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perhaps it should be capped at 5 bucks . as long as we are talking reducing incomes what about yours ?
unless there were decent returns on real estate there would be no landlords bothering to put up with tenants and the troubles of renting out property to strangers .
Are you saying my income should be capped at a level insufficient to qualify to rent anywhere? That makes no sense.
if what you say was true nyc should have no rent stabilization then right ? the rich powerful landlords would have appealed it and got it thrown out . .
so not the case .
2017 will be the 2nd year in a row with zero rent increase .
our building raised indoor parking spots by 40 bucks a month and hit us all with a 40 dollar a month capital improvement surcharge instead . no one works for free or committs capital to risk willingly for free . . every year it is anticipated you will earn a profit regardless .
like any investment markets do not always cooperate, it is the same as every year you may not get a raise .
NYC is special because the wartime 'temporary' rent controls of the 1940s persisted after the war thanks to the renter majority. NYC was also able to prevent NYS from banning rent control.
Zoning is what keeps area's from being overwhelmed trying to support more than the infrastructure can handle . It also keeps my neighbor from running a boarding house and living in a shanty . They are needed in congested areas especially.
Houston is not controlled by zoning, is it overwhelmed trying to support more than the infrastructure can handle?
You are the only person I know who is happy to live with a pig farm on one side of him and an all night biker bar on the other side. Well, maybe there are others, but Ive never heard of them.
Me, I don't want a pig farm next to me and I think that biker bars should be out on the highway in the commercial district, with their roaring engines and bar fights. So, I am much in favor of zoning restrictions.
I have to admire how tolerant you are. Although, if pressed, I will admit I don't want a rooming house full of 5-6 drunks next to me, either, with the drunken landlord fighting noisily with his girlfriend.
I don't want a pig farm near me, but I do want more housing near me.
Put another way, I support segregation of imcompatible land uses - NO pig farms in residential zones - but oppose density restrictions which prevent sufficient expansion of housing supply to meet demand.
Zoning is what keeps area's from being overwhelmed trying to support more than the infrastructure can handle . It also keeps my neighbor from running a boarding house and living in a shanty . They are needed in congested areas especially.
that way the people that got lucky on the front end can keep prices high and screw everyone else ... so you can retire. So in your last post I agree the situation is antagonistic by its very nature and I think strong rent controls should be a part of zoning. Why should you be able to prevent someone else from putting up what they can afford so that you can gouge them on renting your place out so you can retire?
Houston is not controlled by zoning, is it overwhelmed trying to support more than the infrastructure can handle?
Increase the mil rate in order to pay for infrastructure upgrades and cap the rent as part of the zoning as well. Everyone wants to get filthy rich and retire off of working people that's the issue and no real estate is not the same as working not even close and should not be treated as such by governing agencies.
real estate is mostly passive income and should be treated as such.
how about limiting what you earn or what your investments produce ? i don't think you would like that to much .
real estate is what folks do to earn their living the same as anyone else . you want a market wage for what you do or invest in . .
perhaps they just can't afford to live where they are or need a roommate .
I personally think that elastic and inelastic demand needs to be treated differently, why do you think the gas, phone and electric companies are price capped?
I think there is a bit too much weed and fond remembrance of Sim City in the world.
Want to control rents? Go be a landlord, and put $$$ where the mouth is.
Yep, I am trying to do that now but a lot of contractors have been spoiled with govt contracts so building costs are through the roof. I started doing line item costs for individual components and these generals have monumental mark ups.
But yes that is exactly what I am working on but because individuals have to compete with govt contracts it makes the situation hell. Why would a contractor take a private job when they can get slathered in gravey from govt work at the tax payer expense. So then I look into doing things myself and am up against a wall in licencing and bonding requirements for local munis, its a night mare.
Trump is starting to put the kibosh on this crap but it will take a few years for it to hit and unfortunately a lot of these contractors are close enough to retirement they will just close up shop so the biggest hope is these licencing and bonding requierments go away so people can get to work without getting fleeced. Hopefully the kids who inhert these contracting companies see the hand writing on the wall and wise up that the gravey train is gone and your not going to become a millionare doing one or 2 govt contracts anymore and regular people can actually get some work done.
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