Liberal Forum

Price caps is price fixing and price fixing is illegal. I seen The Informant with Matt Damon, so I know what the **** I'm talking about

Warcok » 16 Apr 2023, 5:23 pm » wrote: ↑

16 Apr 2023, 5:23 pm

Price caps is price fixing and price fixing is illegal. I seen The Informant with Matt Damon, so I know what the **** I'm talking about

I think legally it depends on whether the price fixing is a sovereign action or a concerted effort of a monopoly or trust. 

Monderegal » 16 Apr 2023, 4:42 pm » wrote: ↑

16 Apr 2023, 4:42 pm

Not according to straight line depreciation which uses the equation the AI states.

Whatever.
I don't care much about depreciating slum investments.

Monderegal » 16 Apr 2023, 10:08 am » wrote: ↑

16 Apr 2023, 10:08 am

Should there be price caps on housing rentals?
 

No.  People can do what they want with the property they own.  Rent it out for 2 Billion dollars a month, if you can.  When government starts screwing with rental rates, then rentals dry up and people are thrown out into the streets.  No individual has a right to live in a residence owned by another person.

Skans » 16 Apr 2023, 7:22 pm » wrote: ↑

16 Apr 2023, 7:22 pm

No.  People can do what they want with the property they own.  Rent it out for 2 Billion dollars a month, if you can.  When government starts screwing with rental rates, then rentals dry up and people are thrown out into the streets.  No individual has a right to live in a residence owned by another person.

Well I think there is some sort of value where people have a right to have housing. The government building housing is also problematic. Like everything in policy, the answer is usually complicated..

Xavier_Onassis » 16 Apr 2023, 11:39 am » wrote: ↑

16 Apr 2023, 11:39 am

The moment they put a cap on prices, all prices will likely rise to the cap. So for the short term this is a bad idea. Price controls did not work for Nixon.

The tax system promotes higher rent.
There is a false assumption in the tax code that housing will depreciate 5% annually in value.
So every year the landlord gets to claim a 5% deduction, in addition to maintenance costs.

After the property is 100% depreciated in 20 years, it is worthless for tax purposes. In reality, it is worth much more.
So the landlord is motivated to SELL it, and he can do this,m make a huge profit, and invest in another rental income property.
The new landlord then gets a 5% annual deduction. But since the new landlord paid a lot more, he is forced to raise the rent to make a profit.

Residential rental property is depreciated over a period of 27.5 years.
The IRS defines this in Publication 527.

@Deezer Shoove  do your homework before you agree with this CLOWN!
 

POM » 17 Apr 2023, 5:18 am » wrote: ↑

17 Apr 2023, 5:18 am

Residential rental property is depreciated over a period of 27.5 years.
The IRS defines this in Publication 527.

@Deezer Shoove  do your homework before you agree with this CLOWN!

I just tire of "experts" with agendas.
I've used actual sarcasm with this poster before and it fell flat.
Humorless know-it-alls are not my thing. Unless they DO know something.  

Thanks for the heads up.  

peepee » 16 Apr 2023, 2:11 pm » wrote: ↑

16 Apr 2023, 2:11 pm

 
...that's ripe coming from a big government puppet-sucking republic#nt!... [and monetary ignoramus!]     

If you think I'm a supporter of "big government", you're even dumber than you appear to be here every damn day!   

Trumprules » 17 Apr 2023, 6:36 am » wrote: ↑

17 Apr 2023, 6:36 am

So you funny non experts. Hmmm

Well said.

Monderegal » 16 Apr 2023, 8:11 pm » wrote: ↑

16 Apr 2023, 8:11 pm

Well I think there is some sort of value where people have a right to have housing. The government building housing is also problematic. Like everything in policy, the answer is usually complicated..

Sorry to burst your bubble, but there is NO "right to have housing" that can be found in the US Constitution.
 

Trumprules » 17 Apr 2023, 6:38 am » wrote: ↑

17 Apr 2023, 6:38 am

We know you Trump supporters want a federal government just big enough to drowned in the bath tube.

Too bad mommy didn't do that to you!    
 

FOS » 16 Apr 2023, 11:24 am » wrote: ↑

16 Apr 2023, 11:24 am

i think we could construct an alternate theory about why places like detroit and baltimore have been abandoned...

There are unquestionably a myriad of reasons, but far above all others are the rent control laws forced on a landlord that require him to lose money on the property he owns.

No other explanation comes close.
 

Trumprules » 17 Apr 2023, 6:40 am » wrote: ↑

17 Apr 2023, 6:40 am

So you want funny non experts. You still haven't got any solutions to the high rent problems in these high population areas.

I already answered the posed question.
Why? Does my answer conflict with yours?

Trumprules » 17 Apr 2023, 6:44 am » wrote: ↑

17 Apr 2023, 6:44 am

Just your luck. You may find enough power in the trump movement to kill anybody you want to.

Unlike Biden and murderers like Cuomo who killed thousands of elderly in nursing homes by housing infected Covid patients together with them.

Care to talk about the 13 US Marines Biden stupidly let be killed in Afghanistan?  Or the tens of thousands of Ukrainians and Russians he's playing soldiers with while risking nuclear war?

Show us where Trump did ANYTHING like that during his term.
 

Monderegal » 16 Apr 2023, 10:08 am » wrote: ↑

16 Apr 2023, 10:08 am

Most economists will tell you that price caps are a short term fix. Some say that housing is too expensive in America. Should there be some limit on pricing when it comes to housing? Here's some AI help:
 
Sure, I'd be happy to explain the pros and cons of capping housing rental prices.
Positives:

• Improved affordability for renters: If housing rental prices are capped, renters will be able to more easily afford their monthly rent payments, leading to a reduction in housing insecurity.
• Greater stability: Capped rental prices would offer greater certainty and stability for both renters and landlords. This stability can lead to reduced stress for tenants, who may not have to worry about rent increases beyond their budget.

Negatives:

• Reduced investment incentives: Capping rental prices could negatively impact the development of new rental housing. Developers may be less likely to build or renovate properties if they lack the ability to generate returns necessary to cover their costs.
• Decreased availability: Capping rental prices could also result in a lower supply of available rental units in a given area. If landlords struggle to generate sufficient profits, they may choose to exit the rental market or convert units into other types of properties such as condos.
• Unintended consequences: There is a risk that capping rental prices could lead to other unintended consequences, such as higher move-in fees, less upkeep on rental properties, or lower quality rental units.

Overall, the pros and cons of capping rental prices are a topic of debate among economists, policy-makers, landlords, and renters. Any decision to implement caps would need to carefully weigh the potential benefits and drawbacks of the policy.

  The actual price cap would be the original non debt based gold and silver money system (natures money not mans artificial money) where products and services would sometimes inflate but then also deflate.  The current system is rigged to inflate without any corresponding wage inflation or less wage inflation so that it now takes three or four people to purchase the same goods and services as one person living back in the 1950s. Starts off with hard times for the poor and then effects everyone, College professors in Wiemar Germany stopped working because their paychecks stayed the same along with everyone else's paychecks, then because they had no skills other than mostly lies and fantasy land BS, they ended up out on the streets begging.  USA city's have more people out in the streets begging every year.
 

Xavier_Onassis » 16 Apr 2023, 12:16 pm » wrote: ↑

16 Apr 2023, 12:16 pm

20 X 5% is 100%, why? Because 20 X 5 is 100.
The deduction is based on the price paid by the landlord to the previous owner.
 

WRONG!!!  The basis of an asset for depreciation purposes is the cost of putting the asset into service.  That may or may not be limited to the price paid to the previous owner.  Additionally, for tax purposes the useful life or real property (buildings) is 39 years and any improvements made to the building are depreciated over the remaining useful life of the building.
 

Trumprules » 17 Apr 2023, 7:13 am » wrote: ↑

17 Apr 2023, 7:13 am

No doubt about it. Seems wages have not held up and the drug problem is not dealt with. The government and the drug cartels are making bank from the original drug trafficking by the Reagan adm in the 1980s. To fund Iran and Iraq war by Ollie north.

 Just say no to drugs became take this new drug or just be going down the road with nothing after you lose all property.





 

Trumprules » 17 Apr 2023, 7:13 am » wrote: ↑

17 Apr 2023, 7:13 am

No doubt about it. Seems wages have not held up and the drug problem is not dealt with. The government and the drug cartels are making bank from the original drug trafficking by the Reagan adm in the 1980s. To fund Iran and Iraq war by Ollie north.

Real genius!  Rather than put the blame for illegal drugs on Biden, who has let in THOUSANDS of illegal drugs and drug dealers with his open border, or Obama who began the stupidity of his own open door policy to drugs and illegals, you want to go back 40 years to try to blame a president you hate almost as much as you hate Trump, only because you can't fault Trump at all since HE ALONE was the one who shut the border before the idiots YOU voted for threw it wide open!

The finger of blame is pointed right at ignorant liberal voters like you!  NOWHERE ELSE!
 

Monderegal » 16 Apr 2023, 10:08 am » wrote: ↑

16 Apr 2023, 10:08 am

Most economists will tell you that price caps are a short term fix. Some say that housing is too expensive in America. Should there be some limit on pricing when it comes to housing? Here's some AI help:
 
Sure, I'd be happy to explain the pros and cons of capping housing rental prices.
Positives:

• Improved affordability for renters: If housing rental prices are capped, renters will be able to more easily afford their monthly rent payments, leading to a reduction in housing insecurity.
• Greater stability: Capped rental prices would offer greater certainty and stability for both renters and landlords. This stability can lead to reduced stress for tenants, who may not have to worry about rent increases beyond their budget.

Negatives:

• Reduced investment incentives: Capping rental prices could negatively impact the development of new rental housing. Developers may be less likely to build or renovate properties if they lack the ability to generate returns necessary to cover their costs.
• Decreased availability: Capping rental prices could also result in a lower supply of available rental units in a given area. If landlords struggle to generate sufficient profits, they may choose to exit the rental market or convert units into other types of properties such as condos.
• Unintended consequences: There is a risk that capping rental prices could lead to other unintended consequences, such as higher move-in fees, less upkeep on rental properties, or lower quality rental units.

Overall, the pros and cons of capping rental prices are a topic of debate among economists, policy-makers, landlords, and renters. Any decision to implement caps would need to carefully weigh the potential benefits and drawbacks of the policy.

sure....let's create another dysfunctional economical nuke....why not limit all incomes and freeze all prices on everything so we can get to nuking of our economy even faster.....then we can limit the number of kids people can have based on skin color....then we can limit meat, energy, water and everything just to fix every problem and unhappiness for everyone.


Great idea....thanks for sharing!!

Monderegal » 16 Apr 2023, 8:11 pm » wrote: ↑

16 Apr 2023, 8:11 pm

Well I think there is some sort of value where people have a right to have housing. The government building housing is also problematic. Like everything in policy, the answer is usually complicated..

People have a right to try and earn money to take care of themselves.  People do not have a right to collect government benefits so they can lay around and get high all day.  No one has any obligation to provide housing for people like that.