The “Water Cooler” will be up Monday-Friday in the noon hour.
QUESTION: Do you think rent control is a good or bad thing?
Talk about it….
The Water Cooler – Is Rent Control Good Or Bad?
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Bad
IF owners feel they are not making enough return, expect their inventory to turn into condo conversions.
Meaning fewer rental properties available.
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“The most terrifying words in the English language are:
I’m from the government and I’m here to help”
–Ronald Reagan
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Only time will tell . . . . .
It’s good for lawyers and bad for everyone else.
Rent control, or any government control of the market is always bad.
And simply wrong.
very bad for both landlords and tenants. Now, rental properties will be less available due to the rent stabilization.
I agree with the previous comments on earlier post on the rent stabilization that if we are going to do another repeal. we have to vote out Mayor Ed Bisan and Vice mayor Carolyn Obringer
Word on the street is that allegedly this will be an exchange of votes. Mayor votes yes on rent stabilization and the pro groups will help with votes for his campaign. Now, don’t believed me, believed the streets.
Bad … let the free market rein and keep government out!
Love the myth of free market rein solving all. As if we’ve never had to put regulations on child labor, workplace fire safety for employees, rest/lunch breaks, working hours, vacation time, price fixing, monopolies, . . . . .
Bad!
Politicians can pass all the silly laws they want, but they cannot repeal the law of supply and demand. And every action the government take serves to decrease supply and thus raise prices.
When capital (or land) is concentrated in fewer and fewer hands, is that a free market? Is a monopoly a free market?
What about PG&E pricing being limited by the government? You know dang well they would charge quadruple if they weren’t regulated.
The government that you love so much is the reason PG&E is so high now. All we need to do is build a couple of new power plants but who is stopping that? The government. In this country we can all own private property. Lying corrupted politicians don’t have the right to control any of it. We are not Russia or China yet.
When PG&E owns ALL of the infrastructure to deliver energy to you, it doesn’t matter how much power you generate bud. Who’s going to put up the costs to purchase or build all new infrastructure? Go ahead, I’ll wait…
So, you know how much infrastructure it would take to connect a new power plant to the grid? You really think that cost would not be made up by the amount of power the plant would produce in a very short time? The more power we have, the cheaper the cost. It’s the same for gas, food, everything. So it comes down to producing more power or ration the power we have. Your choice.
Very bad! If rent is too high, the owners can’t rent them. When they lower the rent, this allows tenants to acquire them. It’s called supply and demand along with competition. Not hard to figure out.
No longer accurate. The growing gap in incomes that has eroded the middle class means many owners, especially the corporate owners, can afford to let the rental units sit empty until they can rent at a high amount. Many units sit empty in SF because the owners can afford to wait out years empty per the Ellis Act.
Even in new construction you see this here in Concord with many lots sitting empty for years until the owners decide it is very profitable to build. Supply and demand is skewed in real estate – developers don’t build until they can build market rate housing and they have enough money available to do that. They do not build less expensive housing just because it is in demand; of note, they aren’t building it now and it has never been more in demand. And, despite private owners thinking this skewed situation will only affect lower income renters, think again. We are all in this together and as the income gap widens, you will all eventually fall in one way or another.
Almost all the problems you stated from eroding the middleclass to allowing millions of emigrants into our country that has caused this so-called housing crisis, was and is caused by government policy and regulation. How on earth can you think that more laws and regulations by the same government that created these problems will make life better. You are right, we will all fall. Our only chance to flourish with opportunity and prosperity is to get government out of our daily lives. Government was never meant to control us.
By definition land (and by extension) housing is a finite resource. Let’s call that a limited supply.
And if humans continue procreating (we will) that’s an unlimited demand. So please, tell me how capitalism solves that problem without regulation. Again, I’ll wait.
Simple. Supply and demand. When there is high demand for a product there is potential for profit. So that creates jobs. Labor, sales. So, there will always be housing that will be built. That is all created without government. Sure, you have standards that have to be met. People have the opportunity to be very successful in a free society. You don’t have that in a socialist or communist society.
We have record numbers of homeless people and we’re still arguing that rent control is a bad idea.
Why keep adding laws, the state has protections in place. Also, why just protection for renters? How about some home owner protections, put at cap on the cost increase of my water, electricity and gas costs they keep going up and possibly could push me to homelessness.
So if rent is lower the homeless will move in? And take care of the proberty they are renting? The problem is not homelessness the problem is drug addiction.