Liberals and logic .. a deadly mix 💣💥

Housing should be a human right in a civilized society, hence the government (the social aparatus organized by the people to manage their large scale socioeconomic, civil affairs and projects), can build housing units for everyone. Landlords would most likely bring down their prices if they knew everyone already has housing guaranteed to them by the government. They would have to offer renters a really good reason not to remain in their rent free housing units and opt to pay rent to a landlord. With the advent of advanced technology socialism and communism are inevitable, so everything being discussed in this video will become completely irrelevant and moot in the not to distant future. Housing won't be an issue for anyone anymore, since everyone will have housing.

The problem all goes back to greed. Yes, developers and many landlords are greedy. They're already profiting from these apartments, and have no problem keeping the buildings occupied, especially in major cities, yet the landlords continue to make the excuse that they "need to pay the mortgage". Nah. You're trying to line your pockets. Everyone knows that real estate is lucrative when managed well and the landlords are chasing the bag. Landlord greed is the cause of many of life's problems. Squeezing rents because of 95% occupancy rates. Charging none refundable application fees. Raising rents to unaffordable territory for the middle class. Disgusting.

The problem with this is that there are enough houses and buildings for everyone and so much more. The entire downtown with all the largest buildings sat completely empty for *two years* during the pandemic. People are homeless because they can't afford the houses. If there are exceptions, yeah it falls apart, that's why there should be no loop holes

Saying it’s a supply and demand problem is confusing. I see new apartments being built all the time and the starting rents are UNAFFORDABLE just because they are “New”, MAKE IT MAKE SENSE!!!

The thing is, there's no lack of supply. The lack in is affordability. This is a trash explanation. The buyers of those rental units coverted to condos would have to live in them, or rent them. Which keeps them in the market.

Very simple. Problem is greed. Its always the problem. Without rent controls nobody can afford the rent at all except “the lucky few” who can. People always leave that part out.

It's pathetic that this has to be explained to anyone over the age of 18 in the United States.

Ain't Most Modern Social Schemes Brilliant?

IF you want affordable apts, let governments make them and run. Oh well, it has been tried and they were total failures.

this is an excuse.people don't leave because they have no means. also everyone have a different contract. i have lease my mum's place below market rent because i know the family isnt that rich and it helps them.
I'm sure there is enough profit to fix the building even if the rent us controlled.
developers are the problem. by creating such expensive houses it also forces the landlord to raise the cost in order to meet mortgage repayments.

rent control is the government let the developer/house owner pay the cost and do the responsibility that is owned by the government , it is the government responsibility to build more house for some renter . rental control hurt supply and increase the rent rate in fact.

Indeed basic economics is: Supply and Demand. There's a bill on the ballot in California AGAIN this year (they've tried 5 years in a row now) the whole issue in California is that it's too costly and burdensome to construct new property. Idiots think that rent control will fix the problem which originated from supply, it will only make the problem worse. What California needs to do is cut all the red tape, get rid of 90% of the taxes fees and regulations and get rid of zoning. Course they won't ever do that but that's the only way housing is ever going to be affordable here.

Hey Can you do a series on rent control? They’re spreading rent control statewide in California. Massachusetts Oregon. Washington and soon Florida and New York State.

Love this video

In theory, yes they would stop renting. However, the only real other alternative is no one can afford to rent in the first place.

A few problems:
1. If the landlords don't maintain the property that they should be fined, that is the current system all over the U.S.
2. This assumes that rent control only applies to a few buildings, no, no, no, no, no any property that is being rented out should have a maximum rent limit.
3. effective rent control should be state wide, not just in one or two cities.
4. There are other policies that can help or harm rent control efforts, this does not exist in a vaccum, if we had policies such as limiting foreign investment, short sells, an investment bank, and land dedicated to housing we would solve this problem for a generation.
5. We should also give renters and home buyers more rights, and come down on slum lords and banks that give out unfair contracts.
6. Lastly, turning units into condo's only works if you can sell the condo's, in many areas with an affordable housing problem, merely turning apartment units into Condo's will just increase the amount of homes for sell until the sellers lose too much money and have to lower the cost again…
It is not a difficult problem to solve.

I love apolitical animations. We need more of these.

I feel like that in this day and age, they are few and far between.

I've been a landlord since 1993. It is a tough job.

The problem is, people don't seem to know where apartments come from. And they do not know that if Supply is too low, and Demand grows as the population grows, THAT IS WHY a shortage develops.

The cost of the property determines how much we charge for rent to pay the mortgage on the property. "Landlords are greedy" no, the property has a mortgage, and the property cost a lot, and the only way to get money to pay the mortgage is rent collection.

*HERE'S THE SOLUTION*

Have all cities use Eminent Domain to buy all rental properties. Let the City set the rents.

*WHAT WILL HAPPEN*
The renters – many of them – will finally realize they DO NOT KNOW where rental properties come from.

"Apartments are just THERE. They got built and there they are."

With the government in charge of all rental properties, if there is a shortage of apartments, will renters go to the city and demand more apartments be built?

YES.

But what about the Landlords — won't they build more apartments?

NO.

And why not?

EASY. Think about the following:

1) The City goes to all Doctors and Dentists and tells them "your fees are too high. We passed a law that limits yearly fee increases to the rate of inflation, about 1.8% — health and dental care are human rights"

2) The City goes to all restaurants and tells them "Food – eating — is a human right. We just passed a law that limits menu price increases to the rate of inflation, about 1.8%"

*QUESTION*
– will the SUPPLY of Doctors and Dentists in the City — INCREASE or DECREASE after the 'Fee control' law is passed?
– will the SUPPLY of restaurants in the Ciity — INCREASE or DECREASE after the "Menu price control' law is passed?

*HINT*
"Renters don't seem to understand where apartments come from, why investors build them."

.
.
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Southern CA in a nutshell. Makes perfect sense why I’m seeing construction for condos and not apartments here.

Another thing to note is this will usually force the landlord or land owner to sell to a much larger company who have tons of money and will just pay for the renters to leave, tear down the apartments and build more condos which will be over priced and inevitably foreclosed on whoever’s dumb enough to buy them.

I'm right leaning on almost every economic issue but I have a problem with this one. That is because research shows that cities that abandoned price control are way worse now (e.g: LA) I think this has to do with the fact that in these cities with LIMITED space, demand will never meet supply . There will always be more demand because of zoning laws that only allow for a certain number of stories to buildings, etc. Because space is limited and restricted, there will always be more demand and without rent control but with a surplus in demand, landlords will now be able to charge whatever the hell they want. In LA, rent price has gone up 800% faster than inflation. I guess a good solution would be to deregulate laws that don't allow buildings to be as tall as they should. South Korea has no rent control but their cities have a fair rent price and accommodate everyone because of very minimal zoning laws. I also like the idea of giving landlords tax subsidies if their places meet certain standards