Worst Economies in the World

[Andylusion]

Who says it is? How many Californian's do you imaging live in houses on the beach? There are lot's of lower income folks living two or three families to a house. When I was contracting in San Francisco, a lot of the consultants on my project were sharing a bedroom - not an apartment, a bedroom.

Yeah, that's some good living there.

Because Frisco has very high rents. People are willing to pay the high rents to live there. The misery index usually gets worse in right to work for less, republican run states.

Rents are high because the state and local government severely limit the amount of housing that can be built there.

And people are still willing to pay the high rents in the good areas. Real Estate 101. Turn off fox news and listen to us experts.

Yep, rich people can pay those prices. What about people who clean hotels for a living?

It's really tough on working stiffs. Another reason for raising the minimum wage.

Which would cause them to lose their jobs. That' will be much easier on them when they earn zero.

 

[Andylusion]

Cuba doesn't have a fungible currency, so inflation is a meaningless concept there. Mexico isn't that bad of a place to live for most of it's people. The poverty is concentrated near our border, so Americans think Mexico is wallowing in poverty.

When you contrast and compare to Uganda. Apparently you haven't really been to Mexico. There are only two ways to accomplish wealth in Mexico, criminal activity and/or foreign investment, like every third world country.

BBC Radio 4 - MINT The Next Economic Giants Mexico - Brave New World

BBC did a full documentary on Mexico's growing economy. You should listen to it, and be less ignorant.

 

[bripat9643]

Cuba doesn't have a fungible currency, so inflation is a meaningless concept there. Mexico isn't that bad of a place to live for most of it's people. The poverty is concentrated near our border, so Americans think Mexico is wallowing in poverty.

When you contrast and compare to Uganda. Apparently you haven't really been to Mexico. There are only two ways to accomplish wealth in Mexico, criminal activity and/or foreign investment, like every third world country.

BBC Radio 4 - MINT The Next Economic Giants Mexico - Brave New World

BBC did a full documentary on Mexico's growing economy. You should listen to it, and be less ignorant.

What would I learn, that you're a pretentious ass? Nope, I already know that.

 

[OnePercenter]

Regulations that limit the supply of housing. For instance, regulations that mandate large tracts of land to be reserved as "open space." There are also regulations limiting building height, especially in old San Francisco. That means fewer housing units per square mile. Rent control is another regulation that limits housing. It prevents landlords from kicking out tenants and building a bigger building. A variety of regulations—minimum lot sizes, maximum building heights, parking mandates, restrictions on renting out basements, and so forth—place an upper bound on the number of units of housing that can be built in any given municipality in the Bay Area.

Zoning and safety?

How does rent control limit housing?

 

[Andylusion]

Cuba doesn't have a fungible currency, so inflation is a meaningless concept there. Mexico isn't that bad of a place to live for most of it's people. The poverty is concentrated near our border, so Americans think Mexico is wallowing in poverty.

When you contrast and compare to Uganda. Apparently you haven't really been to Mexico. There are only two ways to accomplish wealth in Mexico, criminal activity and/or foreign investment, like every third world country.

BBC Radio 4 - MINT The Next Economic Giants Mexico - Brave New World

BBC did a full documentary on Mexico's growing economy. You should listen to it, and be less ignorant.

What would I learn, that you're a pretentious ass? Nope, I already know that.

My post was to onepercenter.

 

[OnePercenter]

Nope. It's because there is a shortage of living space. It's purely the result of supply and demand. The supply is limited in the Bay Area.

It's greed.

 

[OnePercenter]

Right, that's because they haven't entirely adopted the left-wing agenda like Venezuela has.

They aren't third world countries.

 

[OnePercenter]

BBC Radio 4 - MINT The Next Economic Giants Mexico - Brave New World

BBC did a full documentary on Mexico's growing economy. You should listen to it, and be less ignorant.

I'll believe my business partners in Mexico. Mexico's economy is somewhat growing, but only for the rich.

 

[Andylusion]

Regulations that limit the supply of housing. For instance, regulations that mandate large tracts of land to be reserved as "open space." There are also regulations limiting building height, especially in old San Francisco. That means fewer housing units per square mile. Rent control is another regulation that limits housing. It prevents landlords from kicking out tenants and building a bigger building. A variety of regulations—minimum lot sizes, maximum building heights, parking mandates, restrictions on renting out basements, and so forth—place an upper bound on the number of units of housing that can be built in any given municipality in the Bay Area.

Zoning and safety?

How does rent control limit housing?

Well.... for one, if you lower the incentives (profit) that a land lord can make by building, or buying housing or an apartment complex... then you are less likely to do so. Thus there are fewer houses and apartments to rent.

Equally, if you are already a land lord, and rent control reduces how much you can charge, you are less likely to invest into maintaining the housing or apartments.

The three buildings in the middle of this photo, are abandoned apartments. Obviously at one point they had windows, and people living in them.

But the costs of maintaining a building do rise, whether the government puts rent control in place or not.

When the cost of maintaining the building goes above the revenue that can be collected for rent.... the owner of these buildings is not going to bankrupt himself, and destroy his life on a money losing enterprise. Instead, he'll simply stop maintaining the buildings.

He can't sell the buildings, because no one will buy a rent controlled apartment complex.... for the same obvious reasons.

Thus the buildings are kept until they no longer bring in enough money to bother with. Usually the owner then deserts the properties, which end up being owned by the city, and the city then tries to sell them, with the same result that no one will touch them, and you end up with three perfectly usable apartment buildings that could be fixed up and rented out to people who need homes to live in... but instead are abandoned eye-sores in a city full of homeless people.

 

[Andylusion]

BBC Radio 4 - MINT The Next Economic Giants Mexico - Brave New World

BBC did a full documentary on Mexico's growing economy. You should listen to it, and be less ignorant.

I'll believe my business partners in Mexico. Mexico's economy is somewhat growing, but only for the rich.

Yes of course. I knew that when given a documentary by the BBC, with a well known Ph.D economist Jim O'Neill, who is a member of the European international economic board, Chief Economist for a number of international agencies, was named in top 50 influential people by Bloomberg, spent several years research the MINT economies, which includes Mexico.... but no no.... no none of that matters because your "business partners" said otherwise.

Yeah, and they say that Americans economy is only growing for the Rich, and UKs, and Euros, and Russia's and China's, and on and on and on.

The poverty rate in Mexico, by the last numbers I saw, have declined from 20% to about 5%. So apparently it's not just the rich benefiting.

By the way... if you really believe that, then are you not harming your fellow man by engaging with your 'business partners' in Mexico? You are the evil rich that hold the poor Mexicans down What a terrible rotten person you are.

 

[OnePercenter]

Yes of course. I knew that when given a documentary by the BBC, with a well known Ph.D economist Jim O'Neill, who is a member of the European international economic board, Chief Economist for a number of international agencies, was named in top 50 influential people by Bloomberg, spent several years research the MINT economies, which includes Mexico.... but no no.... no none of that matters because your "business partners" said otherwise.

Yeah, and they say that Americans economy is only growing for the Rich, and UKs, and Euros, and Russia's and China's, and on and on and on.

The poverty rate in Mexico, by the last numbers I saw, have declined from 20% to about 5%. So apparently it's not just the rich benefiting.

By the way... if you really believe that, then are you not harming your fellow man by engaging with your 'business partners' in Mexico? You are the evil rich that hold the poor Mexicans down What a terrible rotten person you are.

Three years ago, the poverty rate in Mexico was 45.5%.

Here is more current, far more than you posted.

Poverty in Mexico - Wikipedia the free encyclopedia

 

[Andylusion]

Nope. It's because there is a shortage of living space. It's purely the result of supply and demand. The supply is limited in the Bay Area.

It's greed.

That's the universal answer to every problem by the left.

The problem is, if greed is the reason there is a lack of low cost housing, then why was the low cost housing that does exist, ever built?

Are you suggesting that before the rent control laws, greed didn't exist, and everyone was altruistic? Thus they built all these apartments, but then suddenly... magically, when the rent control laws were passed, everyone became greedy....?

That's not logical. Sorry.

 

[Andylusion]

Yes of course. I knew that when given a documentary by the BBC, with a well known Ph.D economist Jim O'Neill, who is a member of the European international economic board, Chief Economist for a number of international agencies, was named in top 50 influential people by Bloomberg, spent several years research the MINT economies, which includes Mexico.... but no no.... no none of that matters because your "business partners" said otherwise.

Yeah, and they say that Americans economy is only growing for the Rich, and UKs, and Euros, and Russia's and China's, and on and on and on.

The poverty rate in Mexico, by the last numbers I saw, have declined from 20% to about 5%. So apparently it's not just the rich benefiting.

By the way... if you really believe that, then are you not harming your fellow man by engaging with your 'business partners' in Mexico? You are the evil rich that hold the poor Mexicans down What a terrible rotten person you are.

Three years ago, the poverty rate in Mexico was 45.5%.

Here is more current, far more than you posted.

Poverty in Mexico - Wikipedia the free encyclopedia

That's wiki.

But I take your point. I think the numbers I saw were of a different definition.

Mexico Approaches Middle Class Country Status - ABC News

Try this one.

That's a good sign. Clearly not "rich only".

Another very good trend. Obviously things got a bit worse after the global slow down. But there's no way you can claim that shows "rich only" benefiting.

So according to Mexico's own numbers, the middle class is well over 35% of the population, almost 40%. That's clearly not "rich only".

Is that not a fair assessment? What do you think?

 

[bripat9643]

Nope. It's because there is a shortage of living space. It's purely the result of supply and demand. The supply is limited in the Bay Area.

It's greed.

That's the universal answer to every problem by the left.

The problem is, if greed is the reason there is a lack of low cost housing, then why was the low cost housing that does exist, ever built?

Are you suggesting that before the rent control laws, greed didn't exist, and everyone was altruistic? Thus they built all these apartments, but then suddenly... magically, when the rent control laws were passed, everyone became greedy....?

That's not logical. Sorry.

Isn't it curios how greed is only a problem in cities and states run by liberal Democrats?

 

[OnePercenter]

That's the universal answer to every problem by the left.

The problem is, if greed is the reason there is a lack of low cost housing, then why was the low cost housing that does exist, ever built?

Are you suggesting that before the rent control laws, greed didn't exist, and everyone was altruistic? Thus they built all these apartments, but then suddenly... magically, when the rent control laws were passed, everyone became greedy....?

That's not logical. Sorry.

Greed is the reason why there is low cost housing. Remember, regulations are written because someone at sometime screwed someone over. If wage disparity weren't a fact, would there be a need for low cost housing?

 

[OnePercenter]

So according to Mexico's own numbers, the middle class is well over 35% of the population, almost 40%. That's clearly not "rich only".

Is that not a fair assessment? What do you think?

That leaves 60%+ for the rich and poverty level. So I'm correct.

 

[OnePercenter]

Isn't it curios how greed is only a problem in cities and states run by liberal Democrats?

Except 22% of Texans are uninsured, the highest percentage in the nation.

ALL of the top ten working class poor States are red.

 

[bripat9643]

Isn't it curios how greed is only a problem in cities and states run by liberal Democrats?

Except 22% of Texans are uninsured, the highest percentage in the nation.

ALL of the top ten working class poor States are red.

That's because they have large populations of blacks and Hispanics. Are you going to blame that on Republicans?

 

[OnePercenter]

That's because they have large populations of blacks and Hispanics. Are you going to blame that on Republicans?

Is Texas population of blacks and Hispanics larger per capita than any other State? I thought California had the highest percentage of Hispanics.

 

[Andylusion]

That's the universal answer to every problem by the left.

The problem is, if greed is the reason there is a lack of low cost housing, then why was the low cost housing that does exist, ever built?

Are you suggesting that before the rent control laws, greed didn't exist, and everyone was altruistic? Thus they built all these apartments, but then suddenly... magically, when the rent control laws were passed, everyone became greedy....?

That's not logical. Sorry.

Greed is the reason why there is low cost housing. Remember, regulations are written because someone at sometime screwed someone over. If wage disparity weren't a fact, would there be a need for low cost housing?

That's not true at all. People claim to be screwed over every time they do something dumb, and face the consequences of their actions.

Very few regulations are due to someone being screwed over. And even then, those regulations usually create more screwed over people, than they ever help.

It's like CARD act. You fail to pay your balances on time, and they double your interest rate, because you are now a default risk.

Instead of accepting that you screwed yourself, you blame the credit card companies, and Washington passes the card Act, which results in what.....

Credit Card Interest Rates Up CARD Act to Blame MyBankTracker

If the Credit Card companies can't raise rates on those who fail to pay on time, then they have to raise rates on everyone.... and they did.

So now, thanks to leftist regulation billed to help people who were screwed over... now everyone is screwed over. Thanks Leftists!

Same thing happened with "Gender Equality" in the EU.

Car insurance why women face 300 rise in premiums Money The Guardian

Making a law that prevents companies from charging different prices for different genders, resulted in women drivers getting a massive $500+ a year premium increase.

Thanks Leftists! You sure protected them from being screwed! By screwing them even more, and it's required by law!

Federal mandated leftwing screw job. Thanks! You care so much.

See, the problem with the left view, is that you think that the reason people charge differing rates is all about "greed". In reality, there are market forces that cause those rates.

When you mandate that two groups of people be charged the same, the company will never lose money by lowering the price, to the lower of the two groups. Instead, they are going to raise the price of the group that originally had the lower cost, up to the price of the higher.

In the 1800s, the trains had the long-haul short-haul differential. The cost to buy a ticket from Chicago to New York, was drastically more expensive if you bought a non-stop "long-haul" ticket. If you instead, bought short-haul tickets, from one stop to another to another to another, the price was a fraction of the cost.

The noble leftists of the day, arguing to prevent gouging of customers, passed a law preventing the long-haul short-haul differential.

What do you think happened? They raised the prices of the short-haul tickets, up to the cost of the long-haul tickets.

Now everyone can be screwed, not just those that want a non-stop trip. Well done Lefitsts.

This is universally how it works.