Posted on 01/04/2015 11:48:07 AM PST by Olog-hai
Cynthia Chaffee’s Manhattan apartment would likely go for more than $5,000 a month if the landlord charged market price. But Chaffee pays thousands less thanks to the city’s long-standing rent stabilization rules—regulations that will expire this year if lawmakers don’t act.
The 63-year-old paid $300 a month when she moved into the one-bedroom space in 1978. To Chaffee, the rules governing how much she and more than 2 million other New York City residents pay in rent protect the city’s diversity and character. […]
The laws governing the rent paid by Chaffee and more than 2 million other New York City residents are due to expire June 15, and state lawmakers are preparing for what could be a bruising debate over whether to renew, strengthen or weaken them. …
(Excerpt) Read more at hosted.ap.org ...
Why not stop rent control, and section 8 and let rents find their own equilibrium.
Lawmakers should acct to get the government the hell out of the business of setting rents altogether.
“Rental prices across the country are already highly inflated due to the subsidies some receive.”
Been that way for a couple of decades, now.
Section 8 subsidy determines the floor for rents, and everything goes up from their. If you want that kind of a renter, you set your rates accordingly, if you don’t, you go higher.
Like Ann Coulter said about that Garner case:
“Lesson to be learned: Never come between a liberal and taxes”
So true, because it was DeBlasio along with the city council who demanded cops arrest people who sell loosies. And if you can believe it, the city council had the gall to take to the streets and protest when things went wrong!
http://observer.com/2014/12/city-council-members-block-traffic-to-protest-eric-garner-decision/
Its New York.
Who cares?
This kind of stuff has been entrenched in NY for decades, even centuries. Rent control in particular started way back in the 1920s.
Thanks. Mostly Dem strongholds from what I can see. Figures.
Of course, they’ll renew the rent controls. The place is run by socialists. They love controls — and their constituents demand them.
Government has no right to interfere with the ability of someone to set a price for something he wants to sell.
That way, our Masters would be kept busy re-passing the laws they really liked, instead of passing new ones to oppress us further.
Sounds a bit like how longshoreman’s union jobs are passed down . . .
Rent control causes housing shortages.
I guess that’s why liberals like it.
(G)radual abolition of all the distinction between town and country by a more equable distribution of the populace over the country. …Pushing (or as Obama is fond of saying, “nudging”) the middle class out of the cities and into the suburbs via sprawl was just the start of that.
Agreed Myrddin!
Yep. Rent control is liberal, socialist engineering crap.
And you see people with these huge apartments paying a pittance for rent, who find ways to keep it “in the family”.
All price controls of all kinds should be abolished. But as you said, they aren’t going to give up without a fight.
All your property are belong to us.
do the taxes and maintenance costs on these buildings also reflect 1978 price levels??
I knew a landlord who put in a whole new heating system in his building. He petitioned the rent control board to raise his rents because of the improvement and his cost. The board determined that his new system would be more efficient and they dropped his rents.
Rent controlled units are not for poor people. They’re for friends of the politicians and board members or for those who are able to pay off the superintendents.
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