Journal TibbonZero's Journal: No rent control in Boston!?!?!?! 2
Ok, so the bastards voted out rent control in Boston and the surrounding areas. They said it would bankrupt multifamily home owners, etc...
Well how about this? More people are having to move out of the city every day because they can't afford to pay 700/month per bedroom. They are being broken and starved by this inflated rent (which in some way is probably affected by the Fleet Banks in Boston).
The Mayor just wanted to limit rent inflation to 10% once a year for most housing, and 5% a year to low/low-mid income and the elderly housing.
If I am doing my math anywhere near right, 10% a year, in 11 years- is about double. Ok, so in 11 years, and $1400 dollar a month apartment would be around 2800 dollars??!?!?
They say that landlords need to keep up with inflation of costs, but really how the hell does that happen. My landlord owns about 1200+ units. He sucks cock by the way, and acts like he doesn't understand english, after graduating from BU and living here for 30+ years. Right... From what I understand, if you go to Spain or France, in a few months you would speak Spanish or French better than this guy pretend to speak english.
Anyway, more on to landlords. How are their costs going up by that much a year? Oh wait, a person's main cost in life is their housing. Hmm, so if their housing goes up by 10% a year, then they will probably charge about 10% more a year (ok they are profitting there, but just think that a little inflation really does exist).
So, if they stopped raising rent. And inflation is only something like 2% a year according to reports. Then they would only have to go up by about 2% a year.
If they capped rent for 5 years, asides from landlords not wanting to do anything, here's what would happen- Landlords and multifamily homeowners would go broke. Yea, some of them would have to find real jobs. But, at the same time, the Market would be flooded with housing for purchase, and it would start to
1) Lower the cost of housing in general to own,
2) put most people in ownership positions instead of renting positions.
I think that sounds like a good thing. Where else in the world would you pay 300,000 for 400 sq ft to own? Yea, see what I mean, it's crazy. My apartment would be 100/month or less in North Carolina, and be considered the projects. Hell the projects have more than 350+ sq ft I have.
We need another Rent protest. People must band together and form a Renters Union, and people must 'strike' from paying their rent. What will they do? Evict half the city? Arrest everyone? Obviously the power is in the people, and the people outnumber the landlords. It just feels like something is wrong and something should be done. I know I don't have all the right solutions, but I think this is a start.
Ok, now after ranting plenty, I feel much better. Thanks for listening
Well how about this? More people are having to move out of the city every day because they can't afford to pay 700/month per bedroom. They are being broken and starved by this inflated rent (which in some way is probably affected by the Fleet Banks in Boston).
The Mayor just wanted to limit rent inflation to 10% once a year for most housing, and 5% a year to low/low-mid income and the elderly housing.
If I am doing my math anywhere near right, 10% a year, in 11 years- is about double. Ok, so in 11 years, and $1400 dollar a month apartment would be around 2800 dollars??!?!?
They say that landlords need to keep up with inflation of costs, but really how the hell does that happen. My landlord owns about 1200+ units. He sucks cock by the way, and acts like he doesn't understand english, after graduating from BU and living here for 30+ years. Right... From what I understand, if you go to Spain or France, in a few months you would speak Spanish or French better than this guy pretend to speak english.
Anyway, more on to landlords. How are their costs going up by that much a year? Oh wait, a person's main cost in life is their housing. Hmm, so if their housing goes up by 10% a year, then they will probably charge about 10% more a year (ok they are profitting there, but just think that a little inflation really does exist).
So, if they stopped raising rent. And inflation is only something like 2% a year according to reports. Then they would only have to go up by about 2% a year.
If they capped rent for 5 years, asides from landlords not wanting to do anything, here's what would happen- Landlords and multifamily homeowners would go broke. Yea, some of them would have to find real jobs. But, at the same time, the Market would be flooded with housing for purchase, and it would start to
1) Lower the cost of housing in general to own,
2) put most people in ownership positions instead of renting positions.
I think that sounds like a good thing. Where else in the world would you pay 300,000 for 400 sq ft to own? Yea, see what I mean, it's crazy. My apartment would be 100/month or less in North Carolina, and be considered the projects. Hell the projects have more than 350+ sq ft I have.
We need another Rent protest. People must band together and form a Renters Union, and people must 'strike' from paying their rent. What will they do? Evict half the city? Arrest everyone? Obviously the power is in the people, and the people outnumber the landlords. It just feels like something is wrong and something should be done. I know I don't have all the right solutions, but I think this is a start.
Ok, now after ranting plenty, I feel much better. Thanks for listening
Sup man, (Score:1)
Already on my way... (Score:2)
CALL ME!