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Updated over 2 years ago on . Most recent reply

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Federal rent control?!

Posted

After the Covid rent debacle involving CDC and the Supreme Court, here is the next shoe to drop: Federal Rent control. Some states are still holding landlords hostage, by not allowing rent enforcement, eg California. Here in Nevada, the Democratic Assembly leader mentioned the coming avalanche of rent defaults, A crisis of their own making, as I opine. The Communist part of the Democratic party has finally realized the end effect of not paying your rent, and they have a solution. As always to the detriment of everyone. The fact, that it is not in the jurisdiction of the Federal Government to get involved, is simply brushed away. Having traveled to Eastern Germany, I have seen what public housing under a Communist regime looks like, and I want no part of it.  A more recent example from Berlin, Germany gives an excellent historical view.  Many multifamily housing projects were built there 100+ years ago. Of course, the standards were much lower, and with minimal upkeep, they deteriorated so much, that they were sold to private developers 3 decades ago. They rehabbed and improved the buildings and made them attractive to renters. 2 years ago the Berlin State voters approved forcefully taking the private property and making it public housing again, managed by the same types of bureaucrats, that ran it into the ground to start with! I much hope we are not going to permit the same folly. Call, write bug your congressman and senator.

Most Popular Reply

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82
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Brant Jones
  • Investor
  • Redlands, CA
48
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82
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Brant Jones
  • Investor
  • Redlands, CA
Replied

A mere political stunt that equates to virtual signalling - agree with @Ron Brady that the headlines are just shock and awe. More legislation introduced by people that have never run a business or held a real job, and have spent their whole lives living off the government. They know it is unconstitutional, but they will push it through anyway via executive action, that will then be challenged and overturned in the courts after long litigation periods. Meanwhile, the landlords and tenants suffer, while the attorney's get rich, and the falsehoods drive more division. Sad.

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