Originally posted by @Paul Altman:
The power in numbers of these overly liberal people in certain areas of the country is allowing a bunch of people to make decisions that have no business making them. It seems they really just think that what ever option sounds the fluffiest and most well to do is the best one without any consideration for the consequences or viability.
Measures have to be implemented to create fairness in communities but incentives are being taken away from the people who have the inherent ability and drive to affect change in these communities and breed progress.
I hate to see what the result will be after all incentive is gone. RE investors create so much value in cities across the country and these social just warriors who demonize them are just uninformed and ingnorant
You're right Paul. These people making these decisions-- like rent control, all these housing laws, anti-biz laws -- anti job laws. They are actually messing the economy up
http://www.pieria.co.uk/articles/rent_rent_control...
http://www.economist.com/blogs/economist-explains/...
Eventually there will be reward for being lazy/needy/entitled and there will be no economy, no rights for property investors, no jobs, and a sinking economy.
I fixed up houses in Fresno after the market crash in 2009 and all the neighbors pitched in and loved me. There were gangs all about and the gangs hated me. The neighbors and good doers loved me.
I bought up the houses that were foreclosed and empty, fixed windows and now they want to put a cap on the rents I can charge.
Even when I spend $20 on new plumbing for an apartment I can't raise the rents to market.
It's absurd. I can't afford this.
Why don't we just go back to the 2008 recession?!?!
