Posted on 01/18/2023 4:56:30 PM PST by karpov
Progressive Democrats in Congress, led by Sen. Elizabeth Warren (D–Mass.) and Rep. Jamaal Bowman (D–N.Y.), are urging the White House to marshal all available organs of the regulatory state to impose rent control on the entire country.
A letter authored by the two, and signed by 50 members of Congress, proposes seven actions of varying radicalism and legality that President Joe Biden could take to cap rent increases.
"We urge your Administration to pursue all possible strategies to end corporate price gouging in the real estate sector," reads the January 9 letter to Biden. "Simply put, the rent is too high and millions of people across this country are struggling to stay stably housed as a result."
The pandemic saw the federal government dramatically expand its role in rental housing markets by imposing eviction moratoriums and allocating billions in funding for rent relief and housing for the homeless.
The letter from Democrats in Congress echoes demands by left-wing housing activists to retain and expand on those emergency interventions. The post-pandemic increase in rents, they argue, represents an ongoing emergency that demands a robust federal response.
In August 2022, the National Housing Law Project (NHLP) and the National Low-Income Housing Coalition (NLIHC) sent their own letter to Biden administration officials, making the case for many of the same interventions Congressional Democrats are calling for now.
Chief among them is a demand that the Federal Housing Finance Agency (FHFA), the independent regulator and conservator of Fannie Mae and Freddie Mac, impose anti-price gouging protections (aka rent control) and "just cause eviction standards" on properties with government-backed mortgages.
(Excerpt) Read more at reason.com ...
More disaster coming
Ex post facto
Stupid Commie bastards!!!
property tax control too... right???
Another step in the march to Civil War II.
They could just nationalize the housing stock and declare that all former private property now belongs to The State which will determine the best use for each residence.
They should pass a law to limit Inflation.
The Great Compromise strikes again, only flaw in the Constitution. But at the time the Founders didn’t think that the senate would be controlled by political parties rather than the states like today. Repealing the 17th would be a start...
Jamaal and Elizabeth should be tied to trees and horsewhipped.
National rent control would turn all affected housing into dilapidated wrecks—but it might take a few years.
Bring back tar and feathers
What? Limit to $49,910 a month?
Abortions and college loan debt forgiveness won a lot of votes in the midterms. Michigan went from long time GOP control of the state House and Senate to Dems in both, plus reaffirmed the disgusting Whitmer as governor.
Now rent control.
Why not full wage and price controls?
And the Five Year Tractor Replacement Plan and Wheat Plan from Stalin applied to Red states by the government?
The thrills of progressive people’s planning are on the horizon as our fearless leaders reach down to pull up our hands and bring us upward mightily to greater and greater glories of the state.
🤩👨🌾🛠️🚜🚛🚚🍆🥔🏭🏗️🏢🏡🏡🏬🏩🌇🍞🥣🌈👭🧑🤝🧑🥳
Couldn’t they find an American to give the powah to?
People will just stop renting out their properties. Everything will either become a hotel or condos instead. And if you can’t afford one of those options, well, California is very welcoming to tent people I hear.
Is this a plan by Blackstone Group to make their housing more profitable? With private equity financing, no Federal control. Ability to raise rents.... plus more demand for nicer properties. Interesting
BOOM!
Good riposte!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.