Taxing the hell out of income properties, not just corporate landlords, but also retail hustlers that are also adding fuel to the fire.
Hell, raise taxes in general. Make the wealthy “use it or lose it” instead of engaging in financialization.
I think taxes will get passed to the renters in this case. I remember in econ 101 that for inelastic goods (such as housing) there’s a way to calculate how much of a tax will get passed to the consumer (i.e. Renter). The more inelastic the demand, the more the tax is paid by the consumer because they don’t really have a choice. Raising taxes would probably just drive rents up and possibly make more people homeless or forced to choose worse living options (e.g. Domestic violence would likely increase).
Maybe this approach is meant to avoid this problem. It probably creates other problems though. But better shouldn’t be the enemy of good. The problem needs to be solved because using real estate as investment vehicles is destroying the financial futures of young generations.
A 60% rent claw back :D
And after that, tie it to inflation
Stop calling republicans “nazis”. They are literally worse than nazis, and I mean this by the meaning of every single word said here.
They had History classes in school that endlessly taught them how not to be, how being racist and a pos is evil and so on, yet they decide to still become that shit and double down on everything evil they say and do. Blaming democrats for Trump’s shooting, calling them pedophiles for everything, calling gay people and black people inherently evil and violent, insituating all the time that transexuals are evil too, that women deserve less rights, all of that shit, while using religion as a backup, is the most demonic bullshit I have ever seen. They are going to make nazis look like innocent people who were brainwashed once they are in the books too. As I said, they refused to learn to be good people, having the internet and endless amounts of history to learn from; and that’s is completely inexcusable, as much as they scream or cry about it.
Just stop wasting your time expecting a redemption arc from these people. We need to understand that, if God is real and so is the Devil and all that dumb divine shit, these people are not on God’s side at all. God wants us to be happy and united, not waste our time sucking and riding his dick all day in churches, this is why he’s causing a lot of natural disasters and violence, it’s his way to tell us that we are fucking everything up. He wants democrats to wake up. We can play this dumb game aswell.
My brother has Down Syndrome, all he does is make people laugh and apologizes first even when it’s not his fault. He cannot speak, yet, God sent him to me to be able to see the true colors of people more easily, by looking at how they react when they see my brother, the way they treat him or look at him with disgust; republicans’ have the worst ones I have seen. My brother and I are slowly dying, poverty is killing us, and all that has been caused by people like republicans. They are threatening our lives, killing us slowly. I am a mexican, the majority of republicans I have come across in my life have been nothing but racist jerks who treat us like we are worth less, less human, less important than them. They pay us 16x times less for the exact same job and quality, just for being mexican, just for being brown. They hide behind the law and pieces of paper that allow them to do that, and they mock us too whenever the conquest of mexico is brought up as a topic, they think they have the right to be absolute evil just because they won a bloody war in the past, and they get incredibly mad and angry if you even imply there should be another one or that they should be hit back with consequences in any way for all the damage and harm to others they’ve caused. That’s who they are, the majority of them, and I cannot really do anything about it anymore, we will die in silence and be forgotten forever. And if you’re republican and think bringing up the “libs want abortion” argument with me, or gaslighting my personal experiences in hopes of invalidating them, will just add to the pile of evil I am literally talking about right now. So, please, don’t even bother, you stupid demon.
The corporate democrats who inside trade want him to step down.
More progressive action in his admin and “progressives” here back all the articles calling for him to step down.
You getting dizzy from all that spin?
I applaud the work that Biden has done and if we could keep his cabinet in power for another four years I’d be as happy as a clam. I, and I believe most of the other folks, want Biden to drop out because we believe he isn’t able to actually win reelection and Trump is an existential threat.
Correct. I don’t have any problems with Biden aside from the seeming fact: he will hand this election to Trump.
Agreed. I need someone to give a clear and full throated response and alternative to fascism. Joe is a good man, but not the person we need right now.
FUCK THAT SOCIALIST BULLSHIT!!!
Amirite?? Is making public policy that stops greedy assholes but popular with the voting public what we’re supposed to be doing here? Oh…fuck. -GOP
Biden’s rent control plan must pass through Congress to become reality.
🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣
😮💨
🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣
😭
I usually hate emojis, but this was the best way to express my reaction.
While it might seem good in theory. This is just going to result in a yearly 5% rent increase. Salaries don’t increase that much. So this doesn’t really do anything to curb the issue.
While accurate that pay needs to rise too, some people would kill (not literally) for just a 5% increase. A lot of people have 10-15% increases so it just being 5 percent would be huge for millions of renters. And it’s not like landlords aren’t already increasing rent every year.
Yeah, it’s still better than nothing. Just wish it was more like 2.5 - 3%. Which is more in line with what people see with yearly raises.
What’s Next?
Nothing, the answer is nothing.
This is “proposal” has about the same chance of passing Congress as I do of farting diamonds. It’s just empty rhetoric to pander to voters. Can’t say I blame Biden for putting it out there, elections are all about empty promises. But ya, he may as well be promising unicorns and rainbows for everyone, for all the chances this has of becoming law.Probably a court case and a reversal.
Capping rent on an amount we already can’t afford doesn’t doesn’t work
