[quote=lindismith]I’m a dyed-in-the-wool liberal, (and lurking after many years of non-posting to see if Piggs think we’re recession-bound,) but I am opposed to Rent Control. It just doesn’t do what it’s supposed to do, and everyone loses.
I recently invested in some RE in Portland, and was a little worried about their RC initiatives, but so far they are saying 7% annual increase for landlords, and that seems more reasonable than other areas, but I’m still nervous.[/quote]
Dang, great to hear from you, lindismith! It’s been a really long time.
As a left-leaning centrist with positions across the spectrum, I’m also against rent control. But apparently not for the same reasons as you. This is one of my conservative positions. I don’t agree with the idea of rent control in general. I don’t think a person is entitled to live somewhere he can’t afford the rent.
I am generally for rich people paying more than poor people in order to fund…the country in general. But taking money pretty much directly from property owners and giving it pretty much directly to low-middle income people places the burden too directly and too deeply on too small a segment of the population.
