Tuesday, August 27, 2024

Biden-Harris Administration Is Fighting to Lower Rents

With prominent journalists and pundits spending so much time these days scolding Kamala Harris for not yet releasing an all-encompassing policy platform, it's worth considering how the Biden-Harris administration is fighting to make rents more affordable.

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FTA:

It's also a stark reminder that if Harris doesn't prevail in November, we'll be subjected to a DOJ with radically worse priorities. There's simply no way Donald Trump, who got his start as an overtly racist landlord and whose son-in-law and top advisor Jared Kushner has a portfolio of thousands of apartments--some infested with maggots and mice, for which Kushner's company ultimately paid a $3.25 million penalty to the state of Maryland--would ever make such a pro-tenant move.

The lawsuit hasn't gotten a ton of coverage, but it's a big deal that speaks to the stakes of this election.

#1 | Posted by Gal_Tuesday at 2024-08-27 03:44 PM

With prominent journalists and pundits spending so much time these days scolding Kamala Harris for not yet releasing an all-encompassing policy platform

It's notable that Twitler has not produced any more specific policy than Harris. But Harris is the only one being taken to task for it.

#2 | Posted by Whatsleft at 2024-08-27 04:38 PM

Not too sure how you cap rental prices. Especially as the President.

That might be something Congress could do.

But, I'm not certain that's within their reach.

Seems like the antithesis of free market capitalism, which both parties support.

#3 | Posted by ClownShack at 2024-08-27 04:45 PM

Twitler has not produced any more specific policy than Harris

The Republican platform is clearly laid out in Project 2025.

On a personal level, Trump plans to use his power in office to be vindictive and get revenge on those he believes have wronged him.

#4 | Posted by ClownShack at 2024-08-27 04:47 PM

Canada addressed the problem by capping foreign investment in rental real estate... which boomed here during the COVID-19 epidemic with all those low interest rates... I think it is within reach of the president to influence what happens.

Sometimes capitalists need a good beech slapping

#5 | Posted by RightisTrite at 2024-08-28 12:55 AM

At least here in Floeida rents are sirectly affected by property taxes if you live in your home you can qualify for homestead exemption which ties your tax rate to the level that was taxed during the year you first apply and over the years of ownership becomes a very valuable exemptiion to tax increases. If you rent out the house you don't qualify for it and thus renters end up paying much higher tax rates through rent than do homeowners. If the Legislature wanted to help renters they would grant something like homestead exemption to rental requirement that landlords would have to document what the rent was granted and that that any rent increases could not be blamed on tax increases. There is no good reason that renters living next door to homeowners are effectively paying taxes thousands of dollars higher through their rent just because of the homestead exemption granted to people living in their own property. I don't know how it wotks in other states but renters are getting screwed by the state of Florida and it's just not fair. If other states have similarly unfair systems tax breaks could be granted to rental property owners with the requirement that they can demonstrate savings to renters equivalent to any tax break the owner of the property gets.

#6 | Posted by danni at 2024-08-28 07:37 AM

The Republican platform is clearly laid out in Project 2025.

#4 | Posted by ClownShack

Yes. But what has Trump produced?

#7 | Posted by Whatsleft at 2024-08-28 12:28 PM

Stop lying Clownshack.

Project 2025 is from a private group and you know it.

#8 | Posted by boaz at 2024-08-28 01:44 PM

Boaz, are you trolling or ignorant?

#9 | Posted by ClownShack at 2024-08-28 01:47 PM

I actually looked up "project 2025". I cant believe the couple of things listed, there would anyone who would not want them or be against them.

Here are some of them:

1 Secure the border, finish building the wall, and deport illegal aliens
2 De-weaponize the Federal Government by increasing accountability and oversight of the FBI and DOJ
3 Unleash American energy production to reduce energy prices
4 Cut the growth of government spending to reduce inflation
5 Make federal bureaucrats more accountable to the democratically elected President and Congress
6 Improve education by moving control and funding of education from DC bureaucrats directly to parents and state and local governments
7 Ban biological males from competing in women's sports

There is nothing on here I cant believe any American would be against.

#10 | Posted by boaz at 2024-08-28 01:48 PM

- a private group

Made up almost entirely of ex-Trump admin and or campaign officials.

#11 | Posted by Corky at 2024-08-28 01:50 PM

#10 | POSTED BY BOAZ

Hilarious.

You're an idiot. And based on the fact you're not providing a source for your bullshht. I can assume it's from one of your stupid, "hate America" websites you get all your information from.

#12 | Posted by ClownShack at 2024-08-28 01:53 PM

It's funny clown,

No conservative I know of "hates" America. That's a progressive/liberal thing.

So please, stop saying that, it's untrue.

#13 | Posted by boaz at 2024-08-28 01:54 PM

www.project2025.org

#14 | Posted by boaz at 2024-08-28 01:55 PM

It's funny clown,

No conservative I know of "hates" America. That's a progressive/liberal thing.

So please, stop saying that, it's untrue.

#13 | Posted by boaz

When you worship a russian puppet who attempted to overthrow the constitution, you hate america.

#15 | Posted by SpeakSoftly at 2024-08-28 01:55 PM

No conservative I know of "hates" America.

You clearly hate America, which is why you need Trump to destroy the federal government and return it to this imaginary glorified vision of how America used to be great back in the day.

#16 | Posted by ClownShack at 2024-08-28 01:56 PM

Project 2025 is from a private group and you know it.

#8 | POSTED BY BOAZ

Project 2025 is from the Heritage Foundation whose mission is to build and promote extreme right wing "conservative" public policies and is an activist American "conservative" think tank based in Washington, D.C.

It's a political organization that promotes "conservative" policies.

Doesn't matter that YOU don't seem to know that they are very influential in promoting extreme maga Republican polices.

Which can and will be put into effect if Trumpy wins.

#17 | Posted by donnerboy at 2024-08-28 01:57 PM

People who don't mind that Trump tried very hard to disrupt the peaceful transfer of power in this country through violent and illegal means, according to dozens of his own Staff under Oath, for the first time in our history...

... hate America.

#18 | Posted by Corky at 2024-08-28 01:58 PM

No conservative I know of "hates" America. That's a progressive/liberal thing.

So please, stop saying that, it's untrue.

#13 | Posted by boaz

I know of no true conservatives in the Republican Party any more.

#19 | Posted by donnerboy at 2024-08-28 01:58 PM

When was America great, Boaz?

When homosexuals couldn't get married and had to live in the shadows?

When women couldn't vote or work and had to live in the house as a possession of her husband?

When Black people, and minorities, were Second-class citizens who could hardly find work, buy houses where they wanted to live or be seen in parts of town that they weren't allowed to be in.

When interracial marriages were against the law?

Let me guess, you thought Emmett Till deserved to die, right? How dare he look at a white woman? MAGA!

#20 | Posted by ClownShack at 2024-08-28 02:00 PM

When you worship a russian puppet who attempted to overthrow the constitution, you hate america.

#15 | POSTED BY SPEAKSOFTLY

When you incite and or participate in an Insurrection in order to prevent the first peaceful transfer of power in American history then you obviously hate America.

#21 | Posted by donnerboy at 2024-08-28 02:01 PM

It's clear to anyone that reads the post of Trump Worshiping deplorable MAGAts, like Boaz, that they deeply hate America and western liberalism.

Boaz is just another useful idiot for Putin.

A Brainwashed moron

#22 | Posted by ClownShack at 2024-08-28 02:03 PM

No conservative I know of "hates" America.
#13 | Posted by boaz

You and Trump do.

#23 | Posted by Sycophant at 2024-08-28 02:03 PM

There is nothing on here I cant believe any American would be against.

#10 | POSTED BY BOAZ

Maybe it's HOW they intend to accomplish those things.

The devil is in the details bro.

#24 | Posted by donnerboy at 2024-08-28 02:03 PM

" No conservative I know of "hates" America."

Wanna bet? Answer this:

If NC casts more votes statewide for Democrats than Republicans, should Democrats run the state, or should the state, like Wisconsin, gerrymander to the point where Republicans keep power despite getting less statewide votes?

FTW, Sconnies could vote 75% for Democrats, and not get control of the state legislature.

For historical comparison, the largest landslides in Presidential history (Harding and FDR) barely broke 60%.

#25 | Posted by Danforth at 2024-08-28 02:30 PM

it's none of the Governments business to lower rates or control prices for anything...

#26 | Posted by Maverick at 2024-08-28 02:50 PM

What a bunch of -------. The DoJ is suing because landlords are using an app to help them determine real market value?

You gotta be ------- -------- me.

I have to wonder, would the DoJ sue someone using Keely Blue Book in order to determine the real market value for their car?

Progressives are so retarded.

#27 | Posted by madbomber at 2024-08-28 04:03 PM

Re 26

Price controls like for oil rent or the minimum wage are under government control.

Also they increase or decrease the money supply by buying or selling Treasuries.

Are you saying the government should not be able to do these things and just let the "free markets" decide?

No modern country has a completely "free market". You knew that right? Every market has rules and boundaries that restrict freedom of choice.

Without government intervention, monopolies could charge whatever prices they want, reducing consumer choice and leading to lower-quality products and services and put profits over public safety.

Hmmm. Now that I say this it does sound exactly like republican policy. Profits over public safety. Now I can see why you think that way!

#28 | Posted by donnerboy at 2024-08-28 04:03 PM

What a bunch of -------. The DoJ is suing because landlords are using an app to help them determine real market value?
You gotta be ------- -------- me.
I have to wonder, would the DoJ sue someone using Keely Blue Book in order to determine the real market value for their car?
Progressives are so retarded.

#27 | Posted by madbomber

As usual, you have no idea what is going on.

#29 | Posted by Sycophant at 2024-08-28 04:21 PM

- No modern country has a completely "free market". You knew that right?

Quick! Someone call 911 for MB!!

The shock alone might kill him!

#30 | Posted by Corky at 2024-08-28 04:22 PM

" The DoJ is suing because landlords are using an app to help them determine real market value?"

Way to distort the truth.

They are suing RealPage, a technology company with an algorithm that helps landlords push rents as high as possible.

FTA: RealPage essentially created a platform to allow business competitors to share proprietary data to coordinate setting higher rental rates. When competing businesses enter into agreements with each other to set prices, that's price-fixing.

#31 | Posted by donnerboy at 2024-08-28 04:30 PM

it's none of the Governments business to lower rates or control prices for anything...

#26 | Posted by Maverick

That's funny coming from the cult that says high prices are all biden's fault.

#32 | Posted by SpeakSoftly at 2024-08-28 04:41 PM

it's none of the Governments business to lower rates or control prices for anything...

#26 | Posted by Maverick

Also funny coming from the cult whose leader was always bullying the fed for lower rates.

#33 | Posted by SpeakSoftly at 2024-08-28 06:09 PM

it's none of the Governments business to lower rates or control prices for anything...

#26 | Posted by Maverick at 2024-08-28 02:50 PM | Reply | Flag:

Not the case though. "Algorithmic collusion". It's illegal for 2 companies to agree to fix prices. Should it be legal for a 3rd party to take data from the 2 companies and suggest their prices to them? Probably, that's just collusion using an intermediary.

#34 | Posted by sitzkrieg at 2024-08-29 09:26 AM

but how do you set rates to begin with? You hire a company to do the market research for you and they suggest rates. The RealPage system is just more efficient at it. If the DOJ fails, don't be surprised.

#35 | Posted by sitzkrieg at 2024-08-29 09:30 AM

"But, I'm not certain that's within their reach.
Seems like the antithesis of free market capitalism, which both parties support."

People often want to move to places with less population where they could buy homes and leave the rental market and as they do that it reduces demand for rentals in the over-populated area where they are living with ever increasing rents. In earlier times when western parts of this counyty had vast amounts of unpopulated land we offer homestead with the requiremeny that the homesteader build a house and live there for a number of years. So we had great migratiobs of people leaving overcroeded cities and starting homesteadsin other parts pf the country. Right now Biden is talking aboit down payment assidtance to first time home buyers. Iy's a great idea but it should be only ailable for purchases in parts of the country that have been largely depopulated like Detroit or other places that have suffered population loss due to changes in manufacturr]ing. This could revita;ize areas that have lost population and caused dramatic decrease in [toprty values and alleviate dramatic population growth anf femabd for rentals in areas where rent increases have been so rapid that it is becoming difficult for families to keep a roof over their heads but just as homesteading only worked with a requirement that people who were granted homesteads had to live on the ptoperties fo a numbrt of years down payment assistance should have similar ewquirenents and no be available for anyone to buy proprerty to rrent out or for investments,

#36 | Posted by danni at 2024-08-29 10:09 AM

no be available for anyone to buy proprerty to rrent out or for investments,

If everyone pays taxes Danni, and we are all supposed to be equal, how do you make one program off limits for one set of Americans?

#37 | Posted by boaz at 2024-08-30 03:21 PM

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