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David Watson 🥑
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The FT comment section generally has pretty good takes such as this. And this aptly describes another way that politicians abuse their positions.
Cue a leftist saying "If you can't afford to make repairs to damage caused by young children while charging only €800 in rent, then you can't afford to be a landlord."
Rent control as another example of the Curley Effect, where politicians select dumb voters by passing dumb policies that push out smart.
Socialists create shortages so that they can control people through rationing and allocation.
Seeing a lot of haves commenting. Rentseeking and nimby is what has made it dis-functional. Housing is not an investment category. Plenty of other venues to park your money without doing it at the expense of young families.
When government price ceilings force landlords to pick single elderly tenants over working families just to survive the regulations
same thing here in LA - our socialist city council buys votes with the generally the most heavy-handed renter protection rules in the country
You're not allowed to be efficient in the most autistic country in the world
We are going to have to talk about the fact that democracy is destroying the West. Therefore, in order for our civilization to survive, we need to get rid of democracy.
rent control is price control. price control is political capital allocation. political capital allocation is inefficient. 1 buyer wins. the politician wins. everyone else holds the bag.
I don’t get this. Why would they choose the family if there wasn’t rent control? Because they could hypothetically outbid the old lady? Now they have to live on outside of Berlin? Cant they just find a more expensive apartment in Berlin?
honestly that sounds fucking great yeah ill wait two months and see 40 places and then get one i can afford you realise only freaks who make 200k on ai or email or whatever think its worth it to 'get an apartment fast' bc they can 'pay 5k a month' right
Thats the areas with rent control, the prob is also the much smaller amount of free market options triples. Another prob is you wouldn't complain if your building is crumbling because you'd lose rc. So nobody fixes anything and doesn't need to
Absolute retardation and it's not so difficult to understand, so why does it happen?
The knock-on effect of course being that people just lie, cheat, etc. to get the housing they need. Perverse incentives.
Rush Limbaugh’s voice blaring on the radio. The smell of cattle wafting in the air. The privilege to share beliefs and values with neighbors. These are the treasures of the America I grew up in and will fight for. If you want to know where I came from, here’s the story:
Could the family actually outbid the 60 year old? I'm not so sure. Definitely isn't the case here in the US. Also nobody's mad at meemaw for demanding a 3br she doesn't need
3 room apartment in Berlin city center for 800 euros 😂😂 only if the rooms are bathroom, kitchen and sleeping room
I lucked out in my visit I must say. Also I will add that the current system, ironically, just ends pushing people to stay with shitty real state companies that rent, because the options to move away from them are limited, reducing the incentives for them to improve
all true. is there anything productive still to say on socialism. we know it is a disease how do we cure it
Compare this to German markets where rents are artificially high, such as landlords in special programs for renting to immigrants or American soldiers. Those landlords actively prefer families, even if they don't get more rental income from them.
> Wouldn't have given the family the apartment anyway unless it was super easy to kick them out whenever they feel > Cant say in their ideal system that both would get a home, just that ideally someone would get charged "an arm and a leg for it."
So yeah, you can get the couple in for 1600€, they will spend 60% of their disposable income in housing, don't spend much in the real economy and then you are going to complain because government spends a lot of money on childcare.
It's good when you've got a long contract...but then you also start making life decisions about not being able to afford to give up an apartment because the contract is 15 years old and the rent is 3 times less that the current rate...
The alternative would be for governments to build housing with good public transportation, perhaps subsidized by property taxes from "location, location, location" with higher land values.
I own an apartment and the day i have to rent it out, i will just sell it and use the money to invest in ETF. Property investment is a nightmare. Spend 500k and get 738€ rent.
If I was a landlord and opposed rent control, I would probably thusly fuck over as many people as possible so they all hate it and vote against it. If some billionaire wants a 3BR for their pet hamster, I'll lease it to them.
Doesn’t matter. Whatever facts you present, the average German’s response will be : “Ja, but we are helping people”