National rent control? The usual suspects think it is a great idea. What say you?

[Markle]

It worked for Trump, right?

???

 

[Markle]

A small one bedroom in Atlanta is $1400 plus utilities. Wages and salaries will increase or we'll have lots of homeless people.

Folks commute. Some, a short distance. Others, well over an hour each way.

 

[surada]

Folks commute. Some, a short distance. Others, well over an hour each way.

You can certainly commute an hour or two in any direction and the rent on a small one bedroom is $1400 plus utilities.

 

[Polishprince]

You can certainly commute an hour or two in any direction and the rent on a small one bedroom is $1400 plus utilities.

How far would you have to commute to find a 1400 apartment if you worked in Manhattan- a rent control environment?

If rents are too high, people can share apartments, rent sleeping rooms, trailers or find an old lady willing to take in boarders.

 

[surada]

How far would you have to commute to find a 1400 apartment if you worked in Manhattan- a rent control environment?

If rents are too high, people can share apartments, rent sleeping rooms, trailers or find an old lady willing to take in boarders.

In a one bedroom apartment?

 

[Polishprince]

In a one bedroom apartment?

Probably not. But in a 6 bedroom house, she might be able to rent a room for night shift or day shift at a rate much lower than an individual would pay alone in a 1 br.

 

[Markle]

You are better off buying.

Not feasible for many people and not because they can't afford it but for other reasons. Also, after decades of experience in the profession, some folks don't have the discipline to own a house.

 

[Baron Von Murderpaws]

It mattered not who was president when I bought...

I never said it did.

 

[Markle]

House purchase prices down -- already topped. Accelerated decline should interest rates rise further .

More people might be forced to rent but this market might still be forced into a downward spiral simply because the recession this year will mean millions of people with not enough money to eat, pay energy bills and current rents .

Therefore the need to introduce rent controls might be overtaken by events, all of which could see a drop in purchase prices and rents . But imho .

You're right that home prices are tending downward.

For decades I have followed the Case-Shiller Index and it has proven to be very accurate.

 

[Toddsterpatriot]

A small one bedroom in Atlanta is $1400 plus utilities. Wages and salaries will increase or we'll have lots of homeless people.

100% vacancy rate, right?

 

[1srelluc]

I don’t think such a law would be constitutional

That never stops a leftist dem....Hell it doesn't even slow them down.....The Constitution isn't even a suggestion to leftist dems.

They know it takes two years plus for everything to be hashed out in the courts.

 

[Delldude]

This will only work if they have an incentive to install electric stoves.

 

[task0778]

National rent control? The usual suspects think it is a great idea. What say you?​

Biden rolls out 'Renters Bill of Rights' as lawmakers push for federal rent control laws​

JENNIFER SCHONBERGER
January 25, 2023, 8:38 AM

[...]

Nearly 50 progressive lawmakers, including Sen. Elizabeth Warren (D-MA) and Rep. Alexandria Ocasio-Cortez (D-NY), sent a letter to Biden earlier this month urging the president to take executive action to protect tenants from rising rents.

Biden rolls out 'Renters Bill of Rights' as lawmakers push for federal rent control laws

The Biden administration on Wednesday announced new actions aimed at tackling rental affordability, which comes as some progressive lawmakers push for a national rent control plan.

www.aol.com

Would it help or exacerbate the problem?

When you institute rent controls you end up with less new housing and less maintenance for existing properties. That's not an opinion, that's historical fact.

 

[EvilCat Breath]

People will no longer see rental property as a good investment. Eventually the government will become the national landlord and everyone will live in something like the projects.

 

[Quasar44]

People will no longer see rental property as a good investment. Eventually the government will become the national landlord and everyone will live in something like the projects.

Yes !!
the new Maoist world order

 

[Moonglow]

???

Remember 2020?

 

[Moonglow]

People will no longer see rental property as a good investment. Eventually the government will become the national landlord and everyone will live in something like the projects.

Right now those overloads are screwing the renters.

 

[Lisa558]

You can certainly commute an hour or two in any direction and the rent on a small one bedroom is $1400 plus utilities.

That’s a two-bedroom. You can share an apartment.

 

[Lisa558]

While we’re at it, why not put grocery prices on “food control”? Or gas on “fuel control”?

 

[The Duke]

National rent control? The usual suspects think it is a great idea. What say you?​

Biden rolls out 'Renters Bill of Rights' as lawmakers push for federal rent control laws​

JENNIFER SCHONBERGER
January 25, 2023, 8:38 AM

[...]

Nearly 50 progressive lawmakers, including Sen. Elizabeth Warren (D-MA) and Rep. Alexandria Ocasio-Cortez (D-NY), sent a letter to Biden earlier this month urging the president to take executive action to protect tenants from rising rents.

Biden rolls out 'Renters Bill of Rights' as lawmakers push for federal rent control laws

The Biden administration on Wednesday announced new actions aimed at tackling rental affordability, which comes as some progressive lawmakers push for a national rent control plan.

www.aol.com

Would it help or exacerbate the problem?

More government never helps.