How is this idea constitutional?
Inflation is a reality and the politicians aren’t going to be silent or passive.
Of course by spending too much money the same said politicians created the inflation that forces rents up to begin with.
Under these laws, there will be two worlds. The clean and maintained and crime free white picket fence communities like marthas vineyard where connected democrats live and the endless litter strewn graffiti stretches of new cabrini green
Re-open the oil spigots and ‘Drill, Baby! Drill!’
Reverse every EO Brandon signed that negated what President in Exile Trump had put into place.
Stop the Green Deal foolishness.
And all of these self-inflicted economic and inflation problems will disappear overnight!
But, nobody ever asks me...
If you like renting your home you can keep it. End of quote. End of line.
They already tried this with the eviction moratorium and the Supreme Court shot it down. I doubt that if the CDC’s enabling legislation failed to give the CDC power to stop evictions it gave the CDC power to limit rent.
But there you go. Screw the Courts (unless they support the Left).
The government has screwed up immigration so there are too many people needing homes. The government has screwed up our monetary system so inflation is on fire. Now the government would like to screw up the rental market.
Morons with single dimensional thinking … they do not think of the 2nd and 3rd order consequences. It’s really pathetic. They create more problems while ignoring the root problems that they caused.
“You’ll own nothing and be happy!”
After 40 years I no longer own any rentals and I’m happy!
I was happy when I owned them but between age, large realized equity and ongoing govt interference I’m happy to be out of them.
Watching for a nice piece of rural land with water rights as a replacement. I’d rather rent land to a farmer and get to recreate on some of it than rent apartments to city dwellers.
This is a great way to totally collapse the housing market. Limited return in investment rentals and they all get dumped on the market.
This is all part of their Marxist plan.
I won’t link to it but look at this sick stuff from leftvoice.org December 2, 2019:
How Would Lenin Solve the Housing Crisis?
“Bernie Sanders and Elizabeth Warren have both presented ambitious plans to solve the housing crisis in the U.S. They want to introduce rent controls and spend trillions on public housing. But, since they both believe in the free market, they intend to leave housing in the hands of private landlords. How would revolutionary socialists solve the housing crisis?
Lenin’s vision of a revolutionary workers’ state can also be applied to New York City. Under specific historical circumstances, a social democratic government could offer certain improvements—but these will be fiercely clawed back by the capitalists. A workers’ government, on the other hand, could turn housing into a public good, administered democratically by working people.
The program of a socialist government would include tenants’ organizations controlling rents and distributing vacant apartments to people without homes. In the same way, workers at transport companies, hospitals, and schools would run their own workplaces, ending low wages and precarious employment. Massive investments in public housing and infrastructure would be financed by nationalizing the banks and taxing the rich.
Ending the rule of the capitalists would mean that the right to a home, health care, a meaningful job, and an education would apply to all people, regardless of their immigration status. The available work would be distributed among all people available to work, thus ending unemployment while reducing working hours.
As socialists, we will support every concrete measure to make housing more affordable and better for working people. But progressive measures will only be secure if we fight for them as part of a strategy to expropriate private property, and make housing a public good. As Lenin explained a century ago, it is the workers themselves who can make such a program a reality.”
So prospective landlords won’t build new units then...and will simply let their existing units go to pot.
They’re communists, not “progressives.”
Will this rent control policy apply to the guy renting out a 3 bedroom house to 10 unrelated day-laborers??
The President is NOT an elected dictator. Only Congress can make laws; and, in theory, only if they are Constitutional.
Where is the authority for this?
This is one of those magical “no unintended consequences” rules, right?
Does that apply to all owners of apartments?
“Massachusetts socialist Ayanna Pressley, who wants a nationwide rent moratorium, recently collected thousands of dollars from rental properties she owns.”
An average 20-30 year old can not afford the housing I did at that age. Many are still living with their parents.
At some point, reality will have to intrude on the housing market. The bubble needs to burst.
This is a symptom of the bubble. Frustrated people are being made to return to offices that they can not afford to live near. I do not agree with the solution, but we as conservatives needs to acknowledge the problem.