Then stop passing legislation that causes property taxes to go up. Owners of properties shouldn't just have to eat that cost.

Supply and Demand….how does it work?

/CM's

Goodbye apartments, hello Condos. What, you can't afford $400,000 to live in your current apartment. You are homeless now.

Institute bad economic policy, and out of control spending that increases inflation.

Then complain that rent/mortgages are 'out of control'

Finally, push through terrible policy as a solution, which has been proven to only exasperate this very problem.

No one is this dumb.

How about less gov instead of more gov.

You want to cause apartment shortages? This is how you cause a big drop in supply. Same idiots thought raising the minimum wage was a good thing.

If I owned 53 units, 3 of them would be transferred elsewhere, after I got a look at the wording of the plan to see how it addressed constructive ownership.

well, not to mention letting 20M unvetted illegal aliens into the country over 4 years and then giving them money to house them...

what might that do for supply/demand? gee, i wonder.

Unintended consequences, we would see a lot more of this

If the President's idiotic plan succeeds.

Equality: Savior
Equilibrium: Satan

Bondag said:

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Goodbye apartments, hello Condos. What, you can't afford $400,000 to live in your current apartment. You are homeless now.

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Exactly.

Owners will sell and get out of the rental business. Those that can't afford to buy will end up in the new government housing complexes. Right where they want you. .

https://www.sfgate.com/realestate/article/fbi-raids-landlord-connection-realpage-price-19507654.php

It's a war against the whole industry by this administration.

When the president of the US is pushing for rent control the economy is well into a global collapse.

People just don't understand that yet.

They know it, we know it, most experts wont say it.

This is them just trying to stay out ahead of it as best they can.

AgGrad99 said:

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Institute bad economic policy, and out of control spending that increases inflation.

Then complain that rent/mortgages are 'out of control'

Finally, push through terrible policy as a solution, which has been proven to only exasperate this very problem.

No one is this dumb.

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Yes there are people this dumb
AOC says hi

Hank Johnson weighs in

Can't read the article behind a paywall, but, interesting how they are trying to get around the fact that the feds simply don't have the power to regulate the price paid for rent (or for sales of property) under the commerce clause, real property being the antithesis to interstate commerce. So, they are going to the ACA playbook, and calling it a tax measure. Hmmm...might be a good chance to revisit a certain SCOTUS opinion where John Roberts fell for that ruse once before, now that the makeup of the court has changed.

Everyone knows Biden isn't all there. It's time to take his Executive Order pen away

He is also going to push for "canceling" all medical debt.

twk said:

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Can't read the article behind a paywall, but, interesting how they are trying to get around the fact that the feds simply don't have the power to regulate the price paid for rent (or for sales of property) under the commerce clause, real property being the antithesis to interstate commerce. So, they are going to the ACA playbook, and calling it a tax measure. Hmmm...might be a good chance to revisit a certain SCOTUS opinion where John Roberts fell for that ruse once before, now that the makeup of the court has changed.

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Maybe someone in the real estate rental business threatens to purchase and release the photos of Roberts if he doesn't do the right thing this time.

so what is this nimrod and his admin doing to create real growth, they just keep wiping away debt streams with a magic wand of taxpayer money.....

AgGrad99 said:

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Institute bad economic policy, and out of control spending that increases inflation.

Then complain that rent/mortgages are 'out of control'

Finally, push through terrible policy as a solution, which has been proven to only exasperate this very problem.

No one is this dumb.

---

Someone had a tweet the other day saying that since he is losing so many donors out of the Clinton/Obama wing of the party, Biden is latching on to the Sanders/squad wing of the party with some of their idiocy to maintain control.

Desperately trying to buy the election with your tax dollars

Does Biden know this yet?

This is not bidens plan. It is more of commie obamas commie makeover of America.

Stealing an election has consequences.

Libs truly have the minds of children. This will just lead to less affordable housing available. Price controls of any sort lead to less supply. Period. And less supply leads to…. anyone, anyone?

Apartment owners in several jurisdictions in Texas have seen their property taxes double in a year due to higher appraisal district valuations. They've also seen property insurance climb 40% to 50% in a single year even with deductibles that have risen from 1% to 3%. The inability to pass those costs on to tenants will disincentivize more construction.

Multi-family real estate is one of the most price competitive markets around. The market will punish those that try to "price gouge".

If you want lower apartment rents, you need to incentivize more construction/supply. Rate increase caps do the exact opposite.

More unadulterated pandering by the Biden campaign

Damned stupid ass idea.

it's time to end government policies aimed at fat and lazy people who can't pay their rent. Or college loans. Or whatever else.

We need Americans to WORK!

Maroon Dawn said:

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Desperately trying to buy the election with your tax dollars

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Exactly!! This is nothing but another ******ed vote buying scam to entice young economically illiterate types to vote for him. It will also ruin an industry.

Biden is the worst of the worst and cant make a correct decision to save his life.

I cant stand this moron.

C@LAg said:

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TexAgs91 said:

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Everyone knows Biden isn't all there. It's time to take his Executive Order pen away

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Biden's plan which would need to be approved by Congress

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That wasn't bolded in the OP. I didn't see it

Quote:

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Biden's plan which would need to be approved by Congress calls for stripping a tax benefit from landlords who increase their tenants' rent more than 5 percent per year,

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Meanwhile Texas law puts a cap on property tax appraisals at 10%.

Good luck, Mr. Landlord, capturing that 5% deficit from your tenants.

Dude doesn't give a **** about the effects, he wants votes.

He will promise anything to get them.

Can't stand this Marxist POS.