The landlord had told them he wanted to raise the rent to $3,500 and when they complained he decided to raise it to $9,500.
“We know that our building is not rent controlled and this was something we were always worried about happening and there is no way we can afford $9,500 per month," Yumna Farooq said.
It shows that “no rent control” basically means “your landlord can throw you out at any time without notice” by raising rent to a ludicrous amount. It completely undermines all other tenant protections. Even conservatives should be supporting at least modest rent controls to prevent cases like this.
Most conservatives are middle class small business owners and landlords, this is why they are always supportive of “small government” it’s just a dog whistle for unregulated market.
I saw a documentary that spoke to some Twump (sic) supporters who lived in a shithole building that they didn’t realize was owned by the Kushners. I can’t recall anything else about it that might help identify it.
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They’re not generally cartoonish evil, I’m sure they agree that some tenant protections against sudden eviction are a good thing, and allowing unlimited rent hikes completely obliterates all that.
You really need to look at how they’re talking on landlord forums and such, the way they speak about tenants. Reality will remove this naive idea from your mind.
I agree they are not cartoonishly evil, in so far as that a cartoon villain usually is thwarted by good through the power of friendship. Real villains don’t have such opposition.
You mean, worse than you speak of landlords?
False dicotomy. People talk shit about landlords because of how they’re treated by them. Landlords talk shit about tenants because they’re pieces of shit which is the same reason they treat tenants like shit.
And how are they treated by them, exactly? Asked to pay for the space provided?
From my experience most people don’t care until they’re inconvenienced in some way, so they won’t have an opinion on it so they wait until someone they rely on and trust to tell them how they should feel. I think we all know which entertainment network is going to tell them all about why rent control is ruining Canada/America.
This is Canada do people even get that network here?
Yes
I read a study that showed they’d rather hurt themselves than help others, even if helping others helped themselves as well, directly or indirectly. It tracks, frankly
A “dog whistle” is something disguising the true message, while there’s no attempt to hide it here.
(I am in support of an unregulated market, but also of trade unions and consumer unions and anarcho-syndicalism, which are natural parts of it)
Modest is what we had before. Never vote Conservative.
I think last year’s inflation spike demonstrates that “2.5% per year regardless of your carrying costs or maintenance costs changing due to interest rates and inflation” is not modest. A reasonable rent control policy would let landlords gradually adapt to market realities without giving them the power to gouge or de-facto evict tenants with sudden rent spikes.
I don’t know how this law passed but it should definitely be repealed
Ok, your rent is now $1 million. A month.
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Yes, rent control, our panacea.
A short term band-aid that causes long term problems. Government price controls are a tale as old as time.
Jesus, I’m getting it from both ends here, somebody else is dumping on me for suggesting that a rent-control system that’s a few points above inflation so that landlords could adapt to the market without abruptly bankrupting their tenants was somehow a reasonable compromise.
I’m not arguing for extreme rent-control policies, just that no rent control is bad because it lets landlords write their own eviction laws.
Peg it at like 2.5% or 5% per year above inflation and you can’t use it as a sudden backdoor eviction but you also let landlords adapt to market reality over time.
Capping rents might be stupid for all the reasons economists say, but putting a damper on sudden price shifts is just being humane.
The “humane” thing would be to make any and all rent seeking behavior very explicitly illegal, but that’s unlikely to happen.
So wait where do college students live in your world?
So the first point is simply false, the second point is symptomatic of the third point which is simply an example of a poor policy.
Also the second half of the third point is completely fucked off. If new construction were exempt from rent control then your ROI would be better on building units than buying units.
Before I took economics in college I would have downvoted you. Price ceilings don’t solve the problem.
Now that you have studied economics, what do you think he got wrong that keeps you from pressing the “This is factual” button now?
It’s funny, somehow I managed to understand this before any college. Because supply and demand are supposedly quite intuitive.
Nice ChatGPT copypasta, bro
It was a lot faster than writing it myself
Sure, but it’s irrelevant. There’s no economical rigor behind those statements. They could be true, they could be hallucinated.
I didn’t just type it into ChatGPT and copy/paste whatever it wrote without looking it over lol
We have rent control in Paris, France. Appartments are still expensive, but I pay 1600 euros per month for 60sqm in the center of one of the liveliest cities in the world.
Rent control WORKS.
It’s inevitable that any type of price control will lead to supply/demand issues. That’s great it worked out for you but it is well documented that rent control harms rental markets long term. Anyone who disagrees is in denial.
And for the places without rent control with supply/demand issues…
Yes, multiple things can affect rental supply, not just government price controls.