Who are Rent Control's Biggest Beneficiaries?

Manhattan Institute fellow Nicole Gelinas on New York City Mayor Michael Bloomberg's extension of rent control laws and the constitutional challenge to these regulations.
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[@tikaltkal3138]

That BS landlords don't fix apartments now!

[@kercchan3307]

you mean slumlords.

[@carecup809]

Why would they fix the apartment if they have no incentiv to keep you there?

[@Eva9000]

If it's rent controlled, how? With what money?

[@ytSuns26]

The first super simple way government could help make housing affordable. Cut the the outrageous taxes placed on rental property. The government charges much higher taxes on your rental home than a private home. If the government was truly concerned with you they would discontinue taxing rental property

[@IsaacPhillipsMovieDude]

Agreed.

[@rickroche8860]

Rick Roche 1 second ago I'm a Vet on a fixed income. Lived same apartment 10 years with $25.00 monthly increase yearly. New property managers came in and raised our rent $75.00 then 4 months later $250.00 a month ( to "market"). Where am I going to live now? They can charge as much as they want whenever they want is just wrong! Simple greed!

[@MrChiangching]

@@rickroche8860 Why does the landlord owe you a cheap place to live?

[@rickroche8860]

@@MrChiangching We just want to be treated fairly. A huge unexpected rent hike is a slap in `the face. They could have spaced it out over time. We've always been good tenants and taken care of the property. The new property managers are only concerned with "market" value. Our lives don't matter.

[@MrChiangching]

@@rickroche8860 Did the building change owners? The market is supply and demand, you'll have to get used to it.

[@davidsong9556]

Let people build more houses, reduce zoning control. Reduce regulations, reduce government taxes and fees. That will solve the problem.

[@IsaacPhillipsMovieDude]

David Song you rock.

[@MarioR23]

Exactly

[@daviddorante3283]

@@TechExploresNYC Rent control only applies to low income building, so builders only go for luxury homes

[@Fadeinwow]

Socialist wont like that! Everyone knows helping the rich do business hurts the poor

[@ld.5011]

No. That's just comical, magical thinking of every capitalist who doesn't understand capitalism.

[@chrisbaker2669]

It sucks that when a lease is up they wont let a lease end and say good bye to a tenant that is the biggest problem with rent control. What if the owner of the property wants to sell or move into the property they dont get to if they are renting it out. They should change the law to if a tenant has a second home and the landlord wants to kick out the tenant they should be able to.

[@kercchan3307]

that is fair

[@MetalBum]

Hey 👋 Can you do a series on rent control? They’re spreading rent control statewide in California. Massachusetts Oregon. Washington and soon Florida and New York State.

[@IsaacPhillipsMovieDude]

What if the government gave subsidiaries to home owners who rented out their rent controlled housing? Like they do with farmers.

[@starlaks588]

Yes on Rent control! It protects tenants and neighborhoods against gentrification! And landlords raising rent when ever they feel like it. Really there has to be a happy medium because paying this extremely high rent is to much. I believe they can make a way for tenants to benefit and Landlords. But these greedy people and corporations gotta go.

[@raquelh.barrios2925]

I had roommates that have disgustingly dirty.

[@rickroche8860]

Have you seen "affordable housing" projects? They resemble hives. I'm not moving my family into that kind of community. What happened to: "Housing cost should be 1/3 of your monthly income"? That would put my rent at about $333.33 per month including my Social Security cost of living raise. Yeah right!

[@jaybk718]

Housing became a casino for people with enough money to afford it.

[@benth162]

So maybe you can tell me how they build low income housing? Do they use lower grade materials? NO ! Do they take short cuts to save labor? NO ! A city's building codes say that all buildings being built have to abide by the codes for every aspect of the construction project. The only way for those buildings could possible be called low income housing is if the state or federal government subsidizes the project or loans. Which of course we the tax payers pay for. Originally after WW-I the idea was put forth, that you can only stay in low income housing for a couple of years or a certain period of time or until you found a job that allowed you to step up to better living conditions. California has ballot measure #10 which was brought up so that cities could place what rent controls they wanted in their cities rather than have the state dictate what rent controls should or should not be. Rent controls only anger the large developers who have stake and stockholders to answer to when their revenue from rent is controlled to a level of the inflation percentage, I believe. In areas such as San Diego where I live the developers are constructing thousands of units of which most will be controlled by those developers. In a society where Supply and Demand sets the stage, as soon as cities become crowded those developers want to raise rents to a level we used to call, "Whatever the market will bear", thus pricing all but the well healed out of the housing market. I FOR ONE AM ALL FOR RENT CONTROLS WITHIN REASON. If those developers price their laborers out the market, just who do they think will construct those condos and apartments without having to deal with long commutes and high gas prices. This same thing happened between twenty and twenty five years ago in Sun Valley Idaho where the city did not have rent controls and the rent prices became so high that construction workers had to sleep in their trucks farther north in the camp grounds. That type of greed is unconscionable.

[@episdosas9949]

It's such an exciting case to watch. While people are homeless on the streets in America.

[@milltonfreedman8674]

Why not simply abolish rent control and start building? The landlords need an ironclad guarantee that there won't be any rent control for at least 50 yrs.

[@earthbjornnahkaimurrao9542]

Rent control leads to housing shortages which means more people depending on Social Welfare programs means Democrats stay in office.

[@rickroche8860]

Affordable housing projects in Long Beach Ca look like HIVES! I would never want to live there just because I can't keep up with ever rising rents. Vet on a fixed income here now has to be homeless. Awful!

[@eaumartineau7890]

Landlords need to keep their rentals up to date and fix issues. Lots to consider.

[@hwoodist]

I agree, but difficult to do when paying rent has been made optional by the powers that be.

[@rupumped]

What is the name of the Supreme Court case they mentioned in the video?

[@ArchNME]

Harmon v. Markus (the court declined to hear it though)

[@AmyAmore99]

The best way to help poor people, get rid of minimum wage entirely, get rid of price controls. These laws create more poor people and do little to actually help them.

[@hwoodist]

these laws guarantee a large pool of poor constituents begging the politicians to do things like force the property owner to lease at below market rates, and force them to renew said leases on a perpetual basis.

[@jeanthree]

If these expires the landowner has a right to evict the tenant

[@hwoodist]

you would think this is the case, but socialists are in control.

[@whisperingsage]

She can't even brush her hair for national TV.

[@SeaSlug]

What's wrong with her hair .

[@jonathank3054]

We care what is inside her head, not outside. Superficial troll.

[@ricsosa7107]

Do the Math, what's the min. Pay per hour and the average pay and what's a average increase percentage % per year

[@tikaltkal3138]

So it's the contractors and the home owner that everyone need to go after now!!!

[@helengarrett6378]

Housing, like food, health care and education should be a right. These days, working people cannot save for their retirement. It does not hurt me that landlords cannot evict tenants. I want to know who lives in an apartment that remains affordable after ten years. Even if landlords only raise rents 5% that is always higher than social security cost of living raises. Do that for ten years and very old people at the very end of life can no longer afford their rent. Remember that rents accelerate in a percentage based upon last year's rent and it always accelerates faster than what the government considers the cost of living to be. The poor and working poor are priced out of housing because wages are stagnant and cost of living lags behind inflationary rent increases. I am happy to be taxed heavily for the guarantee of adequate food, health care, a roof over my head and education for all. As it us, > am taxed but get nothing much for it. Even with medicare I still have health care costs of about 25% of my income, rent is 51% of my income. Leaves very little for food, laundry, utilities, transportation etc. I only get $15 in food stamps a month. The only places to cut costs are food and laundry and medicine. What a choice.

[@Misaka-gt5yj]

>"I am happy to be taxed heavily for the guarantee of adequate food" Then you are happy to be taxed heavily on housing to the point where you can't even save for retirement, let alone healthcare and education. You clearly don't realize how paying more taxes to your government doesn't help you and why the middle class is almost extinct in America. In fact if you have MediCal, be prepared to give up your assets as per the MediCal estate recovery depending on how much government $ you spent on healthcare. Shoving more tax$ into healthcare won't make it cheaper, in fact it'll make it more expensive if you are familiar in ANY way with cost shifting and insurance. Enjoy paying 20k-40k a year in just property taxes. Your food stamp won't even cover half of that. Clark County welcomes you. Not to mention Dems just snuck a tax cut for the rich into ‘Build Back Better’ bill. So clearly not even your politicians care about you, yet you vote for the same problem over and over again.

[@Eva9000]

"it does not hurt me" but it's okay if it hurts someone who spent their lifetime paying for the home. It's a perversion that if you have someone sit in a house you plan to give to your kids when their older only when the time comes a stranger stays there but your kid has to be the one kicked out Why should anyone lend out something when the lender has no intention of giving it back? You want older people to have money your government should have something like superannuation set up. Or some kind of subsidy for renting. It isn't fair on those who covers for the renter's garbage disposal and land use and maintenance costs only to get paid peanuts and never get their property back.

[@veramann]

Sometimes, people need to move somewhere else.

[@IsaacPhillipsMovieDude]

Sometimes people should be able to live where ever they want.

[@Jebusmike3]

Yeah, if they OWN it.

[@veramann]

They have to pay for it.

[@IsaacPhillipsMovieDude]

Clearly common decency is lost in this world of capitalistic venture. You can see it in the comments.

[@Jebusmike3]

@@IsaacPhillipsMovieDude In this situation, what do you believe "common decency" encompasess?

[@lisastarves5543]

I cant a Ford 2.ooo.oo rent why PEOPLE are mean to though s that dont have much...its a pick on case... i THINK .. and so..thats why i cant get a new place.. i live in a hotel yea IKNOW how.. why BECAUSE things ARE getting.... harder to get a new place...

[@rickroche8860]

Rick Roche 1 second ago I'm a Vet on a fixed income. Lived same apartment 10 years with $25.00 monthly increase yearly. New property managers came in and raised our rent $75.00 then 4 months later $250.00 a month ( to "market"). Where am I going to live now? They can charge as much as they want whenever they want is just wrong! Simple greed!

[@leopold2427]

Another stable genius at work with micro visions, and probably crippling encephalopathy.

[@episdosas9949]

Housing is a human right. Everyone should own a home. If people own multiple or expensive houses. that s up too them. Rental housing should not be a business. It reminds me of the stories of feudal times.

[@MrChiangching]

Why don't you buy everyone a house then Cardoza? Food is a human right too. Farming for profit should not be a business. Everything, food, housing, healthcare and prostitutes should be FREE!

[@Misaka-gt5yj]

>Housing is a human right. Tell that to your local government that charge 20k-40k in property taxes every year or have your home seized and resold on the market.

[@Misaka-gt5yj]

@@MrChiangching 🤣

[@episdosas9949]

@@Misaka-gt5yj tell it to everyone. and the government should be helping people out. taxes do need to get paid by everyone. thats how the country stays a country. tell it to the corporations that dont pay any taxes.

[@MrChiangching]

@@episdosas9949 Corporations don't pay taxes, people do