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President Joe Biden has announced a new plan to halt rent increases in the US.
MSN
Posted from msn.com
Housing
Political Opinions
Government
Capitalism
Posted 5 mo ago
Responses: 3
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Seems government controlling profits would disincentivize investing... no bueno
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Maj John Bell
MSgt Steve Sweeney - No, I'm pretty much against tax credits across the board. The government has too many thumbs on too many scales. Ensure a level playing field - Yay! Start picking winners and losers - Boo!
I didn't say the end of the free enterprise system was upon us. I said it approaches. This is a harbinger of things to come. That someone in government thinks they should have a say in the price of a good or service offered by a private person or entity, through the free market, is absurd. It is creeping socialism.
President Nixon gave wage and price controls a go. I believe that historians and economists agree, wage and price controls did more harm than good.
NYC and other municipalities that practice rent control and rent stabilization create their own set of problems, including inability to cover the costs of maintenance, renovation, and repair and "warehousing" of rental units which decreases supply.
I didn't say the end of the free enterprise system was upon us. I said it approaches. This is a harbinger of things to come. That someone in government thinks they should have a say in the price of a good or service offered by a private person or entity, through the free market, is absurd. It is creeping socialism.
President Nixon gave wage and price controls a go. I believe that historians and economists agree, wage and price controls did more harm than good.
NYC and other municipalities that practice rent control and rent stabilization create their own set of problems, including inability to cover the costs of maintenance, renovation, and repair and "warehousing" of rental units which decreases supply.
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Maj John Bell
MSgt Steve Sweeney - They don't do anything for the free market. But we have to compete in a global market where international competitors have cheap labor, and are largely unregulated. The essentially dump goods on our market and devastate our manufacturing sector.
As I said before, I blocked you because you choose to not be civil. We're at that point again. Fair winds and following seas.
As I said before, I blocked you because you choose to not be civil. We're at that point again. Fair winds and following seas.
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Three men were relaxing on the boardwalk on the beach. After a couple of days they began to talk and bond.
The first guy spoke up and said, “ I used to have a thriving fabric business. Things were tough but I earned a modest living. Then one day, a fire swept through the building and burned up all my looms and storage areas. After that the loss was so bad I said the heck with it, took the insurance money and retied here in Florida.
The second guy said, “Yeah, I feel ya. I had a building in NYC and one cold winter the furnace went out and the maintenance man in the basement was asleep. Once he woke up the fire was out of control and the whole building was gutted. No one was injured because everyone was at a party I was throwing in Central Park so I was really lucky. It was after that I decided what the heck – I’m going South.” Then he looked at the third guy and asked how he wound up there.
The third guy shrugged and told them, “Mine’s a very similar story. I had a motel at Atlantic City. I did okay but it was a seasonal business. Seven months booming and five months empty as a blue sky. I had just tallied the season’s receipts then a hurricane whooshed up the coast and washed my whole place into the ocean.”
The first and second guys looked at each other then at the third guy, shocked at his story. The third guy, realizing they were aghast, asked, “What’s wrong? From what you’ve both me our stories are pretty much the same bad luck.”
The first guy nodded to the second guy who spoke up, We’re just wondering how ya arranged for a hurricane?
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So much for there being free enterprise in rental prices. Better throw some tax incentives for the landlords otherwise their may be a rash of Hurricanes.
The first guy spoke up and said, “ I used to have a thriving fabric business. Things were tough but I earned a modest living. Then one day, a fire swept through the building and burned up all my looms and storage areas. After that the loss was so bad I said the heck with it, took the insurance money and retied here in Florida.
The second guy said, “Yeah, I feel ya. I had a building in NYC and one cold winter the furnace went out and the maintenance man in the basement was asleep. Once he woke up the fire was out of control and the whole building was gutted. No one was injured because everyone was at a party I was throwing in Central Park so I was really lucky. It was after that I decided what the heck – I’m going South.” Then he looked at the third guy and asked how he wound up there.
The third guy shrugged and told them, “Mine’s a very similar story. I had a motel at Atlantic City. I did okay but it was a seasonal business. Seven months booming and five months empty as a blue sky. I had just tallied the season’s receipts then a hurricane whooshed up the coast and washed my whole place into the ocean.”
The first and second guys looked at each other then at the third guy, shocked at his story. The third guy, realizing they were aghast, asked, “What’s wrong? From what you’ve both me our stories are pretty much the same bad luck.”
The first guy nodded to the second guy who spoke up, We’re just wondering how ya arranged for a hurricane?
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So much for there being free enterprise in rental prices. Better throw some tax incentives for the landlords otherwise their may be a rash of Hurricanes.
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