Are rent-controlled appartments the evilest thing ever?

[giblets]

For it to be ironic it has to be true

Uhh....... no....

[KrazyHorse]

KH,
Yeah I thought you would try to justify it, and you did a really ****ty job too. It's clearly rent seeking. You aren't adding value, but you are taking ' rent' from others.

Again demonstrating that you have no idea what rents are...

[KrazyHorse]

You are one stupid ****, kiddypie

[Kidlicious]

Again demonstrating that you have no idea what rents are...

I'm not going to get into semantics. You use up resources that could otherwise be used to add value to goods and services for consumers. As far as I can tell this is effectively the same evil that you attribute to rent control. The difference being of course that you use up much more resources and therefore are much wealthier.

[KrazyHorse]

1) I don't do HFT, nor do I personally know anybody who does
2) It's not a rent when somebody provides a service (in this case, provision of liquidity) which other people are willing to pay for, you ******
3) You remain an enormous imbecile who opines on subjects he is mentally ill-equipped to handle and who has a dysfunctional personality which leads you to lash out at a world which you believe has shortchanged you. In reality, you're simply a failure.

[Kidlicious]

1) I don't do HFT, nor do I personally know anybody who does
2) It's not a rent when somebody provides a service (in this case, provision of liquidity) which other people are willing to pay for, you ******
3) You remain an enormous imbecile who opines on subjects he is mentally ill-equipped to handle and who has a dysfunctional personality which leads you to lash out at a world which you believe has shortchanged you. In reality, you're simply a failure.

1) I don't know what you do specifically. I do know that your employer makes it's money by taking it from others.
2) Just because someone pays you to do it doesn't make it effectively different. Making people richer doesn't add value to the economy when you made someone else poorer.
3) I know you aren't an accountant but you know how to follow the dollars, so don't play stupid.

[KrazyHorse]

Accountants are evil. They just fiddle around with numbers instead of creating anything of value.

Back to gribby's point, then

[Kidlicious]

He intended that as a false statement because he doesn't know how to make ironic statements.

[KrazyHorse]

Not only do you not know what an economic rent is, you also don't know what irony is, you unbelievable ****.

[Kuciwalker]

@ thread

[Dinner]

It is a blend of stupidity and evil. There are those whose entire thought process consists of "let's help out poor people by stopping their landlords from charging them so much rent!". These people are stupid. Then there are those (the inhabitants of rent-controlled apartments, lawyers working on rent control cases, bureaucrats charged with enforcing rent-control laws, landlords of buildings not covered by rent control) who form an interest group which benefits from rent control at the expense of everybody else in society and of the common weal. These people are evil.

It is a classic example of bootleggers and baptists...

http://en.wikipedia.org/wiki/Bootleggers_and_Baptists

History is littered with examples of the enormous damage price controls do, and how quickly the supposed benefits are dispersed. I have yet to see an example of price controls doing good, with the quasi-caveat of monetary policy.

It's actually a hang over from WW2 when workers weren't legally allowed to strike for better wages yet prices kept increasing due to shortages. The no strike policy became so unpopular that several unions did it any way and the administration had to promise to take immediate direct action to help control price increases in order to get them to stop striking. One of the few places the government found they could control prices was in official rents so that's were they took action. Sadly, 65 years it is still around in some places though thankfully not in California we opted to give the poor, or rather his landlord, a cash subsidy but the rent isn't controlled).

[Kidlicious]

People don't get a cash subsidy for rent because of rent increases. That's only for homeless families with children.

[N35t0r]

1) I don't know what you do specifically. I do know that your employer makes it's money by taking it from others.

Well, the other option is to actually make the money, but that's illegal.

[Kidlicious]

You're an idiot.

[giblets]

You're an idiot.

Where do you get your money if you don't accept it from others?