I wouldn’t say everything Mamdani does is bad. I would support his opposition to Israel, & I would be happy if he could somehow arrest Netanyahu.
That said, I think his rent freeze policy is a bad idea. A rent freeze is just the government forcing landlords not to be able to raise rents when a tenant leaves, even if the cost of providing the good has gone up.
I don’t think the government should make it harder for private businesses to provide goods & services. Rent freezes hurt smaller landlords, leaving only the biggest companies able to afford staying in the market. They also lead to rundown buildings, which the government could then use as an excuse to step in and take over those properties. That is probably Mamdani’s intent & goal, since undermining the effectiveness of capitalism could popularize socialism.
good thing “providing” housing costs nothing. it only makes money. you get the equity of owning the building and the rent. the cost of upkeep is always FAR behind rent. the idea that providing housing costs a huge amount of money is absurd. It’s parasitic. If the people paying the rent, which is the upkeep and additional profit, owned the equity, they would also eventually break even and make money. Talking to people like they aren’t smart enough to understand how badly they are getting robbed, isn’t an argument. it’s assholery.
Honestly, I’m under the impression that building a building requires scarce resources and labor, which have opportunity costs reflected in market prices, and maintaining a building likewise requires ongoing expenditures. I would agree that, when someone becomes a landlord, the goal is generally to earn a return on the capital they risk, while facing uncertainties such as tenants not paying rent, changes in government policy, and other market risks. Whether any particular landlord is a good or bad person is something I can’t really speak to.
If Trump goes to war with Iran, the price of oil goes up. Since you’re restricting supply, things like airfare also go up because they rely on jet fuel to provide their service. It’s the same with housing. It’s all supply & demand.
Yes and a price limit could be applied to oil there just isn’t. This technically causes a “shortage” (which means something specific not just whatever you think) but housing and oil are complex markets and there’s a lot of nuance. Also housing doesn’t get consumed or ever move. It’s not like the landlord can ship a building somewhere that rents are higher.
I wouldn’t say everything Mamdani does is bad. I would support his opposition to Israel, & I would be happy if he could somehow arrest Netanyahu.
That said, I think his rent freeze policy is a bad idea. A rent freeze is just the government forcing landlords not to be able to raise rents when a tenant leaves, even if the cost of providing the good has gone up.
I don’t think the government should make it harder for private businesses to provide goods & services. Rent freezes hurt smaller landlords, leaving only the biggest companies able to afford staying in the market. They also lead to rundown buildings, which the government could then use as an excuse to step in and take over those properties. That is probably Mamdani’s intent & goal, since undermining the effectiveness of capitalism could popularize socialism.
Price Controls | Joe Salerno
good thing “providing” housing costs nothing. it only makes money. you get the equity of owning the building and the rent. the cost of upkeep is always FAR behind rent. the idea that providing housing costs a huge amount of money is absurd. It’s parasitic. If the people paying the rent, which is the upkeep and additional profit, owned the equity, they would also eventually break even and make money. Talking to people like they aren’t smart enough to understand how badly they are getting robbed, isn’t an argument. it’s assholery.
Honestly, I’m under the impression that building a building requires scarce resources and labor, which have opportunity costs reflected in market prices, and maintaining a building likewise requires ongoing expenditures. I would agree that, when someone becomes a landlord, the goal is generally to earn a return on the capital they risk, while facing uncertainties such as tenants not paying rent, changes in government policy, and other market risks. Whether any particular landlord is a good or bad person is something I can’t really speak to.
Just because the cost to produce something goes up doesn’t mean the product price needs to go up.
If Trump goes to war with Iran, the price of oil goes up. Since you’re restricting supply, things like airfare also go up because they rely on jet fuel to provide their service. It’s the same with housing. It’s all supply & demand.
Yes and a price limit could be applied to oil there just isn’t. This technically causes a “shortage” (which means something specific not just whatever you think) but housing and oil are complex markets and there’s a lot of nuance. Also housing doesn’t get consumed or ever move. It’s not like the landlord can ship a building somewhere that rents are higher.