Billionaire Democrat reveals unintended consequences of Biden’s rent cap proposal

Real estate entrepreneur Jeff Greene unpacks former President Biden's rent control proposal on 'The Claman Countdown.' #FOXBusiness
Subscribe to Fox Business! bit.ly/2D9Cdse
Watch more Fox Business Video: video.foxbusin...
Watch Fox Business Network Live: www.foxnewsgo.com/
FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York - the business capital of the world - FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.
Follow Fox Business on Facebook: / foxbusiness
Follow Fox Business on Twitter: / foxbusiness
Follow Fox Business on Instagram: / foxbusiness

[@CParks5784]

Stop paying illegal immigrants.

[@jryecart8017]

the newest slaves of the DEMOCRATS

[@stevedallas4942]

@@CParks5784 Put them to work on the border wall. Minimum wage, of course.... Or better yet, prison wage (that's like 18¢ an hour).

[@EricCanterra]

Our country does NOT have a revenue problem it has a SPENDING problem!

[@jryecart8017]

DEMOCRATS are the party of slavery

[@billiamc1969]

Definitely both dude...get a grip

[@anthonyhuber-permanentlyre7808]

@@billiamc1969 *We have a revenue problem in the sense we are overtaxed.*

[@born2bbald12]

I will add by saying our Country has a Marxism/Socialism problem. Trump is a Capitalist, Biden is a Socialist (Harris is even further to the left). Now compare the Trump Administration with the current Administration. Do I really need to ask you with which one were we better off - economically?

[@seanprice6345]

Cutting taxes increases revenue. Our government needs to cut spending not increase. We waste trillions on bureaucrats

[@darkdan3379]

And golf trips...

[@RossHebrank-h2b]

​@@darkdan3379Well I don't know Biden really that's the only thing he's doing right is to do one thing but that's not gonna be enough most of us still think he's another jimmy Carter

[@seanprice6345]

@@RossHebrank-h2b Jimmy Carter was a negotiator who traveled the world after office working toward peaceful solutions. Biden doesn’t excel in negotiating or even talking. He is far worse than Carter on the world stage. Carter at least tried to get American hostages out , Biden just ignores that Americans are being held hostage

[@jerroldrieger5345]

Democrats are using the money to reinsert themselves into office as well they are using the lying democrats msm, they used the virus that they helped to create by funding the lab and people still vote for the people that are actually harming the country

[@jerroldrieger5345]

​@@darkdan3379how is that Trump owns his own country clubs he didn't use any taxpayers money if that's where you are going besides he was on the democrats msm nearly every day...

[@jannaabdella997]

Why shouldn't the government give Americans the things that this Administration is giving immigrants and more. It's sicking that they get more than our Americans.

[@HBrown-pu2hb]

FJB and his Puppeteers !😂

[@terrylancey5451]

Exactly! Those who are severely struggling get nothing. They have just been ignored.

[@carriecree1789]

I don't know who is making this human trafficking scheme run, but the ones making profits from them staying is a good place to point the finger. The companies that operate the bus, the processing agents, the hotels, the shelters, etc.

[@loudowney9360]

Because it's a planned destruction of America!!!! The open border was to allow an invasion of mass destruction!

[@David-hm9ic]

It is not within the Constitutional domain of the US government to be giving those handouts to ANYONE.

[@shiffleshanks]

Bring down homeowners insurance and property tax and rent will come down.

[@Olly.sunshine]

They need it to house the migrants

[@polyverse1]

And make it illegal for hedge funds and investment companies to own residential properties.

[@seymourwrasse3321]

@@polyverse1 tell us more Comrade

[@JesusAGUAS-z5i]

​@polyverse1 you dint believe in capitalism

[@robingaray8321]

Hell yea. Cleveland Ohio just doubled our property tax. Shame on them

[@Angela-ge2rx]

Worried about killing babies instead of real issues. We are doomed. Jesus, save us from these ungodly people.

[@Linda-j7k3l]

Perfectly put. Pushing killing the unborn is gross.

[@saved217]

@@Linda-j7k3l Don't forget, all the different sexual perversions too. Unfortunately, the majority , support all this. As far as Jesus, saving us from all this, it's freely offered, but most reject him, and God won't save , those who don't want saved.

[@lisafigueroa7433]

Killing babies is one of many real issues

[@deesticco1719]

😊

[@JescaML]

@@lisafigueroa7433only for the sick who refuses to use protection.

[@AMX86]

Government MUST stay out of the private business of individual Americans.

[@Ixciimero]

Get your head off TDS and support Trump

[@SalLuna-x5x]

😂 what's it like to worship an animal!😅

[@rharoldkane4447]

​@@SalLuna-x5xyou should know. Trotsky was one, and so was Che Guevara, the loser on your tank top

[@SalLuna-x5x]

@@rharoldkane4447 LMAO 🤣🤣🤣🤣 Trump Cultists are FREAKS. Better learn Spanish because we coming back home.🤣 (trigger a Trump Cultist)

[@Ixciimero]

@@SalLuna-x5x you mean the one who can't even pronounce a word let alone complete a sentence

[@christiruth3380]

@@SalLuna-x5xwe don’t worship animals we worship God! Maybe you should try finding Jesus!

[@garymitchell7551]

This man may be a billionaire but his economics aren’t very smart … cut taxes and cut spending is the answer

[@JescaML]

Can’t make millions in Congress. That was briberies and money laundering.

[@satanicpanicattheddtable2604]

Rent is not dropping in Florida tell another lie

[@aprilvilliar7907]

I’m in FL and rents are rising. I’ve never seen anything like it. I pay more for a one bedroom in a crappy part of town, than I did in 2016 for a two bedroom house with a loft in a wealthy neighborhood. Rents aren’t falling in the panhandle

[@sparkyjerred419]

My property taxes increased 40% 2 years ago. The cost for repairs has also increased dramatically.

[@MarkMcCullough-y5s]

Last year my property assessment was almost doubled and property taxes increased 55%.

[@sparkyjerred419]

@@MarkMcCullough-y5s 2 years ago mine increased 40% & 1 year ago that increased another 20%. I'm paying more than 2x what I was 5 years ago.

[@MarkMcCullough-y5s]

@@sparkyjerred419 yeah, I live in a poor area and I've been hearing about people really struggling to pay property taxes and wondering if they can keep their homes if they go any higher.

[@sparkyjerred419]

@@MarkMcCullough-y5s I am also in a poor (mostly democrat) area & I'm late on paying my property taxes.

[@MarkMcCullough-y5s]

@@sparkyjerred419 best of luck. They'll give you time.

[@harrymills2770]

Democrat billionaire. If he believed his party's positions, why doesn't he give most of it away?

[@harrymills2770]

@@domega7392 This is very true. That's why they virtue signal to make government programs, instead of just giving to charity, themselves, and encouraging others to do so. Republican voters have always contributed more to charity than Democrat voters.

[@georgewagner7787]

He might have it tied up in real estate

[@charlesyoung2530]

And he moved to Florida to avoid California taxes.Democrats are the biggest hypocrites.

[@SueHammer-j2j]

They say 12 millions new comers. Yet they stated 3 years ago we didnt have enough housing. Sometimes smells.

[@gwendolynkatz3067]

That’s debt is Joe Biden’s issues not Trump .

[@rtquest22]

Wrong again. That's also your debt. You better pay back those fiat money printed into circulation.

[@barbarasmith217]

​@@rtquest22Your dept too, gotta pay up.

[@rtquest22]

@@barbarasmith217 too bad I'm not American. From Singapore

[@rtquest22]

@mouthrunner1082 you would get the suffering economically and financially by letting the politicians spend more at your expense back home? How's the Inflation Reduction Act working for ya?

[@blintzkreig1638]

Everyone has to deal with it.

[@dirostudios]

650,000 homeless in America, 65 million on welfare, 10 million iileagal’s , 40 million on food stamps, people working 2,3,4 jobs to pay $2,000 median rent,

[@georgewagner7787]

And if they would stop taxing the working people they could afford that rent instead of giving all their money away to people who are not working

[@melindatarnow5713]

Try 50 million. Per speaker on Redacted the other day! Let that sink in! It will spread out!

[@WilliamBowling-pp4wg]

Federal rent control would be unconstitutional. it violates the Fifth Amendment. Also, if an eviction moratorium was unconstitutional during COVID, the same thing would be unconstitutional now.

[@patrickphelan5863]

What a Real Estate Developer calls a "catastrophe" - lower housing prices. What a normal person calls "lower housing prices" - fantastic. Trump / Vance 2024

[@darlacox]

@@patrickphelan5863 I agree with most of your post but hear better answers from RFK. Maybe I haven't listened enough but I am not hearing what Trump will do about it. The fact that he got rich from real estate makes me wonder.

[@melindatarnow5713]

​@@darlacoxbetter than cheating insider trading and gold bars.

[@ADale-nj4cx]

How is an abortion have anything to do with rental properties?

[@Time-rf7rs]

Lower insurance rates, lower supplies cost (heat pumps, Freon, flooring, etc), maintenance charges (plumbers, electricians, HVAC,etc), property taxes, not exclusive - landlords might not need to keep increasing rent. The cost for landlords has skyrocketed over the past 4 years. Why are they the ones politicians are always going after? Maybe cap utility charges, property taxes, insurance rates, interest rates?

[@shushu7574]

In my county in Georgia, tons of new housing and apartments are going up every year and rent is INCREASING EVERY YEAR!!!

[@tl9235]

It’s the increased property tax, insurance and HOA cost that are driving rent up.

[@RanleighWylde]

@tl9235 - Those 3 things plus the hedge fund investors like this guy.

[@JuliaDevan]

Exactly! How about do something about the insane property taxes and home insurance and Biflation, That’s what’s driving up rent costs. Property tax for a renter is much higher than a home you live in.

[@showtimeman5673]

Because the values are falsely overinflated due to the gross inflation. It affects us homeowners just as much

[@robert911m]

I don't think giving taxpayer money in the form of vouchers to his renters rather than rent control is going to help the national debt. It is just going to assure that he get full rent payment off the backs of taxpayers and give him an incentive to raise rents.

[@darlacox]

@@robert911m well said.

[@laurenglass4514]

The answer is to stop spending! Stop the crazy spending !!!!!

[@laurenglass4514]

Stop printing money, stop the energy regulating killing our energy independence. This guy cant have it both ways. This guy is going on about abortion, and he is only understanding get his rent by subsidies. Why not help people get jobs and get illegals out of the country, how about giving our student jobs instead of legal immigration. This guy knows one thing his business is being threatened and it is not necessary, welcome to the club bud.

[@keithusace4352]

I see it that my grandkids want to live with me instead of me living with them 😂

[@ariellife1273]

Amen .

[@mikeh.753]

The cost of living has been outrunning wages for DECADES. Why are people just now paying attention to this.

[@ablarod948]

This is the worst sort of rich person. Just protecting his wealth while taking away yours.

[@darlacox]

Vouchers. Oh, more of people's tax money going to the rich. I think we have enough of that.

[@zvmZvm0102]

The "progressive" healthcare policies do the same thing.

[@georgewagner7787]

Most tax money comes from the rich. Research

[@lynetterobinson4308]

The American people are fed up and can't even afford this cost of living!

[@Gemma_626]

He seems like a slumlord suggesting the fix is to put people on section 8 which usually has an 8-10 year waiting list while rents that were $1500/mo in New England are now $2700+ for the same 150 year old building with 1970's decor

[@charlottepasco8]

Vouchers on the tax payer dime that's the way to go no that's called corporate welfare. They get rich off of housing

[@rtquest22]

No such thing as tax payer but a debt slave.

[@tyrekedadon7910]

This guy is a joke he helped make Boston rent the Highest in the Entire World. I can deal Without the upgrades . Boston 10 years ago you could get a 2br for 7 hun easily .Now you'll be lucky to get a studio under 2k .

[@ninjagirl226]

And the rent control in my town has led to the demolition of several apartment units making the situation worse. So this whole proposal in my mind is a joke as I worry is my unit next.

[@paulalbamonte4756]

Boston Biotech industry and tech sector makes crazy rents happen as more and more neighborhoods get gentrifiied . You think it is bad now . In 6 years double that rent . All rent control does is increase apartment to condo conversion

[@Hambone3773]

Assuming debt will increase because corporate taxes are cut is bad math. Increased productivity will lead to more tax dollars collected.

[@sharonfoley2610]

The cap doesn't hurt illegals. Our taxes will cover that!

[@MichaelForte-jn5pn]

Exactly

[@maryjanegreen7601]

They don't rent, they get put up in luxury hotel rooms.

[@sharonfoley2610]

@@maryjanegreen7601 it's our taxes that pay for it.

[@maryjanegreen7601]

@@sharonfoley2610 yes it is

[@peterhendricksen6946]

Yep, there goes our S.S.we out into the past 50yrs for me

[@RustyStagg]

I have a sneaky feeling that you voted Biden

[@MichaelForte-jn5pn]

He's an untra rich Democrat....

[@carolynw3602]

Limousine liberals

[@ronmorgan8214]

"Billionaire democrat" in video title...

[@reese44622]

Funny last time he cut taxes we brought in twice as much money

[@rtquest22]

@@reese44622 what money, you mean Fed Reserve debt notes? Buddy, your so called money is made by the institution that doesn't serve your best interests.

[@beeamerica5024]

I am a veteran and I have tried to get a senior apartment I don't make enough I don't qualify

[@jamesbecker3420]

What does being a veteran have to do with not making enough to rent a senior apartment? If you are getting VA benefits and/or SS, then move to a lower cost area...

[@beeamerica5024]

@@jamesbecker3420 easy for you to say I said I'm a veteran because there are illegals here getting housing and I can't there is nowhere to move to

[@buddb7804]

​@@jamesbecker3420 Shut up and thank him for his service

[@skafabafa]

Lets ask a billionaire what he thinks

[@diahegge5395]

They know how it works

[@sandtoy11510]

He’s been investing in real estate for 47 years, I think he’s qualified to give his perspective. The dude sold circus tickets to pay for college, nothing has been handed to him.

[@vickimooredotco]

Rent control certainly has unintended consequences. Property owners in SF are so against rent control there have been 40,000 vacant units for years. So does regulating insurance companies from increasing their prices.

[@fullsenderman8291]

Yeah you ask a billionaire what he thinks then shut your mouth and listen and learn something for a change

[@skafabafa]

@@fullsenderman8291 maybe i am a billionaire as well

[@jes2731]

Is it Funny or Ironic that he complains about Republicans during the whole interview, but damned if he hasn't transplanted himself to Florida to capitalize on the policies, and the prosperous market there created by the right?

[@juliagilbert4747]

I thought the exact same thing. He criticises President Trump's tax cuts, but you can be sure he will take advantage of every single one of them

[@RussellKitchens-of1hs]

Yeah and how are people on s.s. suppose to pay these ungodly amounts. Ridiculous

[@RanleighWylde]

@RussellKitchens-of1hs - According to treasury secretary, Janet Yellin, she said, "inflation is not a big problem, when people need extra money they will just dip into their cash reserves". Of course when you make $230K per year plus bennies like she does, cash reserves are possible. There are elite morons who think all are as well off as them. Same lunacy with the Obamacare the so called affordable care act. Just pull money out of the air to pay for whatever we demand you to. Just a secret bail out for the HCI.

[@gatsbylight4766]

"Billionaire" Jeff: _"While I was at Harvard, I was the force behind getting rid of the rent caps. There was an enormous amount of new development ... and rents did not go up."_ *The point* of the current proposed rent cap is that *rents have ALREADY GONE UP 32.1% in the last 4 years,* are continuing to *GO UP,* and there is nothing in the data to suggest that rents will *go down.* *FURTHERMORE,* if developers won't be raising rents in the near future, what difference would be to make it official and put a 5% cap, if developers don't plan to raise the rents above 5% anyway?

[@DesertScorpionKSA]

Rent control is just wrong. Let the market decide rents. No one is forcing anyone to rent a specific apartment or house. If there were rent control, I would sell my house before I would rent it.

[@darlacox]

@@DesertScorpionKSA and all those people who can't afford rent can just be homeless. Who cares? Oh, we care when we have to see their camps. You say specific apt or house like there are cheaper options. The problem is there aren't.

[@AllenOlesen]

In Washington state in the 98383 rent just went up $150 in a low income senior housing, at Vintage in Silverdale Washington State

[@andrejamison2723]

This is a tricky situation due to the fact that a lot of the properties apartments and houses were brought up or bought up by foreign entities and now they're ran by property management companies who uses rent as a way of making themselves money. Look at the urban areas and see how many of these houses and apartments are ran by property management companies and who actually owns the property. In Michigan you can say at least 50% of properties are owned by foreign entities

[@brucelamb6060]

Every politician should take a fundamental class on economics. Anytime a price cap is placed on a product, it will cause long-term damage. It's 2024 and this will be another case study on what happens when you cap the rent. This may not be feasible for the investor to make a living and will have to sell or foreclose. Squatters will live rent-free on abandoned property because the former landlord couldn't set the price to the market value. Horrible idea for price caps.

[@mrmountain2025]

Maybe we shouldn't have started deficit spending in the first place maybe we should cut the overhead. Government small government is the answer

[@charlottepasco8]

They don't want to buy them now!! This man has no idea the GDP is gone without jobs here!

[@snapfinger1]

Cities enforce rent control to prevent the wholesale gentrification of poor people neighborhoods.

[@davidedwards8940]

More dem insanity

[@jewelpeters294]

Why do u need to translate to English STUPID?????????????????????????????

[@mattj4038]

No what's insane when we let A reality show guy in the WH the whole system is sick

[@davidedwards8940]

@@mattj4038 by any measure the Dems have destroyed the country. You are delusional

[@rharoldkane4447]

​@@mattj4038Are you wearing your Che Guevara tank top today? Trotsky would be proud of you

[@mattj4038]

@@rharoldkane4447 no thank you Keep your Dictator

[@WillSteltenpohl-j5x]

Go figure... A landlord isn't for rent control... Go ask the good citizens of San diego how much over development helped their rent Go down... Rent there is some of the highest in the country and it's not because supply is low. Rent does absolutely need some control. the upfront payments are unreasonable, and apartments and houses rent for roughly 1/3 more than they're worth (in some cases more than that) The greedy real estate companies are partially to blame. As far as I'm concerned. It's a city and state issue though. The president was just pandering.

[@mattj4038]

Since a lot of the Politicians has their hands in it to make more money

[@bobroberts2371]

Then you need to buy property and rent below market, will you step up?

[@WillSteltenpohl-j5x]

@bobroberts2371 actually my family already does on a duplex that's pd for. It was my grandmother's. We always kept rent below market for this area

[@bobroberts2371]

@@WillSteltenpohl-j5x Well then start buying up properties and expand your reach.

[@WillSteltenpohl-j5x]

@@bobroberts2371 find someone else to harass troll... I promise you I'm not the 1... 😉

[@anm2945]

We the people now more than ever will want to hold on to our money.

[@rkersch]

It’s a SPENDING PROBLEM …….. let’s confiscate all the money of people having more than 10 million and see how long it lasts!

[@thomasstapel6824]

I love the way he described tax cuts as a free for all for business-thats why we have laws. What do we have now under Biden the big mega companies are swallowing small business that can't absorb all the cost increases and don't have all the lawyers to lobby. Plus his description of the effects were very vague but emotional and that tells you he like the tax cuts but he is a democrat and has to say that.

[@peggythibodeaux1519]

Biden and the dems must go! Mostly negatives will come from this idea

[@carolynkovacs5412]

Nothing he has ever thought of makes sense

[@ElizabethMolodetzSchlueter]

I gross 965 dollars in 3:37 retirement after 37 years of working as a Nurse and BA in Social Services. I went down 2 flights of stairs. I was 58 and forced into disability and I was 62 and lost an additional 1100 dollars monthly. I'm so grateful for HUD housing or I seriously would be homeless.

[@BasedF-15Pilot]

Blackrock thanks you for your service. They buy all the private homes at 30-50% over asking price and wind up wrecking real estate markets for younger and aging generations.

[@mattj4038]

What those programs the Project 25 will end you thank these Millionares and Billionaires really care especially 45 Lying king

[@josephbaum7128]

Democrats will vote Democrat no matter what

[@n.sundari889]

Vouchers only work if and when there are landlords that will accept them.🧿Also vouchers are only good for a certain amount of time, where do tenants go when landlords won’t extend their time? Low income housing on the other hand allows for tenants to stay and live like normal people, as long as their paperwork proves their low income status. These days unfortunately there exist buildings that consider $100,000/yr to be low income. People need to be honest about what truly is considered to be low income status. Also be honest that there is no profit in building low income housing so where do low wage earning people live? 🌸🦋

[@brisbanekilarny6212]

He is the typical democrat. As a conservative and a person with common sense, government spending is the problem and not lower taxation. The government must cut each years budget at least 5% per year and in ten years the debt should be lowered to a reasonable level. No more deficit spending; the yearly budget must have surplus to pay down the debt. The debt and deficit does not help our economy; hard working Americans drive our economy. Our national debt is 33 trillion dollars.

[@danh6354]

Did not take this dems long to get to abortion

[@SharkSandwich451]

This announcement is a clear example of how one person in the family insists on doing something their way, so you just let them because they’re not listening anymore.

[@marilynrega3634]

How about the millionaires who own property stop stealing money from the government and help the poor only because they care about others not to make a huge profit..

[@bklyngrl13069]

my ex mother in law lives in park slope in a building shes been in for 50 years at least and its rent controlled. every other apt in the building is 2k plus but she pays like 500

[@edwardwilkes-eq5fj]

These investors Do Not Fix Up Their Business Rental Properties

[@eightones]

Drms solution for everything: raise taxes

[@georgejones-sg8cf]

all he's doing is crying

[@Patrick-yh5yd]

Get rid of 15 million ex legals and rents come down.

[@Patrick-yh5yd]

Get rid of 15 million ex legals and rents come down.

[@goldbud2287]

typical liberal

[@HBrown-pu2hb]

@@Patrick-yh5yd Joe can't win without 15 million illegals votes ! ! !😂😂😂

[@wynglominingcompany]

Funny how he can see that rent control doesn't work but thinks that higher taxes does. He can't see that they are the same problem. The real problem is that the government spends too much and produces nothing.

[@NancyWilliams-jh2iz]

Maybe he needs to remember that Trump is doing other things to bring in money, he truly has one mindset and it is all about him😮😢😮

[@MarkMcCullough-y5s]

There are normally negative consequences when the government, rather than the free market determines prices.

[@franciscodanconia4324]

No way a nationwide rent control law is constitutional.

[@DailyStalkerUpdate]

WE DON'T HAVE A HOUSING SHORTAGE. We have a SURPLUS OF IMMIGRANTS.

[@keithmasavage6758]

Why in gods name would we trust a billionaire who has made his money off of ripping off his renters! He has profited from these 45% increase in rent set up occurred in the last five years! Unacceptable not just rent control chop the prices in half and start again!

[@dmonty4354]

Why would you trust Biden to dictate price controls? He has never operated a business in his entire life. He only panders to the audience that he is in front of. Chop the prices in half???😂😂 You have no understanding of economics, property rights, or presidential authority.

[@WilliamBowling-pp4wg]

And then there will been a severe housing shortage. The majority of landlords are individuals with one or two properties. They cannot afford to be landlords if they cannot cover their costs.

[@bobroberts2371]

Then you need to buy property and build housing.

[@WilliamBowling-pp4wg]

@@bobroberts2371 The problem is no one will create housing if they can't charge enough rent to cover the costs and make some profit. Any price control, will result in shortages of whatever commodity whose price has been controlled.

[@Dock777]

Do you want to help the housing market? Keep corporations from buying residential homes.

[@jerryfitzhugh5198]

We have known for years "he ain't there" those of us that are smart.

[@craxd1]

BO is who directed this entire affair, and he is who pulls Joe's strings.

[@donnaconrad7374]

Yeah, he became a billionaire. He just worried about his bank.

[@TadashiNazuka]

I am a Republican on Social Security, and this guy is really pis*ing me off. Some of us have fixed incomes, and can't afford unexpected rent spikes, and having to move bc of no fault of our own.

[@sandpyper3997]

I live in Florida. Rent is so high you can barely afford to live here. It sound like a landlord cash grab to me

[@righteousbyfaithinChrist]

I disagree with the Democrat billionaire... Did Democrat billionaire should give away a few millions to restore buildings and to help the homeless to have a place to live...

[@timhennessey7778]

They are crooks

[@barbarasmith217]

Wsiting on the next Stupid idea from Rat city.

[@chasatch]

Hey! Just think how many high paying government jobs would be created to oversee a rent control program.

[@pGonzalez-b2k]

A rent control would just let government tax even more. We need less government jobs. Those fat cats in government are all multi-millionaires. Repeat after me. Government does not care about you .Off topic. After Obama care passed my deductable is so high I pay for all my medical due and insurance don't kick in until we pay $4,300.00. Low income housing requires skilled builders. Also I watched a Route 66 video and noticed all the small populated towns that have houses and building in which some could be renovated since the houses they build now just look like boxes. Might be cheaper to do that since the foundations are there .Just a thought.

[@keithbusick6859]

Well maybe the government needs to quit giving our money to all these nations and to illegal aliens might bring our deficit down don't you think ? Mr Billionaire

[@mdziak8490]

In Canada is rent control and is disaster people are in trouble specialy people who can afort pay 1000dol 2br and people who can not afford pay2600 for2 bed this what you American wants?

[@jeffreylinde4381]

All rent caps do is stop builders from building. Stops buyers from buying. It will make renting a nightmare.

[@markwilliams3994]

Like it isn’t already. Whether it be $2000 or $10000, if you can’t afford it you can’t afford it.

[@Arteshir]

Great update Thank you Allen

[@margiehankins-jerde6094]

I worked as a supervisor when rent control came out in California. Every realtor or property owner fought against it. For the people able to get into a property under rent control it was great for them. It was a time that owners were made to buy earthquake insurance which was expensive so rent control is something they hated. I am all for rent control. In California a single apartment is $2200 a month. Many that is the total amount they make. Owners still can raise rents but it has a cap on how much. They also can add on for certain repairs. It is a good thing for many Americans. I never saw the building go down like he said either.

[@mytube8985]

California's population has declined significantly. They now have one less house seat because of it.

[@Tahetse]

RIGHT, nobody can afford 2500$ rent for a two bedroom this man it a piece of TRASH 🗑

[@UnknownMoses]

Government needs to stay out of this price controls period

[@gunngangsta]

Of course he doesn’t want rent caps. Screw this guy!

[@clintwestwood2731]

I have been a landlord for almost 40 years as well. Should I also be screwed for trying to provide cleanup affordable housing to those that cannot afford to buy? I am totally totally against the communist practice of rent control. By the way is your income controlled by the government perhaps a screw you should be issued to you too if it’s not.

[@nunyabeezwacks1408]

NO TO VOUCHERS!! Who pays for the vouchers? WE, the people, pay for those vouchers. No, thank you!!!

[@2partys1tyranny]

rentals have to pay twice the property tax of a privately owned residence yet they get even less protection under the law if any at all

[@tarn1135]

As a landlord I can absolutely tell you if you cap rents there will be a flood of foreclosures and the properties will become slums. The free market will regulate itself.

[@ronmorgan8214]

He will still donate and vote for Biden.

[@DocAnaStasia]

This is exactly why Texas has started the process of setting up our own competing stock market. We are done with monopolies.

[@toycarpgmr]

Landlords are stressed by rising property tax, utility, maintenance and repair costs.

[@motoarzan791]

ASK CANADA, Where I live. A 2 bedroom apartment even in a smaller non popular city is $2200-$2800/mth. When the government dictates to landlords you can only raise rent 1-3% depending the inflation rate year to year (but that even over covid with real rates at 20%+ rent still capped at 3% even though your mortgage, utilities, land taxes insurance, maintenance ect went through the roof), what you get is fewer and fewer people becoming landlords and investors building fewer and fewer condos and apartment buildings since it's not profitable, too risky, and at the mercy of the government. Now we have a massive housing shortage exacerbating the problem. Demand way outstrips supply.

[@joycecavanaugh8315]

Taxes go up rent hoes up because most taxes effect PROPERTY taxes thru levies especially

[@lisabaltzer4190]

I own a rental management company. Insurance for my rentals went up 100% in just this last year, and property taxes went up too. Prices for materials and labor to do repairs have gone through the roof. I have also noticed that renters seen to be dirtier and do more damage than they did just ten years ago. Then of course there was covid. Many landlords got stiffed on the rent and didn’t recover a penny, myself included, but the landlord still had to pay the mortgage , if there was one. Many could not afford to keep their rentals when they did not receive the rental payments and sold them to investment groups such as Blackrock. Because of this, landlords raised rent so that there would be a “cushion” when the next lockdown happens. Since they got away with it during covid, they will do it again. All these extra costs that the landlord has to pay makes the rent go up. Renting out houses and apartments is a business and if there is no profit, there will not be anything to rent. It will be a dire situation if you cannot afford to buy a home and there are no longer any houses or apartments to rent because people with money have turned to other forms of investment that actually turn a profit.