, you couldn't get a cardboard shack for $850 a month. If you think you are not getting $850 in value, by all means, go down the street to where you can find that value, no one is forcing you to stay.

They are forcing us to leave, but there's nowhere to move to.

 

[eagle1462010]

Sorry but this thread is not talking about "owners", "costs of business", it is talking about the poeple who are being forced out of their homes.

As for me I have been preapproved for a VA loan but only up to $90K. Still it looks like I can mange to come up with a house but only by moving hundreds of miles away, which is going to be difficult.

Question is, what about the thousands of people leaving their homes who aren't veterans, can't a VA loan, and don't even have an income as high as mine ? Buy a tent, so some landlord can move from a $2 million home, to a $3 million home? Sick.

So the VA zero down worked then. That is good.

 

[Concerned American]

Sorry but this thread is not talking about "owners", "costs of business", it is talking about the poeple who are being forced out of their homes.

As for me I have been preapproved for a VA loan but only up to $90K. Still it looks like I can mange to come up with a house but only by moving hundreds of miles away, which is going to be difficult.

Question is, what about the thousands of people leaving their homes who aren't veterans, can't a VA loan, and don't even have an income as high as mine ? Buy a tent, so some landlord can move from a $2 million home, to a $3 million home? Sick.

What is sick is the fact that you believe it is my responsibility that you, for whatever reason, do not have a place to live. I am not your parent, I didn't take you to raise. Have you ever heard of personal responsibility and consequences. Grow up. My goodness, you're 75 years old.

 

[protectionist]

As cities become ever-more expensive, politicians and housing advocates keep calling for rent control. Economists think that’s a terrible idea. They say it helps a small (albeit noisy) group of renters, but keeps overall rents artificially high by disincentivizing new construction. So what happens next?

Why Rent Control Doesn’t Work - Freakonomics

Why Rent Control Doesn’t Work - Freakonomics

freakonomics.com

It helps a LARGE group of renters (all over most parts of the country). Landlords are stabbing the American people, especially older Americans, who have been paying taxes all their lives, while renting to rich foreigners, newly arrived with Biden's open doors.

These people never served in our military, never paid a dime to the US treasury, never worked here and helped our society to function, and they're getting the red carpet rolled out for them, by unscrupulous, money hungry landlords, in exchange for VOTES for Biden. Really sucks.

 

[Concerned American]

They are forcing us to leave, but there's nowhere to move to.

Stand up for yourself man.

 

[protectionist]

Not government of the landlords.

Exactly!!!

This is America, screw private property!!!

Private property is not a 100% right. If an interstate needs to be built, your private property is trash. If somebody decides to build a bowling alley next door to you, or a train track, goodbye to your peace and quiet. (and your property value)

There's plenty of ways that private property can be disaffected.

 

[protectionist]

I agree!

Property is theft, eh comrade?

No, it just has to adjust to things at certain times, without the landlords crying like a little baby who just lost a piece of his candy.