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Bernie calls for national rent control

Lisa said:
Gen-X was the first generation. Millennials will be the 2nd.
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I am doing way better than my parents did and i am making more money than my dad did working his entire life.
Gen x is doing fine and not only fine but actually pretty good.
 
Parrish said:
Tens of millions are. You want to try living below the poverty rate? A family of 3-4 cannot make it on $23,550. If you were you wouldn't be posting here.
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With the median family income being 63k a year your argument falls apart.
If you are a family of 4 making 23k a year and i have been there you have to really budget yourself out.
i had a 2 bedroom apartment at the time. it means eating rice and beans. until you can find work that pays more.

which is what i did i found work that paid me more money and i went from 23k a year to 36k a year after over time and
shift bonuses.

then i grew in knowledge and skill in that job and now i make more than that,
and guess what i didn't stop. I gained more knowledge and skill and now i am looking for a job
that pays close to 6 figures based on that and i have the skill and knowledge to do it.

if you are still making 23k a year after 10-20 years of work it isn't the economy it is you.
i tell my manager that all the time. there are some people that like what they do and how they do it.
and they and they don't want more.

you can't complain about pay if that is all you want.
 
3leftsdoo said:
Disallowing gouging = Rent control

But the affordable housing crisis is real.
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affordable housing is only issues in big huge cities were pay is extremely high and cost of living is expensive.
if you are wanting to live downtown LA or NYC or Boston then you can expect to pay huge sums of money for housing.

it is the price you pay for living there. the issue is that there are enough people making that kind of money that they can afford to
pay the price to live there.
 
Napoleon said:
That’s no guarantee of anything as residents of Columbus have learned in recent years. Developers have gone into moderate and low income areas and built luxury apartments and condos that rent from $1,700 to over $4,000 per month.
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They can't build affordable housing, because what gets built isn't being decided by the market, it's decided by the government.

Construction of new homes and apartments lags far behind need in central Ohio - Business - The Columbus Dispatch - Columbus, OH

NIMBY-ism Will Kill Columbus Growth And Contribute To Skyrocketing Rents If Allowed

This is what liberals like yourself want - you want production decisions to be controlled by the government.

Well, you got it.
 
aociswundumho said:
Just when you think he can't get any worse:

Bernie Sanders on Twitter: "We need a national rent control standard now.… "


Rent control reduces the number of housing units, reduces the quality of housing units, and creates waiting lists. Sound familiar, Comrade?

How anyone would even consider voting for this guy is beyond my comprehension.





For a more technical discussion as to why rent control is very bad for society:


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A better solution:
1: Cut property taxes. Property taxes get added onto rent.
2: Cut the cost of utilities in cities where they are overpriced. These also get added onto rent.
3: Get rid of excessive zoning ordinances and building codes that make it difficult to build new houses.
4: Allow and encourage the construction of tiny homes.
5: Only allow condos in highly populated areas. Single family homes take up too much space for a small number of people.
6: Improve public transportation. People can then live farther away where rent is cheaper.
7: Give tax breaks to companies that offer work remote work and jobs in smaller cities.
 
Parrish said:
Tens of millions are. You want to try living below the poverty rate? A family of 3-4 cannot make it on $23,550. If you were you wouldn't be posting here.
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There are millions of people paying WELL below $750/month for rent and WELL above that too. Your area isn't one of the highest, more like in the mid-range. If you're a family of 4 making $23K a year, you're not living in places where the rent is that high.
 
ludin said:
I am doing way better than my parents did and i am making more money than my dad did working his entire life.
Gen x is doing fine and not only fine but actually pretty good.
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Indeed, you and your fellow Gen-X have considerably higher income than Boomers or Y:

Boomers $46,340; X $50,400; Y $34,430

• U.S. estimated average income, by generation 2015 | Statista

However, they have no more in liquid savings than others:

At less than $1,000

How much money Gen-Xers have in their savings accounts

And, X have less median net worth than Y, by quite a bit, percentage-wise, by 65%:

X $4,058; Y $6,682

The Net Worth of Gen X and Gen Y: Where Do You Stand?

Which puts X at the bottom of net worth with Boomers so much higher than Y:

Baby boomers''' wealth is 12 times greater compared to millennials

As the adage goes, it’s not what you make but what you save. Gas guzzlers and toys. The next shiny object. You can only reap what you sow.
 
aociswundumho said:
They can't build affordable housing, because what gets built isn't being decided by the market, it's decided by the government.

Construction of new homes and apartments lags far behind need in central Ohio - Business - The Columbus Dispatch - Columbus, OH

NIMBY-ism Will Kill Columbus Growth And Contribute To Skyrocketing Rents If Allowed

This is what liberals like yourself want - you want production decisions to be controlled by the government.

Well, you got it.
Click to expand...

Baloney. There is a shortage of affordable housing because developers are bulldozing low income areas of the city and building mid-rise and high-rise units they are charging up to $4K per month for. That high income historical neighborhood commissions like German Village, which has a median home value of around $500,000, are placing height restrictions on proposed development makes not a whit of difference. Kaufman doesn’t do low income development and those units would not be priced for low income renters. The reason for commission opposition is as stated in the article - the area doesn’t have the infrastructure to support the kind of development projects that Kaufman wants to slam in. The roads are narrow and still mostly cobblestone.

Yes, we do need the government to step in here because none of the developers are voluntarily building low income units despite displacing low income residents by tearing down their neighborhoods to build luxury housing. Unfortunately that means replacing the current government since they are bought and paid for by the same developers they’re supposed to be regulating. A local NPR host asked Mayor Ginther why Kaufman was being given tax abatements under the auspices of a neighborhood revitalization program to build luxury apartment and condo mid-rises in the Short North. He hung up the phone. Of course, that question is rhetorical since Kaufman bankrolled his election campaign along with most of the sitting members of City Council.
 
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Napoleon said:
Yes, we do need the government to step in
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If you want decisions to be made by politics, then the politically powerful are going to get their way.

Isn't that what we observe happening over and over and over again?
 
aociswundumho said:
If you want decisions to be made by politics, then the politically powerful are going to get their way.

Isn't that what we observe happening over and over and over again?
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Indeed, which is why those elected to such positions must be held to representing the people who elected them rather than political donors like Kaufman Development. There’s a robust grassroots effort to unseat and replace th current City Council for that reason.
 
This had not a damn thing to do with left anything... its about "stability within society", housing need is a national security element, necessary to the foundation of building family, be it a family of one person household or a family of many within a household... It also helps stop the active agenda of "discriminatory gentrification" and wealth dominance that diminishes the accessibility and development of a society that is not continually segregated by class status based on monetary divisiveness.

The general short sighted spin that ignorance promotes... is precisely what blinds so many and keep them in the make up of serfdom mentality, worshiping the wealthy and fighting to promote and sustain anything the wealthy craft and create to ensure that monetary based segregation remains and continues....

The only fix for this ignorance is "Time" ... as the old die out who have been long in-groomed with segregation ideals and the bias principle within those ideals, and those they have infected with such ignorance become agenda and their relevancy to influence young generation diminishes... Then society moves forward with greater understandings....

Currently people are still groups in a Savage Jousting Cycle and done so by the "Party Mentality" that is designed to promote "a perpetual jousting agenda'. Who suffers... is the "general public" while the wealthy continue on their plutocratic aspirations to enrich themselves and rule over the masses... as if the masses are their subjects.

America made grave mistakes during the 1700's and 1800's to allow "unchecked immigration of persons who had no idea or concept what Democracy in a Republic Form of Governance is, and had no concept other than an agenda to profit by any means. They came without regard or respect for what is Regulatory Governance, and they brought their obsessions with Feudalism. Some thought themselves as creating autocratic encampments, others promoted an agenda of plutocratic encampments and some came trying to promote various frames of religious denominational autocracy's. Many came with a worship of "money" as a delusion they could create their own forms of Monarchical frameworks, and infer upon themselves some delusion of a faux royalty based on the acquisition of monetary excess. This is the systems process of how ignorance brought from systems of autocracy, plutocracy, monarchy, Tyrannical and dictatorial systems arrived with lack of respect to understand what American Democracy it, or how its Republic form of governance functioned.
 
aociswundumho said:
Just when you think he can't get any worse:

Bernie Sanders on Twitter: "We need a national rent control standard now.… "


Rent control reduces the number of housing units, reduces the quality of housing units, and creates waiting lists. Sound familiar, Comrade?

How anyone would even consider voting for this guy is beyond my comprehension.
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He's really going off the cliff. The government simply can't effectively set prices. That's one thing all economists would agree with.
 
aociswundumho said:
Yes. Let builders increase the number of housing units.
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Except that builders are rational people and being rational people want to maximize their return. They don’t maximize their return by building lots of houses that sell for 75K. They maximize it by building fewer McMansions on less acerage.
 
San Francisco has rent control, how is that working out?
 
3leftsdoo said:
An ACA for housing - WHAT could go wrong...

:shock:
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The same wrong thing that went so with the ACA. More people get affordable coverage, called "shelter". You can add "health" to "food, clothing and shelter" to complete the basic necessities.
 
bluesmoke said:
Indeed, you and your fellow Gen-X have considerably higher income than Boomers or Y:

Boomers $46,340; X $50,400; Y $34,430
However, they have no more in liquid savings than others:
Click to expand...

Does not negate the point i was addressing and is non sequitur.

And, X have less median net worth than Y, by quite a bit, percentage-wise, by 65%:

X $4,058; Y $6,682
Click to expand...

See previous comment

Which puts X at the bottom of net worth with Boomers so much higher than Y:

As the adage goes, it’s not what you make but what you save. Gas guzzlers and toys. The next shiny object. You can only reap what you sow.
Click to expand...

see previous comment.

have a nice day.
 
AmNat said:
If you reduce demand you reduce prices.
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There are not that many immigrants that if they are deported it will reduce demand in any meaningful way.


LOCK HIM UP!
 
3leftsdoo said:
You're complaining about 2BR dwellings at $750 @ mo? :shock:

Tens of millions want that problem...
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You mean those living above the poverty line? Of course they'd like a reasonable rent. But they wouldn't want to live where the poor live.
 
JasperL said:
Supply and demand curves. Look them up.

So would killing off the first born of every family. Or a plague, or an earthquake and tsunami that wiped out a few million people. And so would building a bunch of additional housing units.
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California real estate. Educate yourself. :)

Spectacularly bizarre - bravo! :usflag2: The hits keep coming! Possibly - it depends.
 
AmNat said:
Yep. So build more houses for Americans and send the foreigners back to wherever they came from.
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More affordable housing plus removal of illegals = A plan

:thumbs:
 
JasperL said:
I'll not join you in scapegoating immigrants for the problems of affordable housing.

How about we send the farmers who employ them back to where they came from, or you and me who buy cheaper food and milk, or the hotel owners and guests who have their rooms cleaned, or the chicken plants owners who employ them to work on grueling assembly lines?

If we care about "illegals" then let's care about it, and start ruining some lives of the Red Blooded Americans who actually like having immigrant workers because they make them lots of money, until there's a problem, then we blame the immigrants for that and not the people who attract them here with jobs and a decent living, because why the hell not - dirty f'ing immigrants coming here like all our ancestors did for a better life! **** THEM!! Trump is the poster child for this hypocrisy.

We can have reasonable debates about immigration policy, but I find the scapegoating of them for our own problems frankly disgusting.
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They're part of the problem - no question. :shrug:

Bizarre/irrelevant comments.

More odd comments, but when it comes to Trump or ANY employer utilizing illegals, severe punishment should attach.

More bizarre comments which deny reality on the topic.

Millions of illegals are a significant part of the affordable housing crisis, and also the ongoing flat wage crisis which fuels the problem further.

This is reality.
 
Napoleon said:
That’s no guarantee of anything as residents of Columbus have learned in recent years. Developers have gone into moderate and low income areas and built luxury apartments and condos that rent from $1,700 to over $4,000 per month. City Council finally added an “affordable” housing unit clause to developer abatements but their definition of “affordable” is based on a renter income that is 4 times higher than the Federal poverty line. So all that’s happened is the displacement of moderate and low income residents as more and more of these luxury developments go up.
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It's a huge problem, and as with illegals (whose presence worsens the problem considerably), politicians are doing NOTHING but pander.
 
distraff said:
A better solution:
1: Cut property taxes. Property taxes get added onto rent.
2: Cut the cost of utilities in cities where they are overpriced. These also get added onto rent.
3: Get rid of excessive zoning ordinances and building codes that make it difficult to build new houses.
4: Allow and encourage the construction of tiny homes.
5: Only allow condos in highly populated areas. Single family homes take up too much space for a small number of people.
6: Improve public transportation. People can then live farther away where rent is cheaper.
7: Give tax breaks to companies that offer work remote work and jobs in smaller cities.
Click to expand...

Some thoughtful comments.
 
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