Tenants and Economists Are Pushing to Regulate Rent for a Vast Amount of U.S. Housing

[Lexington Steele]

I don’t understand how did housing became an investment.

Capital obtained everything that was meant to be for-profit and then obtained everything else and made it all for-profit even where it makes no sense to do so. Housing, healthcare, education. All of it was transformed from public good to business so the rich could have even more.

This transformation took place over decades and coincided with the lengthy political career of Joe Biden, who helped this process along, every step of the way.

But we're told he'll be soooo different in his second term.

 

[Lord Beasley]

So is the housing market still down? IE. no one is buying.

prices are too high right now and that interest rate not helpin. Other than the mass exodus from cali, nobody is really buying right now

 

[Lord Beasley]

It's not just made up, them fukkers use data analytics software to adjust market rates which coincidentally make all rents in an area nearly the same even if some are dramatically newer than the old. You have people adding new fixtures and manufactured flooring and calling apartments built in the 40s "Luxury". It's all a fukking racket.

this right here is too factual. they turn dilapidated warehouses into studio apts and charge premium rent rates. shyt be downtown next to other "abandoned" warehouses used as crackdens

 

[WIA20XX]

Stop Single Family Housing Only Zoning - The market will fix the lack of housing real quick.

 

[At30wecashout]

Yes it is.

I mean its not out of thin air. Markets collude based on a number of factors and are literally synced with software like Realpage Yieldstar
Realpage Software

If rent a neighborhood over ticks up 5% due to new developments, you best believe your landlord is ready to do the same thing even if there was NO improvements made to the building and the neighborhood isn't developing. Realpage is the biggest around and they all sync up by taking real data and justifying the price raises with bogus logic. Like I said, your neighborhood might have plenty of housing but the one a few blocks over has a shortage? Guess what, rent gonna sync up in your neighborhood even with its 12% vacancy rate in the neighborhood. Its like upcharging you on a house in the hood because 15 minutes away the upper-class area is booming.

this right here is too factual. they turn dilapidated warehouses into studio apts and charge premium rent rates. shyt be downtown next to other "abandoned" warehouses used as crackdens

I see this shyt all the time here in Chicago. Luxury has become a loose ass term. Pop in stainless steel appliances and increase the rent $400. Literally the place I left before buying my condo did that with all of the units. Updated the website, lobby, cut a bunch of the staff (after the building was acquired by a bigger company) and started immediately finding cosmetic things to update so they could adjust to "market rate" akin to buildings a whole two miles away. That neighborhood saw 1 beds for less than 1k just before the pandemic. That shyt is DONE now.

 

[UberEatsDriver]

American government seems like a powerless system. How do your let your country become unaffordable lol

 

[the cac mamba]

Something should be done. The whole "market rate" nonsense is something people literally make up with no justification.

it's the rawest form of supply and demand there is if prices are bullshyt, people won't pay them. there's a reason san francisco costs 4x what you can get in montana; the market rate

and i don't have a problem with regulating, but no one actually spells out what the law looks like. i don't see how the government can set a price, or force people to rent their property for a price. it's definitely not a national, federal government issue

what the government can and needs to do, is start blocking these fukking investment companies from buying single family housing. Congress actually could write that

 

[Scustin Bieburr]

American government seems like a powerless system. How do your let your country become unaffordable lol

Everything is actually fine as is*

*If you have a net worth of over $250,000 and real estate.

 

[UberEatsDriver]

it's the rawest form of supply and demand there is if prices are bullshyt, people won't pay them. there's a reason san francisco costs 4x what you can get in montana; the market rate

and i don't have a problem with regulating, but no one actually spells out what the law looks like. i don't see how the government can set a price, or force people to rent their property for a price. it's definitely not a national, federal government issue

what the government can and needs to do, is start blocking these fukking investment companies from buying single family housing. Congress actually could write that

People create value. People who pay premiums just to live somewhere are part of the problem.

 

[The Devil's Advocate]

Yea... This is America... Never going to happen.. EVER

 

[The Devil's Advocate]

American government seems like a powerless system. How do your let your country become unaffordable lol

Our government in itself is about the best man winning. fukk regulations, let every man for himself and let it work itself out. Capitalism at it's finest.

So yea... They can't just make a law to regulate private property costs and how many you can own and what you can charge.... That's for the commies

But like the other guy said, any time they want, they can bar private companies from owning them..... But even then, that case would go to the supreme court cause that's not capitalism either.

 

[CopiousX]

this right here is too factual. they turn dilapidated warehouses into studio apts and charge premium rent rates. shyt be downtown next to other "abandoned" warehouses used as crackdens

I've totally noticed this on the outskirts of town. Corporate landlords be so shameless

 

[King]

Our government in itself is about the best man winning. fukk regulations, let every man for himself and let it work itself out. Capitalism at it's finest.

So yea... They can't just make a law to regulate private property costs and how many you can own and what you can charge.... That's for the commies

But like the other guy said, any time they want, they can bar private companies from owning them..... But even then, that case would go to the supreme court cause that's not capitalism either.

They made laws to enslave literal human beings.

They can make laws to regulate "private property" costs, CAC.

 

[The Devil's Advocate]

They made laws to enslave literal human beings.

They can make laws to regulate "private property" costs, CAC.

Black... I really hate how y'all apply intelligence to being white

I know what they did hundreds of years ago... Today in 2024, they can't do that shyt

 

[JNew]

You will own nothing and be happy.