COMMUNIST PARTY OF AMERICA.
Posted on 02/02/2020 7:01:13 AM PST by Kaslin
Presidential candidate Bernie Sanders wants to impose national rent control. He unveiled the policy proposal last September and recently reiterated his support via Twitter.
Sanders proposes a national cap on annual rent increases to 1.5 times the rate of inflation or 3 percent—whichever is higher.
Ironically, the article Sanders tweeted out attributes increasing rent prices, in part, to government control over the private housing market. This irony reinforces what many economists already know to be true: the left’s prescriptions for lowering housing prices are precisely what keeps prices high and supply low.
Rent control would be a flagrant infringement of American property rights and a vast expansion of the federal government's control over the private housing market.
The government should have no role in determining rental costs. All governments are ill-equipped to consider the many visible and invisible factors that determine the market price of a rental property.
What enforcement mechanisms would come down on the American people under a national rent control bureaucracy? If a local landlord, for whatever reason, fails to comply with the new federal standard, what kind of punishment would ensue? Might the IRS garnish his wages? Would he be fined out of business? Put in jail?
None of that passes the smell test is because none of it feels like it's an appropriate use of the federal government's power nor is it even within the scope of power that the government ought to operate in.
Sanders wants to create a new bureaucracy inside HUD which will involvemassive administrative costs. Enforcing rent control requires an elaborate bureaucracy—especially on a national level. To take an example of one city, San Francisco's Rent Arbitration Board can expect to bring in over $5 million in order to enforce rents on 170,000 rent units. The National Multifamily Housing Council explains, “Rental property must be registered; detailed information on the rental property must be collected; elaborate systems for determining rents and hearing complaints and appeals must be established.”
Sanders has proposed a myriad of dangerous, government-expanding policies. National rent control is one that has gotten very little media coverage, despite the dire effects of such a policy.
Rent control hurts the very people it aims to help. The housing market in rent-controlled cities is defined by dissatisfaction, maddening trade-offs, and paycheck-consuming prices.
If rent control on the local level causes increases in rent prices and limits housing supply, it’s not hard to imagine just how severe the effects would be on a national scale, when the federal government tries to impose Manhattan-type rent control policy on Thurmond, W. Va.
Even the socialist Swedish economist Assar Lindbeck said, “In many cases rent control appears to be the most efficient technique presently known to destroy a city – except for bombing.”
20 million illegals hurts a lot more.
I have to compete in globalist labor market and it is about time our babied tractor monkeys do the same. F them.
I moved in next to a guy who owned a company that did irrigation piping for a lot of the big growers. He had herds of Mexicans doing work.
He was aghast I actually hired white men and aghast that I actually paid them something. What a cheap bastard.
Steve Forbes came here right after Trump was elected sniveling on television about the Bracero program. Another cheap bastard.
Don’t disagree. But being a multi unit owner and a good landlord does not make you a bottom feeder.
Back when I was a young investor, during the “Masters of the Universe” phase, it was THE way to become a millionaire in 10 years.
And no one got hurt.
In terms of much money I have, you’re a bottom feeder.
A factory worker, a college professional and a small business going under to cheap foreign legal and illegal trafficking of humans and goods is just as tragic as a farmer losing his farm to debt and foreign competition. It’s brutal dog eat dog globalist world that the Globalist Republicans created so GET OVER IT FARMERS.
I actually hire white men and I pay them.
That’s what it actually boils down to.
Imposing rent controls will only accomplish one thing. It will eliminate available units for rent. The number of rentals available will dry up.
Owners and landlords will simple not rent their units or sell them off.
Happens every single time the government tries to control the price of a commodity in the economy.
What about the millions of leases in effect that have terms about rent increases? Change one item, nullify the lease?
They figured out that lower prices of non-existent gasoline wasn't the solution.
There's a bunch of radical Leftists running that state as well.
They figured out that lower prices of non-existent gasoline wasn’t the solution.
There’s a bunch of radical Leftists running that state as well.
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That ‘smells’ of the old Soviet...
We pretend to work and they pretend to pay us.
The utopia party are the 3T party talk taxes troubles but never answers they can produce.
When I read this I hear Frank Sinatra singing, “Fly Me to the Moon.” Soothing......
Happens every single time the government tries to control the price of labor with illegal aliens in the economy.
How many illegal do the property management companies employ to do the maintenance in Santa Monica?
Don’t worry about Venezuela, there are millions of refugees the RINOS and Democrats are salivating over for cheap labor.
California has price controls on labor, it’s called illegal aliens in plain English . . .
And in even plainer English the big growers demand local governments subsidize farm worker housing for their illegal labor.
Property management companies are bottom feeding scums.
Go ahead, expound on this some more. My belief is that people who hate rental owners are lazy, good-for-nothing deadbeats.
I worked hard to earn the money I used to buy my rentals. I saved up and when there was a dip in the housing market DW and I would spend months looking for a good property. Priced right, just the right kind of disrepair that we could fix ourselves with lots of "sweat equity", and a motivated seller. But also in a basically decent neighborhood that might even have appreciation potential over the long haul.
Neighbors loved us because we took an eyesore property right next to them and make it look good. They didn't like that we were going to rent it -- no one does. But when the housing market is in the doldrums and the distressed property next to you is vacant and going downhill, sometimes that is a better choice than anything else on the table.
Owning rentals is a business that we started up and ran successfully. If someone doesn't like my prices or the service I provide, they are free to go elsewhere. And I don't rent to people with your attitude. If you don't like that, earn your own down payment and buy your own house.
When someone doesn't like my rental policies, prices, or rules they don't ever seem to see the decades of work, and business choices that led to success. But they are always 100% in favor of the government taking the result of that work away from me and redistributing it to them.
If you really want to see a housing crisis, go ahead and get rid of all the landlords.
I have more money than you do . . . You’re a bottom feeder.
I can hire nice white people to work for me.
20 million illegal aliens are causing a housing crisis.
I’m sure your wetback labor works hard too.
COMMUNIST PARTY OF AMERICA.
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