@KloydLaufman Answer the question since you brought up profit motive.
If I’m an independent contractor and I know I can make a profit off building a building, even if it tanks rents a little bit, will I still build the building? Yes or no?
@boggsbroads65@Antikeburg Rent control and HUD rules on new construction stops buildings from being built.
Leftists are always too low IQ to understand second order effects.
It’s documented that you’re sub 105 IQ if you can’t do this.
@Lunasreign_@gwarrior201 You’re aware inflation is a thing yes? And if the city has policies that make new construction not happen, market rates go up.
That’s not the landlords fault, it’s the city’s fault
@KloydLaufman You’re the prime example of why public education is a waste of tax payer dollars.
If I can build a building and make a profit off of it, do I care if it slightly lowers the average rent?
@SocDem_Erika You getting a public education was a waste of tax payer dollars.
Another landlord buys the building and doesn’t repair the units. Congratulations
@EdwardBittner16@connoramulhern This is an idiotic take that shows you lack the ability to understand second order effects, which shows a lack of intelligence. A stable housing market without the government fucking everything with HUD programs will always over build
@DrCameronMurray@connoramulhern It’s almost like if population starts booming it takes construction a year or two to catch up. Are you really so slow that you can’t figure that out on your own? What are you a doctor in?
@Incognitonhzrd@EthnoMaoist@TheOmniLiberal@america Because it’s the social contract that I live under and I want to avoid a Hobbesian outcome. Even though the dregs like you would be quickly weeded out if that happened
@Incognitonhzrd@EthnoMaoist@TheOmniLiberal@america I’m the type to bitch about taxes being spent on people like you where high school is just a waste of money. All you’re good for is putting the fries in the bag and handing the bag out the window to the car. What is someone like you ever going to use algebra for?
@Incognitonhzrd@EthnoMaoist@TheOmniLiberal@america Anybody who can’t control themselves and breaks the law should go to jail.
Like for example you can’t spell retarded correctly. It was a waste of money sending you to public school. But I still pay taxes
@MysterEGemini@SlayTheBeast5@romanhelmetguy How about instead of believing a mayor who never worked a real job in his life, you can see that NY state tax is already at 10.9% for upper bracket.
Why is Goldman Sachs, Apollo finance, JP Morgan all building HQs in Texas/Florida?
@SonOfMatlock@KoochDog@machinic_phylum@vickrussotakes It doesn’t, it just makes their prices higher on market rate units, and lowers their upkeep on rent controlled units.
Combine that with the supply slump that rent control and HUD has caused and here we are