Now he's proposing nationwide rent control. He wants to limit increases in rent to 5%.
Biden Proposes Nationwide Rent Control - WSJ
"...another classic White House policy contradiction: Subsidize housing, then discourage its development."
Someone on this board asked me one time about me not voting for Trump, and I said there were other candidates I could never vote for, like Liz Warren, or AOC. Biden's policies are looking more and more like they come straight from AOC.
The answer to rising rent is to get more housing built, to bring supply and demand into balance. Not to discourage the development of housing.
For me, this is another nail in the coffin. I can't vote for Biden.
Can anyone on this message board defend a policy of nationwide rent control? I dare you.
Let’s be perfectly clear, Biden is only doing what he’s told. This isn’t a Biden proposal, it’s a desire by the far left who are pulling his mentally declining meat puppet strings.
At this point Biden is just a mumbling, semi-coherent mouthpiece. The question is who is pulling the strings behind the curtain?
The landlords will have the option to increase rent more than 5%, they will just pay higher taxes if they do.
That said, like Marty, I don't support a policy like this at all.
I support policies that get more units built and then I trust supply and demand to figure it out.
But my trust isn't 100%.
We have this anti-competitive rent price collusion going on with RealPage. In a more just world, there would be swift court decisions putting RealPage out of business, and forcing the landlords who used it to return some money to renters. Trump should have made sure they were shut down back in 2017.
In their zeal to reduce or eliminate regulations on business, Republicans lately have been blind to fraudulent, anti-competitive, and kickback-based practices that are rampant in today's economy. And Democrats haven't helped either.
Builders can't build how they desire because bidens policies have crushed interest rates.
Socialism/communism has failed everywhere but the classrooms. Rent control is the same. If you do not believe me just go visit rent control buildings in New York. I would suggest touring two buildings about the same age of each. The difference is unmistakable and the actual savings in rent for the consumer is not as much as you think. NYCB is a bank that has loans on a lot of them and is working thru this issue. Many are just going to be torn down and new buildings rebuilt.
(07-18-2024, 07:50 AM)StroudCrowd1 Wrote: [ -> ]Builders can't build how they desire because bidens policies have crushed interest rates.
Exactly. Building is happening, but not quickly enough in most places. It would be faster if interest rates were lower, however, there is a risk that lower interest rates for builders might lead to spiralling inflation on building materials. The whole supply chain needs to be looked at. No one has thought it through. Republicans haven't either.
(07-18-2024, 08:50 AM)mikesez Wrote: [ -> ] (07-18-2024, 07:50 AM)StroudCrowd1 Wrote: [ -> ]Builders can't build how they desire because bidens policies have crushed interest rates.
Exactly. Building is happening, but not quickly enough in most places. It would be faster if interest rates were lower, however, there is a risk that lower interest rates for builders might lead to spiralling inflation on building materials. The whole supply chain needs to be looked at. No one has thought it through. Republicans haven't either.
There is already spiraling inflation on building materials. You haven't gotten out much, huh?
Also, the loophole here is to simply not renew a tenant and reset the rent at "market value". Like all liberal policies, the little man takes the beating at the end of the day.
(07-18-2024, 08:52 AM)StroudCrowd1 Wrote: [ -> ] (07-18-2024, 08:50 AM)mikesez Wrote: [ -> ]Exactly. Building is happening, but not quickly enough in most places. It would be faster if interest rates were lower, however, there is a risk that lower interest rates for builders might lead to spiralling inflation on building materials. The whole supply chain needs to be looked at. No one has thought it through. Republicans haven't either.
There is already spiraling inflation on building materials. You haven't gotten out much, huh?
There was 2 years ago. There isn't now. But it could easily come back.
(07-18-2024, 09:28 AM)mikesez Wrote: [ -> ] (07-18-2024, 08:52 AM)StroudCrowd1 Wrote: [ -> ]There is already spiraling inflation on building materials. You haven't gotten out much, huh?
There was 2 years ago. There isn't now. But it could easily come back.
Have you put on a roof or made any improvements to your home over the past 2 years? If you have, you wouldn't make the statement you just did
(07-18-2024, 09:32 AM)StroudCrowd1 Wrote: [ -> ] (07-18-2024, 09:28 AM)mikesez Wrote: [ -> ]There was 2 years ago. There isn't now. But it could easily come back.
Have you put on a roof or made any improvements to your home over the past 2 years? If you have, you wouldn't make the statement you just did
The prices didn't come back down but they've stopped going up. Do you put roofs on houses every year?
(07-18-2024, 09:34 AM)mikesez Wrote: [ -> ] (07-18-2024, 09:32 AM)StroudCrowd1 Wrote: [ -> ]Have you put on a roof or made any improvements to your home over the past 2 years? If you have, you wouldn't make the statement you just did
The prices didn't come back down but they've stopped going up. Do you put roofs on houses every year?
I was simply addressing your comment below. You implied building materials are not already heavily inflated. Instead, you pivoted to roof seekers only needing to suffer once every twenty years. Is there anything you won't spin? Why are you always so dishonest?
"there is a risk that lower interest rates for builders might lead to spiralling inflation on building materials."
(07-18-2024, 09:48 AM)StroudCrowd1 Wrote: [ -> ] (07-18-2024, 09:34 AM)mikesez Wrote: [ -> ]The prices didn't come back down but they've stopped going up. Do you put roofs on houses every year?
I was simply addressing your comment below. You implied building materials are not already heavily inflated. Instead, you pivoted to roof seekers only needing to suffer once every twenty years. Is there anything you won't spin? Why are you always so dishonest?
"there is a risk that lower interest rates for builders might lead to spiralling inflation on building materials."
You're just in a rush to prove me wrong that you skip over things.
These thoughts are actually quite simple if you take a minute.
Interest rates were lower, and we had spiralling inflation on building materials.
Then interest rates got higher, and the spiralling inflation stopped.
I have been completely honest here.
I'm not trying to trick you.
I am also telling you that unless you put a roof on a house every year (say if you own lots of properties) you wouldn't have any personal experience way to know if building material prices are still going up or not.
(07-18-2024, 10:20 AM)mikesez Wrote: [ -> ] (07-18-2024, 09:48 AM)StroudCrowd1 Wrote: [ -> ]I was simply addressing your comment below. You implied building materials are not already heavily inflated. Instead, you pivoted to roof seekers only needing to suffer once every twenty years. Is there anything you won't spin? Why are you always so dishonest?
"there is a risk that lower interest rates for builders might lead to spiralling inflation on building materials."
You're just in a rush to prove me wrong that you skip over things.
These thoughts are actually quite simple if you take a minute.
Interest rates were lower, and we had spiralling inflation on building materials.
Then interest rates got higher, and the spiralling inflation stopped.
I have been completely honest here.
I'm not trying to trick you.
I am also telling you that unless you put a roof on a house every year (say if you own lots of properties) you wouldn't have any personal experience way to know if building material prices are still going up or not.
You are correct. Inflation is down. Prices are up.
(07-18-2024, 12:07 PM)The Real Marty Wrote: [ -> ] (07-18-2024, 10:20 AM)mikesez Wrote: [ -> ]You're just in a rush to prove me wrong that you skip over things.
These thoughts are actually quite simple if you take a minute.
Interest rates were lower, and we had spiralling inflation on building materials.
Then interest rates got higher, and the spiralling inflation stopped.
I have been completely honest here.
I'm not trying to trick you.
I am also telling you that unless you put a roof on a house every year (say if you own lots of properties) you wouldn't have any personal experience way to know if building material prices are still going up or not.
You are correct. Inflation is down. Prices are up.
The Inflation Rate is down from 2 years ago but still higher than 5 years ago. 4 times what it was in 2017.
Don't believe your lying eyes. The liberal mantra.
(07-18-2024, 02:30 PM)flsprtsgod Wrote: [ -> ] (07-18-2024, 12:07 PM)The Real Marty Wrote: [ -> ]You are correct. Inflation is down. Prices are up.
The Inflation Rate is down from 2 years ago but still higher than 5 years ago. 4 times what it was in 2017.
I posted one factor influencing inflation on the other string.
An Invitation to the Democrats on the board to school me. I believe it is post #11
(07-18-2024, 02:54 PM)Jag149 Wrote: [ -> ] (07-18-2024, 02:30 PM)flsprtsgod Wrote: [ -> ]The Inflation Rate is down from 2 years ago but still higher than 5 years ago. 4 times what it was in 2017.
I posted one factor influencing inflation on the other string.
An Invitation to the Democrats on the board to school me. I believe it is post #11
Yep, there's myriad reasons why inflation happened, and pretty much nothing that the government did the last 3 years to help, and a lot they did that made it worse.
(07-18-2024, 02:30 PM)flsprtsgod Wrote: [ -> ] (07-18-2024, 12:07 PM)The Real Marty Wrote: [ -> ]You are correct. Inflation is down. Prices are up.
The Inflation Rate is down from 2 years ago but still higher than 5 years ago. 4 times what it was in 2017.
I am still correct. In January 2021, the inflation rate was 1.4%. In June 2022 the inflation rate hit 9%. In June of 2024, the inflation rate was 2.97%.
For prices to come down, we would have to have deflation. We haven't had deflation.
So, inflation has come down, put prices have not come down.