305
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 06 Feb 2024
305 points (90.5% liked)
politics
19096 readers
3255 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 1 year ago
MODERATORS
Yeah, if only people looked at the statistics and ignored the rumbling in their stomachs. Public policy folks have it so hard.
For most people, the rumbling was even worse before Biden. That's the part you try so hard to ignore.
I'm not doubting the statistics show that.
But people's stomachs are still rumbling, and they're not going to be silenced by statistics.
No, but the only way to silence them is to do more of what Biden has already done.
Allow the housing interest rate to more than double? I don't need any more of that thanks.
You don't need a mortgage to silence a rumbling stomach.
You still need a place to live. Tell me, what happens when the cost of buying property goes up, if you're a renter? Where does the extra money you have go spend on housing come from?
I guess I wouldn't care as much if I were a rich politician either.
Depends on supply and demand for rentals. Right now, supply is up and rents are going down. In which case, if costs are up then landlords eat the loss.
Yes, that $40 off a month is doing a lot to make up for the explosive increases we've seen. And I'm sure that spike in interest rates will have no long lasting effects.
Landlords do not eat the cost, nor do they often lower rent if they can get away with charging the same or more. "Due to lower expenses on our side, we are dropping rent by 5%" said very few landlords ever, except in fantasy land.
Biden do be out of touch.
Landlords reduce the rent on vacant units when they have too many of them. Just like hotel owners
And those prices do not go below the cost to run those properties, which has gone up significantly. But of course, it's easy to ignore the millions of people struggling if your goal is to put a shine on a rich politician with no real insight into thier struggles.
Revenues can certainly be lower than the costs to operate a property. That just means the business is operating at a loss, which is in fact happening to plenty of rentals as well as hotels.