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Thomas Sowell on why rent control is so damaging: “If rent control is severe, people either reduce the amount of housing they build or they stop building housing altogether.” “Political authorities are then confronted with a situation where there’s no new housing built and the old housing is wearing... out—usually faster under rent control because the landlords don’t have to keep it up as much.” “So they step in and have some kind of modification. They say, ‘We are trying to protect the poor, so we won’t regulate luxury housing.’” “Of course, luxury housing and ordinary housing use much the same labor and the same materials. Therefore, all the materials that would have otherwise gone into making ordinary housing go into building luxury housing.”show more

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Victor Adebowale, "I do wonder.. In some countries they have rent controls.. And they don't have a shortage of social housing" #BBCQT Victor Adebowale "My wife is is a health visitor. She gets a lot of people who have really serious illnesses caused by poor housing conditions.. And I do wonder if the NHS should treat those people, and then send the bill to the landlord" "And stop calling affordable housing affordable housing when it isn't"

Victor Adebowale, "I do wonder.. In some countries they have rent controls.. And they don't have a shortage of social housing" #BBCQT Victor Adebowale "My wife is is a health visitor. She gets a lot of people who have really serious illnesses caused by poor housing conditions.. And I do wonder if the NHS should treat those people, and then send the bill to the landlord" "And stop calling affordable housing affordable housing when it isn't"

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“I will build 200,000 units of affordable housing… and I’m going to make it easier for the private sector to build housing, because what we see today is it’s not labor, it’s not materials—it’s the wait that is actually costing so many so much to build the housing we need”

“I will build 200,000 units of affordable housing… and I’m going to make it easier for the private sector to build housing, because what we see today is it’s not labor, it’s not materials—it’s the wait that is actually costing so many so much to build the housing we need”

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SITUATION EXPLAINED: Why does rent control create the exact housing crisis it claims to solve? We asked Rob Henderson, senior fellow at the Manhattan Institute and author of Troubled. "If you just say, 'I'm going to make this thing cheaper,' or 'I'm going to prevent the price from increasing,' that sounds great to a lot of people because they don't understand how market economies work." "Often to make it more intuitive, I'll point out that in cities where they have implemented rent control policies, those are the cities that have the worst housing shortages. San Francisco, the Bay Area... they've had rent control policies for decades. Has that improved the housing situation or has it only made things worse?" "People would rather manipulate prices than to build more housing."

SITUATION EXPLAINED: Why does rent control create the exact housing crisis it claims to solve? We asked Rob Henderson, senior fellow at the Manhattan Institute and author of Troubled. "If you just say, 'I'm going to make this thing cheaper,' or 'I'm going to prevent the price from increasing,' that sounds great to a lot of people because they don't understand how market economies work." "Often to make it more intuitive, I'll point out that in cities where they have implemented rent control policies, those are the cities that have the worst housing shortages. San Francisco, the Bay Area... they've had rent control policies for decades. Has that improved the housing situation or has it only made things worse?" "People would rather manipulate prices than to build more housing."

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President William Ruto: When I came into office, I changed the law on housing to create the Housing Fund and the Housing Levy. I changed the law because the Housing Act that was passed in Kenya was passed at the same time as the Housing Act in Singapore. The difference is that Singapore made progress on their program on housing, we did not. Because of the Housing Fund, we have 160,000 people working in the housing program

President William Ruto: When I came into office, I changed the law on housing to create the Housing Fund and the Housing Levy. I changed the law because the Housing Act that was passed in Kenya was passed at the same time as the Housing Act in Singapore. The difference is that Singapore made progress on their program on housing, we did not. Because of the Housing Fund, we have 160,000 people working in the housing program

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How can we understand the power of ideology? Stephen Kotkin offers up NYC Mayor Zohran Mamdani as an example: “So there's this young kid who's really adept at social media who just looks like he won the primary for a Democratic candidate for mayor in New York City. And one of the things he wants to do is freeze rents because he wants more affordable housing. So he's a complete idiot in terms of facts. The way to get more affordable housing is to build more housing. If supply massively increases and it exceeds demand, the price has to go down. It's proven again and again and again. And what rent control does or freezing of rent, it inhibits the building of new housing. Because who's going to build new housing when you can't make money off of it? Rent control is what produces the lack of affordable housing in the first place. So he sees what's the problem as the solution now. Now, is he a fool? No, he's a really bright guy. He's very well educated.”

How can we understand the power of ideology? Stephen Kotkin offers up NYC Mayor Zohran Mamdani as an example: “So there's this young kid who's really adept at social media who just looks like he won the primary for a Democratic candidate for mayor in New York City. And one of the things he wants to do is freeze rents because he wants more affordable housing. So he's a complete idiot in terms of facts. The way to get more affordable housing is to build more housing. If supply massively increases and it exceeds demand, the price has to go down. It's proven again and again and again. And what rent control does or freezing of rent, it inhibits the building of new housing. Because who's going to build new housing when you can't make money off of it? Rent control is what produces the lack of affordable housing in the first place. So he sees what's the problem as the solution now. Now, is he a fool? No, he's a really bright guy. He's very well educated.”

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Our housing system has been handed over to bankers and developers, so we live in bankers' and developers' world. If we want to REDUCE the cost of housing - both rent per month and mortgage interest over a lifetime - then we need a lot of social housing and rent controls.

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PS Charles Hinga: Under the Affordable Housing Programme, we are asking people to pay Sh2,500, the same amount they would have paid as rent elsewhere, for a house that has all the basic services and more.

PS Charles Hinga: Under the Affordable Housing Programme, we are asking people to pay Sh2,500, the same amount they would have paid as rent elsewhere, for a house that has all the basic services and more.

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Resetting regulated rent is the only way systems like rent stabilization can work. It’s why every other city in America with rent control allows for it. Otherwise buildings go bankrupt and apartments stay off the market like the 50,000 empty ones here in New York. New York has a housing shortage, but building new housing will be negated if we don’t bring these empty apartments back to New Yorkers who desperately need housing.

Resetting regulated rent is the only way systems like rent stabilization can work. It’s why every other city in America with rent control allows for it. Otherwise buildings go bankrupt and apartments stay off the market like the 50,000 empty ones here in New York. New York has a housing shortage, but building new housing will be negated if we don’t bring these empty apartments back to New Yorkers who desperately need housing.

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The rent is too damn high, and we don’t have enough damn housing. That’s why we’re going to make the largest investment to build housing in state history, so every Michigander has an affordable place to call home.

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Let's start with housing — the problem is clear, rent is too high and home ownership is out of reach. Today, I’m proud to announce the Building Up Illinois Developments (BUILD) Plan to lower housing costs by making it easier, faster, and more cost-effective to build homes here.

Let's start with housing — the problem is clear, rent is too high and home ownership is out of reach. Today, I’m proud to announce the Building Up Illinois Developments (BUILD) Plan to lower housing costs by making it easier, faster, and more cost-effective to build homes here.

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Primary day in NY! We'll see if Zohran's DSA picks will make it to Congress... Claire Valdez calls for national rent control, seizing private property, federal housing construction, and "social housing... insulated from the market forces that are raising so much of our rents."

Primary day in NY! We'll see if Zohran's DSA picks will make it to Congress... Claire Valdez calls for national rent control, seizing private property, federal housing construction, and "social housing... insulated from the market forces that are raising so much of our rents."

Breitbart News

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Cea Weaver says the quiet part out loud.... "We decided that fighting for rent control was a strategic and critical first step in the fight for full social housing... We decided that through a program like rent control, we are able to directly challenge the logic of unfettered profit in the real estate market. We are able to directly challenge housing as a wealth-building tool and, through regulation, strike a blow to the entire real estate industry at once. The beauty of rent stabilization and rent control is that it weakens the speculative value of the real estate asset. The value is no longer based on what the landlord is able to get, but rather it’s based on a state public board deciding how much rent is going up. And yes, that board is controlled by the real estate industry, and yes, there could be a better way to regulate it. But the idea is that we could weaken the entire industry at once through a strong rent control campaign, and that would strengthen our ability to fight for social housing.” Serious question: How is this constitutional?

Cea Weaver says the quiet part out loud.... "We decided that fighting for rent control was a strategic and critical first step in the fight for full social housing... We decided that through a program like rent control, we are able to directly challenge the logic of unfettered profit in the real estate market. We are able to directly challenge housing as a wealth-building tool and, through regulation, strike a blow to the entire real estate industry at once. The beauty of rent stabilization and rent control is that it weakens the speculative value of the real estate asset. The value is no longer based on what the landlord is able to get, but rather it’s based on a state public board deciding how much rent is going up. And yes, that board is controlled by the real estate industry, and yes, there could be a better way to regulate it. But the idea is that we could weaken the entire industry at once through a strong rent control campaign, and that would strengthen our ability to fight for social housing.” Serious question: How is this constitutional?

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Former Mayor of Coronado California is blowing the whistle on a new housing project These new San Diego “affordable housing units” are going to cost $900,000 per unit He shows a luxury sky rise building with luxury amenities was built for half that “This affordable student housing project is projected to cost taxpayers nearly $900,000 per unit to build. Meanwhile, this luxury residential development recently sold for just $400,000 per unit. So what gives? (Here’s more California Democrat housing projects) - Government funded affordable housing projects like 101 Astoria at $1.1 million per unit - This city college project at $900,000 per unit - Rose Creek Village at $600,000 per unit All routinely cost far more than luxury residential units. I'm Richard Bailey, former mayor of Coronado and here's why you should care. It's very popular these days for politicians to campaign on affordable housing. Obviously, no one is against affordable housing, but the affordable housing projects being built by government agencies are often double the per unit cost — San Diego taxpayers are paying double the amount for lower quality housing that they won't even be eligible to live in”

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