Robert Yorga wrote:
>Were redefining the governments role of providing for
>the common welfare of the people to I got mine, screw
>you.
In no way in my post did I mean to infer that
attitude. I did ask that when discussing how to solve
the affordable housing issue that we consider how
taxes imposed on others affect the affordability of
their housing.
>Why rent control in these circumstances would be a
>bad thing.
It doesn't work. It is a short term feel good policy
of the far left who can feel virtuous by showing how
concerned they are for the poor by spending other
peoples money and controlling other peoples assets.
Its effect on people with money to invest is to tell
them to invest it anywhere but affordable housing.
Keep in mind that everyone who invests in housing is
not a Bill Gates. In the eighties I worked with
several groups of teachers who each invested 5-15
grand, pooled their money and bought apartments. My
companies specialty was rehabs. Our investors were
interested because there were short term tax
advantages and potential for long term growth of their
assets. Put in rent controls you screw investors. Put
in rent controls they invest elsewhere. They invest
elsewhere you screw tenants.
>Do not take what is not yours seems to be a tenet of
>all religions. So what is mine and what is yours?
That is good question. If government decides that
everything I own and earn really belongs to society,
why work and take risks. If on the other hand
government says we are on our own,we have no
obligations to the common good, that is not a place I
would like to live. Seems like we should meet in the
middle somewhere.
Bob Gustafson
13th
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