View Poll Results: Is the Rent Too Damn High?

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  • Yes, and his mutton chops should run as Deputy Mayor!

    12 57.14%
  • Yes, and he'll lower it with his impressive karate skills!

    6 28.57%
  • Yes, and legal marriage shouldn't exclude a person and their footwear!

    3 14.29%
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Thread: Is the Rent Too Damn High?

  1. #21
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    Re: Is the Rent Too Damn High?

    Whoever get's the "rents to damn high" t-shirts out is going to make bank.
    Let evil swiftly befall those who have wrongly condemned us

  2. #22
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    Re: Is the Rent Too Damn High?

    Quote Originally Posted by MaggieD View Post
    Our economy is so broken, and has been for a loooong time, that many middle-Americans need two jobs to pay their bills. Some parents are both working two jobs just to make ends meet. There's something intrinsically wrong with that picture.
    Because they're buying more stuff than ever and more expensive stuff than ever.

    As for rent, the problem is zoning laws. It's an example of restricted supply, pure and simple.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  3. #23
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    Re: Is the Rent Too Damn High?

    Quote Originally Posted by phattonez View Post
    Because they're buying more stuff than ever and more expensive stuff than ever.

    As for rent, the problem is zoning laws. It's an example of restricted supply, pure and simple.
    I sure agree with your first sentence. That is soooo true. To many's detriment, I'm afraid. We've listened to well to the government who calls us "consumers." I really don't have much to say about rentals....they're probably just fine, actually. I think his statement, at least to me, resonated to the whole cost-of-living thingie.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

  4. #24
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    Re: Is the Rent Too Damn High?

    Quote Originally Posted by Cephus View Post
    That's ridiculous, apparently some people don't comprehend the basics of capitalism. If people are willing to pay high prices, that's what will be charged. If these apartment owners have 50% empty apartments, they'll lower prices to attract new renters. It's supply and demand. When people are willing to buy at high prices, prices stay high.
    Not quite. There is a built in demand for housing and the market prices can be manipulated by a lack of people providing housing at a lower value.
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  5. #25
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    Re: Is the Rent Too Damn High?

    Quote Originally Posted by Cephus View Post
    That's ridiculous, apparently some people don't comprehend the basics of capitalism. If people are willing to pay high prices, that's what will be charged. If these apartment owners have 50% empty apartments, they'll lower prices to attract new renters. It's supply and demand. When people are willing to buy at high prices, prices stay high.
    Capitalism only works when people are culturally conditioned to value decency, so that some sense of community moderates the pursuit of their material self-interest. Greed without any moral limits only leads to the injury and destruction of society, and by extension, to capitalism.
    Last edited by Morality Games; 10-20-10 at 05:42 PM.
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  6. #26
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    Re: Is the Rent Too Damn High?

    Quote Originally Posted by Morality Games View Post
    Capitalism only works when people are culturally conditioned to value decency, so that some sense of community moderates the pursuit of their material self-interest. Greed without any moral limits only leads to the injury and destruction of society, and by extension, to capitalism.
    What role does competition play except in forcing this morality?

    I mean yeah, if it was up to me then for my company's sake I would pay everyone $0.01 an hour. However, the other factory across the street is paying people $1 an hour and so I'm not getting any applicants for my job. No production = no profit. Competition forces me to offer wages that are near marginal productivity.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  7. #27
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    Re: Is the Rent Too Damn High?

    Quote Originally Posted by phattonez View Post
    What role does competition play except in forcing this morality?

    I mean yeah, if it was up to me then for my company's sake I would pay everyone $0.01 an hour. However, the other factory across the street is paying people $1 an hour and so I'm not getting any applicants for my job. No production = no profit. Competition forces me to offer wages that are near marginal productivity.
    Decency requires empathy, not economic laws.

  8. #28
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    Re: Is the Rent Too Damn High?

    Quote Originally Posted by Hoplite View Post
    Not quite. There is a built in demand for housing and the market prices can be manipulated by a lack of people providing housing at a lower value.
    Does no one this entire forum understand competition?! If you can live in a similar house for $500,000 instead of $600,000 then you're going to live in the $500,000 house. You cannot have prices that are above market value unless you want to operate at a loss!

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  9. #29
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    Re: Is the Rent Too Damn High?

    Quote Originally Posted by megaprogman View Post
    Decency requires empathy, not economic laws.
    Economic laws force the morality. That's the part that no one seems to understand. I'm not going to buy from the factory that kills babies if for a few more cents I can purchase from the baby-safe factory.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  10. #30
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    Re: Is the Rent Too Damn High?

    Quote Originally Posted by phattonez View Post
    Economic laws force the morality. That's the part that no one seems to understand. I'm not going to buy from the factory that kills babies if for a few more cents I can purchase from the baby-safe factory.
    There are numerous examples of immoral companies that have not only been defended in their immorality but have also gotten away with it. Heck, look at the thread about cell phone companies charging people crazy rates for overages.
    Last edited by tacomancer; 10-20-10 at 08:18 PM.

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