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	<title>Comments on: Your Take: Rent Control Based On Tenant&#8217;s Income?</title>
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	<description>Personal Finance and Investing Blog</description>
	<lastBuildDate>Sun, 12 Feb 2012 01:43:13 +0000</lastBuildDate>
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		<title>By: Ashish</title>
		<link>http://www.mymoneyblog.com/your-take-rent-control-based-on-tenants-income.html#comment-169579</link>
		<dc:creator>Ashish</dc:creator>
		<pubDate>Wed, 27 Oct 2010 16:28:13 +0000</pubDate>
		<guid isPermaLink="false">http://www.mymoneyblog.com/?p=4281#comment-169579</guid>
		<description>had a quick question. does rent control apply to existing tenants but not new tenants ? i.e if a new tenant comes in, the rent can be increased by say 5% ?</description>
		<content:encoded><![CDATA[<p>had a quick question. does rent control apply to existing tenants but not new tenants ? i.e if a new tenant comes in, the rent can be increased by say 5% ?</p>
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		<title>By: SLF</title>
		<link>http://www.mymoneyblog.com/your-take-rent-control-based-on-tenants-income.html#comment-164880</link>
		<dc:creator>SLF</dc:creator>
		<pubDate>Wed, 23 Jun 2010 19:09:11 +0000</pubDate>
		<guid isPermaLink="false">http://www.mymoneyblog.com/?p=4281#comment-164880</guid>
		<description>This is a great idea and is already one step away from my ideas.
This is a paper I am doing right now to try to address the ills of society. This would work because the rich will pay more.
Another idea is the percentage forumala. There should be set formulas based on a  person’s income. Why should WE have to qualify to their standards it should be the other way around. I realize this leaves the rich paying more but since they have more money it starts to even things out.
Basically all housing would be 10 – 30% of a person’s income. I will provide some examples of how this will work:
Income Level:
Under $1,000 per month  10% of income goes towards housing
$1,000 -$2000 per month 20%
$2,000+ per month 30%
It would max out at 30%. This would mean that all housing would be available to all income levels; none of the separation of poor and rich. A person could have as many bedrooms as they want paying  only $25 more per bedroom not to exceed 30%. Of course different things would be based upon different percentages for example utilities would be only 10% of a person’s income, a car payment 5% and health insurance 2%. I know we can’t have everything based on income because that would definitely cause a hold up at the stores.
Researchers and the government would look at the incomes across America and determine a reasonable low wage to base prices off of. For example; food could be based upon what a person might get in food stamps at $600 per month. A person might get $200 per month on food stamps. All store brand prices must be in line with those prices. While name brand products could be a little more but cannot be more than say 20% of the store brand prices.
This is it in a nut shell. This will work; because captilism does not; in fact please give me the name of any economic system that really works?
You probably can&#039;t because there is no perfect system or utopia.
We have to find what is best for the weakest.
Have you ever the saying that a chain is only as strong as it&#039;s weakest link. Well by pulling the weakest up we are strengthening our society. We are creating a world where we can be substainable; truly. What would happen if EVERYONE had more money? Don&#039;t you think they would spend it more and put back into society? 
This is not tryanny this is fairness. Why should one group of people suffer. 
Have you heard the labor of slaves for the profit of kings? Well this is what captilism is. I welcome a new era of thinking.</description>
		<content:encoded><![CDATA[<p>This is a great idea and is already one step away from my ideas.<br />
This is a paper I am doing right now to try to address the ills of society. This would work because the rich will pay more.<br />
Another idea is the percentage forumala. There should be set formulas based on a  person’s income. Why should WE have to qualify to their standards it should be the other way around. I realize this leaves the rich paying more but since they have more money it starts to even things out.<br />
Basically all housing would be 10 – 30% of a person’s income. I will provide some examples of how this will work:<br />
Income Level:<br />
Under $1,000 per month  10% of income goes towards housing<br />
$1,000 -$2000 per month 20%<br />
$2,000+ per month 30%<br />
It would max out at 30%. This would mean that all housing would be available to all income levels; none of the separation of poor and rich. A person could have as many bedrooms as they want paying  only $25 more per bedroom not to exceed 30%. Of course different things would be based upon different percentages for example utilities would be only 10% of a person’s income, a car payment 5% and health insurance 2%. I know we can’t have everything based on income because that would definitely cause a hold up at the stores.<br />
Researchers and the government would look at the incomes across America and determine a reasonable low wage to base prices off of. For example; food could be based upon what a person might get in food stamps at $600 per month. A person might get $200 per month on food stamps. All store brand prices must be in line with those prices. While name brand products could be a little more but cannot be more than say 20% of the store brand prices.<br />
This is it in a nut shell. This will work; because captilism does not; in fact please give me the name of any economic system that really works?<br />
You probably can&#8217;t because there is no perfect system or utopia.<br />
We have to find what is best for the weakest.<br />
Have you ever the saying that a chain is only as strong as it&#8217;s weakest link. Well by pulling the weakest up we are strengthening our society. We are creating a world where we can be substainable; truly. What would happen if EVERYONE had more money? Don&#8217;t you think they would spend it more and put back into society?<br />
This is not tryanny this is fairness. Why should one group of people suffer.<br />
Have you heard the labor of slaves for the profit of kings? Well this is what captilism is. I welcome a new era of thinking.</p>
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		<title>By: Clair of Libertarian Logic</title>
		<link>http://www.mymoneyblog.com/your-take-rent-control-based-on-tenants-income.html#comment-132652</link>
		<dc:creator>Clair of Libertarian Logic</dc:creator>
		<pubDate>Tue, 07 Jul 2009 04:06:10 +0000</pubDate>
		<guid isPermaLink="false">http://www.mymoneyblog.com/?p=4281#comment-132652</guid>
		<description>@dong:

This isn&#039;t about fear. This is about freedom. Here is what Thomas Jefferson had to say about things like rent control and other government meddling:

&quot;A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned - this is the sum of good government.&quot; 

&quot;I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.&quot; 

&quot;It behooves every man who values liberty of conscience for himself, to resist invasions of it in the case of others: or their case may, by change of circumstances, become his own.&quot; 

We have to remember that loss of rights and the emergence of tyranny never happens overnight. It always happens little by little. We have to fight for our freedoms, or surely we&#039;ll loose them, little by little.

That is what history has shown us to be true.

Clair</description>
		<content:encoded><![CDATA[<p>@dong:</p>
<p>This isn&#8217;t about fear. This is about freedom. Here is what Thomas Jefferson had to say about things like rent control and other government meddling:</p>
<p>&#8220;A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned &#8211; this is the sum of good government.&#8221; </p>
<p>&#8220;I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.&#8221; </p>
<p>&#8220;It behooves every man who values liberty of conscience for himself, to resist invasions of it in the case of others: or their case may, by change of circumstances, become his own.&#8221; </p>
<p>We have to remember that loss of rights and the emergence of tyranny never happens overnight. It always happens little by little. We have to fight for our freedoms, or surely we&#8217;ll loose them, little by little.</p>
<p>That is what history has shown us to be true.</p>
<p>Clair</p>
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		<title>By: dong</title>
		<link>http://www.mymoneyblog.com/your-take-rent-control-based-on-tenants-income.html#comment-132648</link>
		<dc:creator>dong</dc:creator>
		<pubDate>Tue, 07 Jul 2009 02:52:21 +0000</pubDate>
		<guid isPermaLink="false">http://www.mymoneyblog.com/?p=4281#comment-132648</guid>
		<description>While I&#039;m generally opposed to rent control, Mapgirl has a great a point about the taxes in California.  Proposition 13 which limits how property taxes can  increase is what has put California in bind, and created an completely inefficient housing market.

Also, please people need to get a grip with all the socialism fear mongering.   This is not federal or state ordinance.  It&#039;s a local ordinance.  Rent control provisions have been long around.  They ebb and flow under both republican and democratic presidential leadership.</description>
		<content:encoded><![CDATA[<p>While I&#8217;m generally opposed to rent control, Mapgirl has a great a point about the taxes in California.  Proposition 13 which limits how property taxes can  increase is what has put California in bind, and created an completely inefficient housing market.</p>
<p>Also, please people need to get a grip with all the socialism fear mongering.   This is not federal or state ordinance.  It&#8217;s a local ordinance.  Rent control provisions have been long around.  They ebb and flow under both republican and democratic presidential leadership.</p>
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		<title>By: Gates VP</title>
		<link>http://www.mymoneyblog.com/your-take-rent-control-based-on-tenants-income.html#comment-132618</link>
		<dc:creator>Gates VP</dc:creator>
		<pubDate>Mon, 06 Jul 2009 07:09:21 +0000</pubDate>
		<guid isPermaLink="false">http://www.mymoneyblog.com/?p=4281#comment-132618</guid>
		<description>&lt;b&gt;@Health Insurance Quotes Guru:&lt;/b&gt;

I&#039;m confused here.

Obviously, rent controls are generally socialist measures in an otherwise capitalist economy. &lt;b&gt;Housing is a generally elastic market&lt;/b&gt; that responds to standard supply and demand. 

So it&#039;s clear that the &quot;need&quot; for rent controls is likely manufactured. The only appropriate &quot;capitalist&quot; lever here would be low-income housing provisions.

What I don&#039;t understand is your brief mention of healthcare.

&lt;b&gt;Healthcare is a generally &lt;i&gt;inelastic&lt;/i&gt; market&lt;/b&gt; that responds poorly to things like &quot;market demands&quot;. Kids don&#039;t magically start breaking less legs just because the price of fixing a leg has gone up.

Generally, when a service needs to be provided in some fundamental, shared way, we a society &quot;socialize&quot; that need. Common things like garbage pick-up and sewers and schools have all been &quot;socialized&quot; in an attempt to serve the needs of the greater good. It&#039;s really not cost efficient to have two private companies maintain completely separate sewer systems and run competitive businesses around the management of waste water.

The &quot;socialization&quot; of medicine is based on a similar thought process as making a public school system. We want to provide everyone with a system they can use, we want to provide a baseline for service and care. The &quot;single-payer&quot; system used in places like Canada and Europe delivers a similar life expectancy and quality of life as the US system, but at significantly reduced overall costs.

If a &quot;socialized&quot; system delivers the same quality of care and costs less, doesn&#039;t that satisfy the &quot;capitalist&quot; desire to do &quot;more with less&quot;?

&lt;b&gt;How does converting healthcare into a more public service equate with &quot;socialism&quot;?&lt;/b&gt;</description>
		<content:encoded><![CDATA[<p><b>@Health Insurance Quotes Guru:</b></p>
<p>I&#8217;m confused here.</p>
<p>Obviously, rent controls are generally socialist measures in an otherwise capitalist economy. <b>Housing is a generally elastic market</b> that responds to standard supply and demand. </p>
<p>So it&#8217;s clear that the &#8220;need&#8221; for rent controls is likely manufactured. The only appropriate &#8220;capitalist&#8221; lever here would be low-income housing provisions.</p>
<p>What I don&#8217;t understand is your brief mention of healthcare.</p>
<p><b>Healthcare is a generally <i>inelastic</i> market</b> that responds poorly to things like &#8220;market demands&#8221;. Kids don&#8217;t magically start breaking less legs just because the price of fixing a leg has gone up.</p>
<p>Generally, when a service needs to be provided in some fundamental, shared way, we a society &#8220;socialize&#8221; that need. Common things like garbage pick-up and sewers and schools have all been &#8220;socialized&#8221; in an attempt to serve the needs of the greater good. It&#8217;s really not cost efficient to have two private companies maintain completely separate sewer systems and run competitive businesses around the management of waste water.</p>
<p>The &#8220;socialization&#8221; of medicine is based on a similar thought process as making a public school system. We want to provide everyone with a system they can use, we want to provide a baseline for service and care. The &#8220;single-payer&#8221; system used in places like Canada and Europe delivers a similar life expectancy and quality of life as the US system, but at significantly reduced overall costs.</p>
<p>If a &#8220;socialized&#8221; system delivers the same quality of care and costs less, doesn&#8217;t that satisfy the &#8220;capitalist&#8221; desire to do &#8220;more with less&#8221;?</p>
<p><b>How does converting healthcare into a more public service equate with &#8220;socialism&#8221;?</b></p>
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		<title>By: Warren</title>
		<link>http://www.mymoneyblog.com/your-take-rent-control-based-on-tenants-income.html#comment-132611</link>
		<dc:creator>Warren</dc:creator>
		<pubDate>Sun, 05 Jul 2009 21:52:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.mymoneyblog.com/?p=4281#comment-132611</guid>
		<description>mapgirl - The point is... No matter how much you didn&#039;t like the behavior of your former landlords... it&#039;s their property and they should have the right to do what they please with it.   (Except for racial or religious discrimination of course.)   If the renter doesn&#039;t like it they are free to leave.  If the landlord is unreasonable, nasty and charges high rents, they will have vacant properties and make nothing.  That&#039;s how the market works.</description>
		<content:encoded><![CDATA[<p>mapgirl &#8211; The point is&#8230; No matter how much you didn&#8217;t like the behavior of your former landlords&#8230; it&#8217;s their property and they should have the right to do what they please with it.   (Except for racial or religious discrimination of course.)   If the renter doesn&#8217;t like it they are free to leave.  If the landlord is unreasonable, nasty and charges high rents, they will have vacant properties and make nothing.  That&#8217;s how the market works.</p>
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		<title>By: mapgirl</title>
		<link>http://www.mymoneyblog.com/your-take-rent-control-based-on-tenants-income.html#comment-132610</link>
		<dc:creator>mapgirl</dc:creator>
		<pubDate>Sun, 05 Jul 2009 21:33:56 +0000</pubDate>
		<guid isPermaLink="false">http://www.mymoneyblog.com/?p=4281#comment-132610</guid>
		<description>Any landlord in SF can invoke the Ellis Act, evict a tenant and move in themselves for 6 months and then move out and re-rent at market rates. Don&#039;t boo-hoo the landlords there. You guys have no idea. The property taxes are frozen at the time of the sale so they don&#039;t go up over the course of owning the property. People who have owned a property for 20+ years are getting very wealthy off their renters out there. I don&#039;t know any landlord who is not making money in SF.

I lived in two rentals in SF and my first landlord was a lovely woman who Ellis Act-ed a long time tenant. She and her scary dog, Toby, moved in and scared the bejesus out of everyone. Toby was an unfriendly German Shepherd and my landlady could barely control him because he outweighed her. She was a ruthless landlord though. She asked my roommate if we&#039;d pay an extra $50 a month for 2 ppl in the unit RIGHT IN FRONT OF ANOTHER PROSPECTIVE tenant. Then turned and said &#039;sorry&#039; to the other guy after we said yes. (I was not there when this happened.)

The other landlord pretty much wouldn&#039;t let me stay in my apartment after my 2 roommates moved out even though I was on the lease. She claimed she was going to sell the unit as the reason for making me leave, but she promptly tripled the rent and leased it to three dingbats, er friends of my friend, which is how I found out about it. I thought about suing her for the blatant lie as were my rights.

However, I also disagree with this legislation because it&#039;s crazy stuff.</description>
		<content:encoded><![CDATA[<p>Any landlord in SF can invoke the Ellis Act, evict a tenant and move in themselves for 6 months and then move out and re-rent at market rates. Don&#8217;t boo-hoo the landlords there. You guys have no idea. The property taxes are frozen at the time of the sale so they don&#8217;t go up over the course of owning the property. People who have owned a property for 20+ years are getting very wealthy off their renters out there. I don&#8217;t know any landlord who is not making money in SF.</p>
<p>I lived in two rentals in SF and my first landlord was a lovely woman who Ellis Act-ed a long time tenant. She and her scary dog, Toby, moved in and scared the bejesus out of everyone. Toby was an unfriendly German Shepherd and my landlady could barely control him because he outweighed her. She was a ruthless landlord though. She asked my roommate if we&#8217;d pay an extra $50 a month for 2 ppl in the unit RIGHT IN FRONT OF ANOTHER PROSPECTIVE tenant. Then turned and said &#8216;sorry&#8217; to the other guy after we said yes. (I was not there when this happened.)</p>
<p>The other landlord pretty much wouldn&#8217;t let me stay in my apartment after my 2 roommates moved out even though I was on the lease. She claimed she was going to sell the unit as the reason for making me leave, but she promptly tripled the rent and leased it to three dingbats, er friends of my friend, which is how I found out about it. I thought about suing her for the blatant lie as were my rights.</p>
<p>However, I also disagree with this legislation because it&#8217;s crazy stuff.</p>
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		<title>By: kerry</title>
		<link>http://www.mymoneyblog.com/your-take-rent-control-based-on-tenants-income.html#comment-132569</link>
		<dc:creator>kerry</dc:creator>
		<pubDate>Sat, 04 Jul 2009 01:45:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.mymoneyblog.com/?p=4281#comment-132569</guid>
		<description>Don&#039;t tell me that this is going to become law!

First, I do not think any landlord would raise the rent by 33% for no reason. but, our government CAN do this instead. In my case (as well as in our state), my rental property tax went up almost 100% this year (an angered landload paid his property tax with PENNIES loaded in a shopping cart!), but I have not really raised my rents yet. If our government moves first, we have no choice but to follow.

Second, every city has some ordinance that limits unrelated people to live in a single-family house. a tenant can not decide how many roommates he can have...</description>
		<content:encoded><![CDATA[<p>Don&#8217;t tell me that this is going to become law!</p>
<p>First, I do not think any landlord would raise the rent by 33% for no reason. but, our government CAN do this instead. In my case (as well as in our state), my rental property tax went up almost 100% this year (an angered landload paid his property tax with PENNIES loaded in a shopping cart!), but I have not really raised my rents yet. If our government moves first, we have no choice but to follow.</p>
<p>Second, every city has some ordinance that limits unrelated people to live in a single-family house. a tenant can not decide how many roommates he can have&#8230;</p>
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		<title>By: Warren</title>
		<link>http://www.mymoneyblog.com/your-take-rent-control-based-on-tenants-income.html#comment-132550</link>
		<dc:creator>Warren</dc:creator>
		<pubDate>Fri, 03 Jul 2009 16:16:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.mymoneyblog.com/?p=4281#comment-132550</guid>
		<description>There&#039;s a good reason that most of the comments here are against this legislation.  It&#039;s because those who read this blog tend to be more intelligent than the average person.  We understand economics 101, the free market and the concept of supply and demand.  The type of person who would be in favor of rent control is probably sitting on his porch or on his way to cash an entitlement check, paying 29% interest on credit cards and renting a TV from the rent-to-own.  His only thoughts on the subject are &quot;what&#039;s in it for me&quot; and &quot;landlord bad - renter good.&quot;  Has it dawned on these people that if they don&#039;t like high rent, they should move and take their business elsewhere!</description>
		<content:encoded><![CDATA[<p>There&#8217;s a good reason that most of the comments here are against this legislation.  It&#8217;s because those who read this blog tend to be more intelligent than the average person.  We understand economics 101, the free market and the concept of supply and demand.  The type of person who would be in favor of rent control is probably sitting on his porch or on his way to cash an entitlement check, paying 29% interest on credit cards and renting a TV from the rent-to-own.  His only thoughts on the subject are &#8220;what&#8217;s in it for me&#8221; and &#8220;landlord bad &#8211; renter good.&#8221;  Has it dawned on these people that if they don&#8217;t like high rent, they should move and take their business elsewhere!</p>
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		<title>By: Mike</title>
		<link>http://www.mymoneyblog.com/your-take-rent-control-based-on-tenants-income.html#comment-132522</link>
		<dc:creator>Mike</dc:creator>
		<pubDate>Thu, 02 Jul 2009 22:17:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.mymoneyblog.com/?p=4281#comment-132522</guid>
		<description>If I were a landlord, I&#039;d beat the system by charging rent in units of gold.  For example, I would charge 1 ounce of gold or the value thereof per month and never increase the rent.  Therefore, if the dollar falls (inflation), I&#039;m still making the same amount of money in real terms.</description>
		<content:encoded><![CDATA[<p>If I were a landlord, I&#8217;d beat the system by charging rent in units of gold.  For example, I would charge 1 ounce of gold or the value thereof per month and never increase the rent.  Therefore, if the dollar falls (inflation), I&#8217;m still making the same amount of money in real terms.</p>
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		<title>By: J.R.</title>
		<link>http://www.mymoneyblog.com/your-take-rent-control-based-on-tenants-income.html#comment-132521</link>
		<dc:creator>J.R.</dc:creator>
		<pubDate>Thu, 02 Jul 2009 21:53:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.mymoneyblog.com/?p=4281#comment-132521</guid>
		<description>My heart bleeds for the poor, downtrodden landlords of the world. It really, truly does.</description>
		<content:encoded><![CDATA[<p>My heart bleeds for the poor, downtrodden landlords of the world. It really, truly does.</p>
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		<title>By: mike f</title>
		<link>http://www.mymoneyblog.com/your-take-rent-control-based-on-tenants-income.html#comment-132513</link>
		<dc:creator>mike f</dc:creator>
		<pubDate>Thu, 02 Jul 2009 19:27:39 +0000</pubDate>
		<guid isPermaLink="false">http://www.mymoneyblog.com/?p=4281#comment-132513</guid>
		<description>Wow, it is so encouraging to see every post is against this legislation.  I guess it makes sense as the current government policies at the state and federal level will reduce income by higher taxation while simultaneously destroying the value of hard-workers savings as they monetize the growing debt.  

CA is embarrassing.  To be 26B, or almost 25% over-budget and not be able to agree that trimming back programs, many of which are redundant to federal programs, is insane.  To add to it this sort of ridiculous legislation - SF will get what it deserves - declining property values and net exodus.   To ignore property rights is just wrong.</description>
		<content:encoded><![CDATA[<p>Wow, it is so encouraging to see every post is against this legislation.  I guess it makes sense as the current government policies at the state and federal level will reduce income by higher taxation while simultaneously destroying the value of hard-workers savings as they monetize the growing debt.  </p>
<p>CA is embarrassing.  To be 26B, or almost 25% over-budget and not be able to agree that trimming back programs, many of which are redundant to federal programs, is insane.  To add to it this sort of ridiculous legislation &#8211; SF will get what it deserves &#8211; declining property values and net exodus.   To ignore property rights is just wrong.</p>
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		<title>By: Jalpino</title>
		<link>http://www.mymoneyblog.com/your-take-rent-control-based-on-tenants-income.html#comment-132508</link>
		<dc:creator>Jalpino</dc:creator>
		<pubDate>Thu, 02 Jul 2009 17:04:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.mymoneyblog.com/?p=4281#comment-132508</guid>
		<description>I wonder if you could put a clause in the renters agreement stating that if their income falls to a point where the &#039;protection&#039; would kick in, that its constitutes grounds for eviction.</description>
		<content:encoded><![CDATA[<p>I wonder if you could put a clause in the renters agreement stating that if their income falls to a point where the &#8216;protection&#8217; would kick in, that its constitutes grounds for eviction.</p>
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		<title>By: Clair Schwan of Libertarian Logic</title>
		<link>http://www.mymoneyblog.com/your-take-rent-control-based-on-tenants-income.html#comment-132499</link>
		<dc:creator>Clair Schwan of Libertarian Logic</dc:creator>
		<pubDate>Thu, 02 Jul 2009 12:57:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.mymoneyblog.com/?p=4281#comment-132499</guid>
		<description>The whole idea of limiting rent based on income is fine if that idea is a mutual and voluntary agreement between owner and renter. Otherwise, it&#039;s just another case of government intrusion and interference with what is supposed to be a free market.

Rent control goes too far to begin with. It&#039;s a violation of private property rights. It inhibits investment, promotes disrepair of housing, and furthers the socialistic ideas of government do-gooders which only encourages more of the same.

The market is self-correcting and works just fine if government would kindly step aside and stop governing.

Interference in the marketplace diminishes competition, and it&#039;s competition that raises quality, lowers prices, and increases options for the consumer. Interference in the marketplace also discourages investors, the very foundation and lifeblood of our economy.

Those in government must keep in mind that all the wealth they consume is created by others - not the government - so they&#039;re slowly eating the cow that they milk.

Clair</description>
		<content:encoded><![CDATA[<p>The whole idea of limiting rent based on income is fine if that idea is a mutual and voluntary agreement between owner and renter. Otherwise, it&#8217;s just another case of government intrusion and interference with what is supposed to be a free market.</p>
<p>Rent control goes too far to begin with. It&#8217;s a violation of private property rights. It inhibits investment, promotes disrepair of housing, and furthers the socialistic ideas of government do-gooders which only encourages more of the same.</p>
<p>The market is self-correcting and works just fine if government would kindly step aside and stop governing.</p>
<p>Interference in the marketplace diminishes competition, and it&#8217;s competition that raises quality, lowers prices, and increases options for the consumer. Interference in the marketplace also discourages investors, the very foundation and lifeblood of our economy.</p>
<p>Those in government must keep in mind that all the wealth they consume is created by others &#8211; not the government &#8211; so they&#8217;re slowly eating the cow that they milk.</p>
<p>Clair</p>
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		<title>By: derick</title>
		<link>http://www.mymoneyblog.com/your-take-rent-control-based-on-tenants-income.html#comment-132496</link>
		<dc:creator>derick</dc:creator>
		<pubDate>Thu, 02 Jul 2009 10:51:23 +0000</pubDate>
		<guid isPermaLink="false">http://www.mymoneyblog.com/?p=4281#comment-132496</guid>
		<description>The socialist republic of san fransisco strikes again.</description>
		<content:encoded><![CDATA[<p>The socialist republic of san fransisco strikes again.</p>
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		<title>By: JT</title>
		<link>http://www.mymoneyblog.com/your-take-rent-control-based-on-tenants-income.html#comment-132488</link>
		<dc:creator>JT</dc:creator>
		<pubDate>Thu, 02 Jul 2009 07:08:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.mymoneyblog.com/?p=4281#comment-132488</guid>
		<description>This is so stupid - it&#039;s the kind of policy only Chris Daly would dare to introduce. It&#039;s not enforce-able and it&#039;s a waste time to even carry on a discussion about it.</description>
		<content:encoded><![CDATA[<p>This is so stupid &#8211; it&#8217;s the kind of policy only Chris Daly would dare to introduce. It&#8217;s not enforce-able and it&#8217;s a waste time to even carry on a discussion about it.</p>
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		<title>By: chris in Boston</title>
		<link>http://www.mymoneyblog.com/your-take-rent-control-based-on-tenants-income.html#comment-132481</link>
		<dc:creator>chris in Boston</dc:creator>
		<pubDate>Thu, 02 Jul 2009 03:30:07 +0000</pubDate>
		<guid isPermaLink="false">http://www.mymoneyblog.com/?p=4281#comment-132481</guid>
		<description>This is getting out of control.

Our Government is way out of control both at the state and federal level.

Obama is bankrupting this country hook line and sinker. If cap and trade passes, it will be the largets TAX increase imposed on Americans in our country&#039;s history.

Spain tried it, and failed as a result their unemployment rate is over 18%.  

Obama wants to spread the wealth, and subsidize everything and give everyone below a certain income a handout.  This will ONLY serve to keep people of a certain economic class down.  

Why learn to fish when the government gives you your fish for free?

people are so blind to it.  Obama is destroying this country.</description>
		<content:encoded><![CDATA[<p>This is getting out of control.</p>
<p>Our Government is way out of control both at the state and federal level.</p>
<p>Obama is bankrupting this country hook line and sinker. If cap and trade passes, it will be the largets TAX increase imposed on Americans in our country&#8217;s history.</p>
<p>Spain tried it, and failed as a result their unemployment rate is over 18%.  </p>
<p>Obama wants to spread the wealth, and subsidize everything and give everyone below a certain income a handout.  This will ONLY serve to keep people of a certain economic class down.  </p>
<p>Why learn to fish when the government gives you your fish for free?</p>
<p>people are so blind to it.  Obama is destroying this country.</p>
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		<title>By: DoneToZen</title>
		<link>http://www.mymoneyblog.com/your-take-rent-control-based-on-tenants-income.html#comment-132477</link>
		<dc:creator>DoneToZen</dc:creator>
		<pubDate>Thu, 02 Jul 2009 00:46:29 +0000</pubDate>
		<guid isPermaLink="false">http://www.mymoneyblog.com/?p=4281#comment-132477</guid>
		<description>This is outrageous! This seems to be another case when the government is penalizing the &quot;rich&quot; people for making good (or, in this case, bad, I guess) investment choices.</description>
		<content:encoded><![CDATA[<p>This is outrageous! This seems to be another case when the government is penalizing the &#8220;rich&#8221; people for making good (or, in this case, bad, I guess) investment choices.</p>
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		<title>By: Done To Zen &#187; Rent based on income</title>
		<link>http://www.mymoneyblog.com/your-take-rent-control-based-on-tenants-income.html#comment-132476</link>
		<dc:creator>Done To Zen &#187; Rent based on income</dc:creator>
		<pubDate>Thu, 02 Jul 2009 00:31:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.mymoneyblog.com/?p=4281#comment-132476</guid>
		<description>[...] I found this article on rent based on income from My Money Blog: [...]</description>
		<content:encoded><![CDATA[<p>[...] I found this article on rent based on income from My Money Blog: [...]</p>
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		<title>By: Strick</title>
		<link>http://www.mymoneyblog.com/your-take-rent-control-based-on-tenants-income.html#comment-132470</link>
		<dc:creator>Strick</dc:creator>
		<pubDate>Wed, 01 Jul 2009 21:34:18 +0000</pubDate>
		<guid isPermaLink="false">http://www.mymoneyblog.com/?p=4281#comment-132470</guid>
		<description>I&#039;m not exactly sorry for anyone foolish enough to be a landlord in SF.  I don&#039;t intend on land speculating in N. Korea or opening a chain of kosher delis in Iran either.</description>
		<content:encoded><![CDATA[<p>I&#8217;m not exactly sorry for anyone foolish enough to be a landlord in SF.  I don&#8217;t intend on land speculating in N. Korea or opening a chain of kosher delis in Iran either.</p>
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		<title>By: Brian</title>
		<link>http://www.mymoneyblog.com/your-take-rent-control-based-on-tenants-income.html#comment-132469</link>
		<dc:creator>Brian</dc:creator>
		<pubDate>Wed, 01 Jul 2009 21:30:27 +0000</pubDate>
		<guid isPermaLink="false">http://www.mymoneyblog.com/?p=4281#comment-132469</guid>
		<description>These people who come up with the bills, have no idea what it is like to run a business.  They should consult the business owners, in this case landlords, along with the consumers/tenants before drafting such a bill.  They should also understand that it would cut down there own city revenue.  I am generally left, and raised in CA, but sometimes SF just seems like a bunch of whiners.  You can&#039;t just complain and get everything you want, somethings you have to work for.</description>
		<content:encoded><![CDATA[<p>These people who come up with the bills, have no idea what it is like to run a business.  They should consult the business owners, in this case landlords, along with the consumers/tenants before drafting such a bill.  They should also understand that it would cut down there own city revenue.  I am generally left, and raised in CA, but sometimes SF just seems like a bunch of whiners.  You can&#8217;t just complain and get everything you want, somethings you have to work for.</p>
]]></content:encoded>
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		<title>By: Christine</title>
		<link>http://www.mymoneyblog.com/your-take-rent-control-based-on-tenants-income.html#comment-132468</link>
		<dc:creator>Christine</dc:creator>
		<pubDate>Wed, 01 Jul 2009 21:24:52 +0000</pubDate>
		<guid isPermaLink="false">http://www.mymoneyblog.com/?p=4281#comment-132468</guid>
		<description>To keep it short (&#039;cause I could really go off here), I agree with your opinion in the post. Having lived in rent controlled and non rent controlled housing over the years (including SF) and been a landlord in a non rent controlled city, I think I can resoundingly agree that this would be &quot;going too far&quot;.</description>
		<content:encoded><![CDATA[<p>To keep it short (&#8217;cause I could really go off here), I agree with your opinion in the post. Having lived in rent controlled and non rent controlled housing over the years (including SF) and been a landlord in a non rent controlled city, I think I can resoundingly agree that this would be &#8220;going too far&#8221;.</p>
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		<title>By: Health Insurance Quotes Guru</title>
		<link>http://www.mymoneyblog.com/your-take-rent-control-based-on-tenants-income.html#comment-132465</link>
		<dc:creator>Health Insurance Quotes Guru</dc:creator>
		<pubDate>Wed, 01 Jul 2009 20:00:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.mymoneyblog.com/?p=4281#comment-132465</guid>
		<description>Socialism rules the day right now - just look at the health care reform battle.  Hopefully, we can ride the storm out.</description>
		<content:encoded><![CDATA[<p>Socialism rules the day right now &#8211; just look at the health care reform battle.  Hopefully, we can ride the storm out.</p>
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		<title>By: Meg</title>
		<link>http://www.mymoneyblog.com/your-take-rent-control-based-on-tenants-income.html#comment-132463</link>
		<dc:creator>Meg</dc:creator>
		<pubDate>Wed, 01 Jul 2009 18:22:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.mymoneyblog.com/?p=4281#comment-132463</guid>
		<description>Wow, I can hardly believe that.  If the government wants to step in and subsidize people&#039;s rent so that it doesn&#039;t exceed 33% of their income, then I would be staunchly opposed to it but THAT is what they should try to legislate.  To simply pawn off their idealistic price desires on the landlord?  It&#039;s outrageous.  It&#039;s like telling gas station owners they can only charge $1 for gas - meanwhile they still have to pay the market price to purchsase it from the oil companies!  

This is one prime example of why California is in such a mess, why I would NEVER live there, and why people and businesses are fleeing or will eventually flee the state.  

Landlords are likely to be the ones paying TAXES in this scenario (not the lower income and immigrant population they are renting to), and if they are forced to have continual losses due to this kind of regulation, all that does is decrease the tax base.  While keeping housed the lower income folks who are already receiving all kinds of tax credits and other subsidies.</description>
		<content:encoded><![CDATA[<p>Wow, I can hardly believe that.  If the government wants to step in and subsidize people&#8217;s rent so that it doesn&#8217;t exceed 33% of their income, then I would be staunchly opposed to it but THAT is what they should try to legislate.  To simply pawn off their idealistic price desires on the landlord?  It&#8217;s outrageous.  It&#8217;s like telling gas station owners they can only charge $1 for gas &#8211; meanwhile they still have to pay the market price to purchsase it from the oil companies!  </p>
<p>This is one prime example of why California is in such a mess, why I would NEVER live there, and why people and businesses are fleeing or will eventually flee the state.  </p>
<p>Landlords are likely to be the ones paying TAXES in this scenario (not the lower income and immigrant population they are renting to), and if they are forced to have continual losses due to this kind of regulation, all that does is decrease the tax base.  While keeping housed the lower income folks who are already receiving all kinds of tax credits and other subsidies.</p>
]]></content:encoded>
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		<title>By: Stacy</title>
		<link>http://www.mymoneyblog.com/your-take-rent-control-based-on-tenants-income.html#comment-132462</link>
		<dc:creator>Stacy</dc:creator>
		<pubDate>Wed, 01 Jul 2009 18:13:56 +0000</pubDate>
		<guid isPermaLink="false">http://www.mymoneyblog.com/?p=4281#comment-132462</guid>
		<description>Econ 101 says that price caps lead to shortages. This has been true for hundreds of years of capitalism, and it will continue to be true. If you tie the hands of landlords, they will sell their property to an owner-occupant, thus reducing the number of available rental properties.</description>
		<content:encoded><![CDATA[<p>Econ 101 says that price caps lead to shortages. This has been true for hundreds of years of capitalism, and it will continue to be true. If you tie the hands of landlords, they will sell their property to an owner-occupant, thus reducing the number of available rental properties.</p>
]]></content:encoded>
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