Posted on 04/16/2022 10:35:59 AM PDT by John Semmens
While general inflation year-over-year is up 8.5% and producer prices have increased 11.2%, rents in many major cities have gone up 17%.
President Biden says he's "not too concerned. My rent is paid up until January of 2025 and I have an expense account to cover my other needs."
Press Secretary Jen Psaki pointed out that "several other initiatives that the President and other Democrats have taken led to decreases in rent in selected areas. The exodus of residents from high-tax and high-crime cities like New York and San Francisco have eased the burdens of rent in those cities. It has been the Democratic Party that has enabled these lower rents. The above average tax rates in these locations were enacted by Democrats—many times over the strident, but ineffective objections of minority Republicans. The more lenient attitude toward persons accused of committing crimes was another successful initiative of our Party. No-bail release of suspects and early release of convicted felons helped create conditions prompting the fearful to leave town. We hope voters will remember what we've done for them to ensure that rents in Democrat-run cities are not too damn high."
"Republican-run states shunned and often fought against measures we championed," Psaki pointed out. "Now their red-state voters will be the ones to suffer. Once these voters comprehend the folly of voting GOP they will return Democrat majorities in Congress, state legislatures, governors' chairs, city councils, and mayors' offices up and down ballots everywhere."
If you missed any of the other Semi-News/Semi-Satire posts you can find them at...
https://www.gopbriefingroom.com/index.php/topic,467159.0.html
“The Rent is too damn high!”
Companies and landlords can pass off their inflation losses onto the little guy, who have no recourse to pass it on to anyone else.
As a small-time landlord, retired from a regular job, an inflation protected income stream was my exact plan when I bought rentals.
Anyone in the US can do this, all that is required is to save 20% of your earnings and only go on vacations once every 10 years, adding the extra money to your other savings. I was the "little guy" for 40 years, but I clawed my way out of it.
Your "little guy" gets pay raises every year, that is how he passes it on.
Wages have been stagnate for nearly 30+ years.
Btw, where did ya get this? Personally speaking, I had one job where I went 4 years with zero pay increase.
Most years I got pay increases. Some years there were none. Some years there was forced time off. But when inflation raged, there were always increases.
And, when times were tough and there were no increases, rent was stable or even declined.
But my major point was that a landlord who passes on inflationary rent increases is not an evil man, only one who has planned, worked and saved. All great virtues in the USA.
No one implied or claimed they were evil. I only stated the truth, companies and landlords can pass off their inflation losses onto the little guy, who have no recourse to pass it on to anyone else.
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