Any landlord or homeowner that is a Democrat is a fool.
The Democrats have declared war on citizens, drivers, tax payers, and generally anyone who believes in the rule of law
No No No, you have the wrong mentality
My thinking is that if you can’t beat them. JOIN THEM.
sell all your asset in SF and invest in other captializm country
so in the united states, you’ll become the part of the good side as 無產階級. Once you got nothing, you can live off from government, rent the house in SF and eventually take the property away from the owner. =)
Strict rent control is the end of the landlording in rent controlled cities. With no rent increase allowed for new tenant, it means a forever low rent increase. It makes zero sense.
Also with a forever rent control, it makes very little sense to build apartments. Builders will build only condos, never new rental apartment
Also the argument for renting instead of buying can actually make sense. @tamato can rent a mansion in Mountian View for a good price and can keep the mansion forever. Over his lifetime, he would save millions. More important, his descendants will save many tens of millions when he pass the low rent to his children.
Actually it’s good idea to rent a house in a rent controlled city if this passes. The lease with a permanent rent control would be worth a lot. Does Mountian View has just cause eviction?
SF, Oakland and SJ are perfect place to rent a house. You can sell all your properties in rent controlled cities.
For properties in non-rent controlled cities, you should monitor the policy change carefully and sell immediately when the rent control is a possibility.
Which capitalistic country? Singapore
i believe singapore ppl majority of them buy gov housing. so private house might be in lesser demand , that might make it slower to appreciate and harder to rent out.
It’s time to donate one month rent to defeat Prop 10
Rental market is at the danger of disappearing after the November election! Prop 10 allows strict form of rent control. All old/new, all single family, condo and multi-family properties will be under rent control. And it will NOT even allow charging market rent to the new tenant after the old tenant moves out or passes away. Rental market will disappear because no property will be able to charge market rent under no circumstances. There will be no market rent at all. A shutdown of free rental market will cause severe rental property shortage and make new tenants homeless. It will affect the average income people the most. It will deny housing to millions of people. This is the website for the campaign to defeat Prop 10 and to protect Costa Hawkins. Everyone should register and donate to the campaign to protect Costa Hawkins. Donations can be made online. $100+ per unit is recommended. Stop Proposition 10
So to beat rent control one should learn from Singapore to nationalize housing?
Don’t take me wrong. I like SG’s approach. I just don’t like this primal scream against “socialism”. Whatever policy works is good policy. Rent control is evil because it doesn’t work.
US overall don’t have a housing rent issue. we have a lot of land , house. just everyone want to live in the best part of the US.
if every singapore ppl want to live in the best part of the city, they will have the same problem right?
Naturalization of all properties including houses, apartment, stocks, aapl, amzn would work perfectly to end inequality. No doubt about that. Of course, government officials may become szars and government official may demand monetary and sexual bribes when you badly need something for leaky roof, broken sewage line or urgent disease.
With the strict rent control, landlord can also become szars when the old tenant moves out or dies. When there are 100k well qualified applicants for the vacant rental property at dirt cheap price, which renter should the landlord choose? Probably family members first. @jil may rent to his grandson, @sfdragonboy could rent to a nephew’s kids or simply to a would be mistress.
The strict rent control can gentrify rent controlled cities though. Low end tenants won’t be able to find housing when you have thousands of Google new hires to choose from. Will the landlord rent a $100 apartment to a google engineer or an illegal immigrant?
So to beat rent control one should learn from Singapore to nationalize housing?
Huh? Wrong use of the word nationalize. Singapore didn’t nationalize the housing. It built from scratch government subsidized housing.
i believe singapore ppl majority of them buy gov housing. so private house might be in lesser demand , that might make it slower to appreciate and harder to rent out.
Huh? Every Singaporeans yearn for private housing. Is a status symbol that mean you’ve made it to middle class for those who owned private condos and to upper class for those who owned landed properties (terrace, semi-detached, bungalows). Owning a GCB would be top few, a SFH with 15,000 sqft.
Having said that, every Singaporeans want to apply for HDBs to exploit the subsidy.
if every singapore ppl want to live in the best part of the city, they will have the same problem right?
Every part of Singapore is GOOD
Singapore is like San Jose, no extremely bad areas. Maybe even more uniform than SJ.
I guess population is distributed and segregated by age, not income. Old people live in close-in neigiborsbood and Younger people live in remote and newer places
I guess population is distributed and segregated by age, not income. Old people live in close-in neigiborsbood and Younger people live in remote and newer places
Good guess.
I am correct? Thanks for confirmation.
So nationalized housing create generational inequality, age inequality. Still no equality
nationalized housing
nationalized? naturalized? typo or what? no nationalization or naturalization.
Nationalization (or nationalisation) is the process of transforming private assets into public assets by bringing them under the public ownership of a national government or state.
Naturalization (or naturalisation) is the legal act or process by which a non-citizen in a country may acquire citizenship or nationality of that country.
How did Singapore government acquire the ownership of all the land? Was it by eminent domain?
Malaysia has private land ownership. Why is it so different in Singapore?
How did Singapore government acquire the ownership of all the land?
lands are acquired, are paid market value compensation under the Act.
Where does the government get all the fund to purchase land? I thought Singapore has a low tax
Where does the government get all the fund to purchase land? I thought Singapore has a low tax
You can get all these info from the web. Singapore government earned its own keep through GIC and Temasek holdings. Temasek has many subsidiaries such as SIA
Temasek has many subsidiaries such as SIA
SG has many nationalized industry, like their airline.
Government also forces racial integration in its public housing to ensure everyone has a neighbor of a different race.
I am not sure Americans are ready for that kind of love from their government. Many still want their own guns in their fantasy to fight the big bad government someday.