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California Approves Statewide Rent Control

nytimes.com

141–150 of 1001 posts

Re: California Approves Statewide Rent Control

#141
post #13

Vote pro housing centrist fiscally right republicans , we need a more diverse ca congress

"As in previous polling, the law [to dramatically increase the housing supply] is more popular with Democrats than with Republicans, with 76 and 55 percent support respectively."

https://sf.curbed.com/2019/5/17/18629809/sb-50-housing-trans...

Re: California Approves Statewide Rent Control

#142
Imagine being suprised when big-government pinko democrats do big-government pinko democrat things and then continuing to elect them decade after decade while you hand them your livelihood on a silver platter. Absolutely shocking I say. Enjoy being a "3rd world country" California.

Seriously...are Californians brain damaged or something? What is in the water there?!

Re: California Approves Statewide Rent Control

#143
post #27

One thing I have noticed as I have become more aware is that many of our laws are aimed at trying to freeze a moment of time, often by piling on contradictory policies on top of each other. Subsidize home loans Ban new construction Ban rent increases It is no wonder why housing prices/rents continue to rise in these markets. In software engineering sometimes conclude that a rewrite is necessary. How can we completely…

It usually comes from a recession or a depression were rewrites are finally deemed necessary. Unfortunately unless people with common sense participate in government and we vote in selfless people a generation will suffer the consequences of our inactivity.

>It usually comes from a recession or a depression...

Don't forget crime and violence. Historically speaking those get laws changed quick. That said, I don't think rent control is going to have a very direct effect on crime and violence.

Re: California Approves Statewide Rent Control

#144
post #118
post #50

Earlier quoted context omitted.

Prices should increase in the case of increased demand. Prices must increase in that case if you want the supply to increase, which is the only way to actually meet demand. It's how the market works ffs.

I guess it shows how out of touch you guys are. When I moved here EVERYONE told me to find a rent controlled place. After hearing some horror stories I think you would be crazy to live in a non-rent controlled place. Heck, I’ve never heard of non-rent control before moving to the US. No surprise there’s so many homeless people. PS: look at what your free market did to the US healthcare.

Of course everyone told you to get a rent controlled place. The government is mandating your landlord gives you money, so why not take it?

The point still stands that rent control is a terrible way to keep rent down, it causes a ton of problems.

Re: California Approves Statewide Rent Control

#145
post #119

Earlier quoted context omitted.

Rent control is a thing world wide. It’s not populism. It’s the same concept as free healthcare or free education. It’s here to ensure people can still find affordable places to live. You can’t make everything an investment if you want a healthy society.

> It’s here to ensure people can still find affordable places to live. Rent control does the opposite. It radically reduces choices and increase on price on people looking for a place to live. Rent control chooses a small handful of existing renters to be winners. And it makes everyone else a loser. Except it's also shitty renters, because it traps them in place. Sure it gives them a home somewhere. But it denies the…

That’s FUD. It works great in other countries and if strict can give equal chances to tenants no matter your background.

Re: California Approves Statewide Rent Control

#146

Rent control is abused in SF. Every engineer I know, who has been living in SF for over 5 years is currently paying an absurd amount compared to their monthly income. I even sub-leased an apartment from a friend who took off a sabbatical, and he didn’t want to lose his rent control. I don’t know who rent-control is supposed to benefit, but it seems broken. Eventually these places end up in the hands of people who kno…

It benefits the politicians who buy votes in favor of a one-time lump sum wealth transfer to renters.

Re: California Approves Statewide Rent Control

#147
post #97
post #50

Earlier quoted context omitted.

Prices should increase in the case of increased demand. Prices must increase in that case if you want the supply to increase, which is the only way to actually meet demand. It's how the market works ffs.

Obviously, but part of that is having your property taxed at those market rates, businesses and landlords got together to pass an amendment to the CA constitution that prohibits any part of CA from increasing the assessed value of your property at more than 2%. You can't have it both ways: saying you should have free reign in determining the value of your property, while also claiming the government can't tax you acc…

I don't want it both ways.

In fact a land value tax could replace property tax in a revenue neutral fashion, and would incentivize development of property and density, rather than disincentivize those like property tax does.

Re: California Approves Statewide Rent Control

#148
post #21

I am a landlord in Oregon, but not California. The curious, although ultimately predictable, outcome of the new rent control measure in Oregon is that while I have historically had an arrangement with my property management to be restrained in annual rent increases, they are now advising a default annual increase of the maximum allowed (7 percent before inflation). This is because larger adjustments cannot be made if…

> they are now advising a default annual increase of the maximum allowed (7 percent before inflation).

7 percent is a pretty high allowed increase. I suspect that it really doesn't do much except stop gouging in the case of someone who had really cheap rent in a place that gentrified suddenly.

Re: California Approves Statewide Rent Control

#149
post #27

One thing I have noticed as I have become more aware is that many of our laws are aimed at trying to freeze a moment of time, often by piling on contradictory policies on top of each other. Subsidize home loans Ban new construction Ban rent increases It is no wonder why housing prices/rents continue to rise in these markets. In software engineering sometimes conclude that a rewrite is necessary. How can we completely…

Stop making housing an investment?

Re: California Approves Statewide Rent Control

#150
post #119

This rent control is a result of populism - plain and simple. Rent control works for those already renting - and that is about it! Everyone else suffers: those moving to the area, the landlords and those wanting to build more.

Rent control is a thing world wide. It’s not populism. It’s the same concept as free healthcare or free education. It’s here to ensure people can still find affordable places to live. You can’t make everything an investment if you want a healthy society.

Except in practice people can't find affordable places with rent control because nobody is willing to leave their below market rate place. The real problem with it though is that it does not in any way fix the root cause of the problem, which is lack of supply.
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