Vice tells us that “experts” and some economists support rent control. However, what is actually happening is that a small minority of economists think that rent control is a good idea. There's always disagreement in everything. But that's who Vice chooses to quote:
Economists Support Nationwide Rent Control in Letter to Biden Admin
“All the empirical literature suggests that the basic economic story does not hold” when it comes to anti-rent control arguments, said one economist.
It's not even a letter to the Biden administration. It's an entry in a Federal Housing Finance Agency call for comments. That is, it's a letter from political activists as an entry into the political process. Exactly where we would expect to get an unbiased discussion of the science, right?
Generally, for economists as a whole, rent control is the one subject where there is the greatest agreement. As Greg Mankiw notes, 93% of economists agree with the statement “A ceiling on rents reduces the quantity and quality of housing available.”
One Swedish socialist economist, Assar Lindbeck, once said: “In many cases, rent control appears to be the most efficient technique presently known to destroy a city—except for bombing.“ Yet, Sweden has rent control. Even the official (yes, official) time to get an apartment in Stockholm is between 7 and 11 years.
Back to Vice:
The letter from economists is part of a larger campaign initiated by the People's Action's Homes Guarantee campaign, which has been advocating for federal renter protections and met with the Biden administration last year. Earlier this week, the campaign also released a letter signed by 143 academics supporting rent regulations. 17 U.S. Senators and more than 70 climate researchers also submitted comments in support of rent regulations in rental housing with government-backed loans.
That shows what's really going on here. This is a political campaign, not an analysis of the economics. Climate researchers are telling us about rent control now? So what's a media outlet doing backing a political campaign rather than just reporting the news? Well, they're not doing journalism, are they?
And, just to prove that rent control is a bad idea, New York City has had rent control for three generations. We all know how easy it is to rent an apartment in New York, right?
This article originally appeared in Accuracy in Media. The opinions expressed in this article are those of the author and do not necessarily reflect the positions of American Liberty News. Republished with permission.
RENT CONTROL? well think of it this way: It’s a simpleton Ploy for GOVERNMENT Housing and looking at Chicago and New York just to name two, proves it doesnt work worth a crapola.
Imagine you by a building but you can never sell it for a profit because your rent collection is less than your mortgage? If you dont raise rents how do you pay government imposed Taxes and County taxes and up grades to keep the building preserved and since most renters are lacking a conscience about how they keep others property, who wants to move in with hundreds of CockRoaches or fifty walls, sinks tubs, tile and destroyed appliances
If a person buys an apartment its to invest to make money, its not there to make the renters life a FREE PASS or you can buy your own home or choose to rent.
Sadly: Either in this day of lack of character and pride in peoples hygiene is not equitable. It’s a money pit, but Communists want you to think they are taking the “SELF RIGHTEOUS IMORAL IDEA” someone owes you something?
Ah no, others owe you nothing financially, thats up to you. However they owe you the CONSTITUTION and its provisions.
Not one communist socialist war ever brought peace and good to those involved, but the top echelon of the implementor Thugs who make war benefit.
Use commonsense
Rent Control?
Well think of it this way: It’s a simpleton’s Ploy for govmunt housing and looking at Chicago & New York, just to name two, proves it doesnt work worth a carpola.
Imagine you by a building but you can never sell it for a profit or maybe only losing what you had put in, because your rent collection is less than your mortgage?
Understand this the guvmunt doesnt stop the taxes and assessment on the owner but you want a break?
If you dont raise rents how do you pay government imposed County taxes and upgrades to keep the building preserved? Seriously you know; Most renters are lacking a conscience about how they keep others property. Seriously who wants to move in with hundreds of CockRoaches or fifty walls, sinks tubs, tile and destroyed appliances and flooring?
If a person buys an apartment its to invest to make money, its not there to make the renters life a Free Pass. Otherwise if you cant comprehend that then you can buy your own home or choose to rent.
Sadly: Either way in this day of a lack of character and pride in peoples hygiene owning an apartment building is not a money maker, as it’s not equitable. It’s a money pit.
However the Communists want you to think they are taking the “Self-Righteous Moral High Road Idea” that someone owes you something?
Ah no, others, regal people just like you who make decisions about their money owe you nothing financially, thats up to you. However they do owe you the CONSTITUTION and its provisions.
Not one communist socialist war ever brought peace and good to those involved, but the top echelon of the implementor Thugs who make war benefit.
Use commonsense
As a former rental house owner, the “economist” can pound sand on rent control. They don’t have to pay for complete interior repainting, including ceilings, between renters. They don’t have to pay for re-carpeting after renters. They don’t have to pay for plumbers and other maintenance. They don’t have to pay for the mortgage. They don’t have to pay for a new roof. They don’t have to pay for a new air conditioner. They don’t have to pay for a complete remodeling of the kitchen and one bathroom. I did.
Some renters are slobs and destroy things as well as having a charcoal BBQ under a roof. 🙄
Nationwide Rent Control? Really
Bye Bye apts