Lets create a national housing shortage.
The Democrats need to be called what they are, the anti-freedom party.
Sanders proposes a national cap on annual rent increases to 1.5 times the rate of inflation or 3 percent—whichever is higher.
Actually that sounds pretty good to Landlords. Gives license for an automatic rent increase of 3% every year. And if inflations comes back will be higher.
FDR has risen!
Do they have rent control in Vermont, Bernie? I know there is rent control in New York, the city you ran away from when you finished college so you could move to Vermont, the whitest part of America.
Didn’t work in Canada, won’t work here!
Keep hammering those nails home there burnee! Easy to talk s**t when you have 3 houses and possibly #4 in the offing when the democommie party bones you yet again. Ah yes. A nice dacha on a lake. Oh, he has that already.
The US Constitution does not empower the federal government to regulate rents in the States. Does Sanders think he’ll get a rent-control Amendment?
Screw this old communist fart.
I would hate to be a renter the day after the election. Ouch.
And I would hate to be a landlord during a time of escalating interest rates and inflation. (Because we can only stay at 3.45% for so long!)
What I most object to is requirements to pay people to move, eviction procedures which are long, expensive and drawn out... That is seizing private property.
Owner occupied evictions should be the same as an eviction at a hotel. You call the cops, the cops say you're leaving now, pack. Out and done. Forcing someone to live with someone who is being forced out is insanely stupid.
Non-owner occupied evictions should be a few days at most for non-payment; payment for additional time should be optional for the property owner and through the court. A month's notice for someone on month to month rent is not ideal, but it should be the most required.
This is where the theft of private property is happening.
And mind you, fixing the eviction system fixes the housing system. Sure, a few times a year you'll have sob articles about how a single mom was being evicted with her new baby. Right, got it. But by fixing the eviction system, those who have been evicted before can finally re-enter the rental market rather than being limited to pretty much only hotel rooms.
Why would you rent to someone who's had an eviction before if your state's system requires a 2-4 month long procedure to get them out (and skip paying rent during that time too.) The average eviction costs $4,000, excluding the lost rent and repairs required. Fix the system, you fix a whole lot of people who can't get rentals.
As for first in time polices (hey, Seattle), bans on criminal background checks (hey, Seattle...), stop. All those bans do is...absolutely nothing. First and foremost, federal housing requires background checks - the government gets more rights than the people? Seattle, you gonna win in court over this? Nope. And property owners are still going to do it, they're just going to do it when no one is looking. They'll change application dates and times to put someone else first in line, etc.
There should be commie control. Like don’t let them control anything.
That's nice...will he also limit property tax increases to the same?
These Democrats running for President - they've been in the Senate or House and could have introduced a bill on the very things they want now while running for President.
Follow Venezuela's example Bernie. Seize those boxes
of Charmin before they hoarded by those greedy
capitalist rich white people and business owners.
Under what Constitutional authority? The Interstate Commerce Clause?
What interstate commerce comes from renting an apartment?
What is really crazy is that the advocates for this don’t realize how badly this hurts individual renters.
I rent for a host of reasons. It makes sense for me.
I paid for a year at once at a former property and negotiated a discount on monthly rent when I did that. I have a neighbor in my building who signed a long-term, multiyear lease with a good monthly rate.
Put in rent control and these types of opportunities disappear, not to mention declines in service and keeping buildings up to date if costs outpace rental income.
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.