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(141 votes) 5:41 pm
July 8, 2010
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Mick, with all due respect I think you read into that quot what you wanted to read.
I think JFK would be appalled at the government's taking of private property.
Government housing subsidies are required for families with very low incomes. Public housing is the only housing they can afford; yet public housing is too often unavailable.
By your own research JFK clearly favors government subsidies and the government is responsible for building enough units to meet that demand.
You get no argument from me on that point, in addition his quote clearly shows the failure of the nanny state to provide enough housing units.
You on the other hand have glossed over the governments 'taking' which I find quit offensive.
I don't know what you do. but doubt you'd want the nanny state to tell you to provide your service at a discounted rate to some folks and not others.
Shanty
9:42 pm
January 20, 2012
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Shanty, I am right behind you on this one.
Would anyone like it if the government came in and told you that you were not allowed to collect fair market prices for your products or services. What if the government forced you to cut your prices in half, would you be able to stay in business? What if the government sent someone to your place of employment and took away half your income and gave it to others who don’t earn as much as you. Is this fair? How would you feel about directly subsidizing people who make more money than you?
Is having the government regulate the prices of what a business owner may charge for their product or services a good idea? What if the government came to your employer and told your boss that he/she must reduce the price of their products or services. After that, your boss would start losing money and could not afford to keep you employed. Then you would lose your job.
Everybody loves a bargain. It is human nature to feel good about paying less than market value for anything you purchase. Who would not want to buy a brand new car for a thousand dollars?
7:49 am
September 15, 2011
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So I am guessing you guys won't mind if gas is $10 a gallon or if the local store charges you say $20 for a gallon of water after an earthquake; it sounds like whatever anyone wants to charge for anything is okay not matter the scenario.
8:47 am
July 8, 2010
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Ms Venice--I just don't see the correlation in your statement.
9:01 am
December 17, 2010
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Venice Rob said
Shanty, I am right behind you on this one.Would anyone like it if the government came in and told you that you were not allowed to collect fair market prices for your products or services. What if the government forced you to cut your prices in half, would you be able to stay in business? What if the government sent someone to your place of employment and took away half your income and gave it to others who don’t earn as much as you. Is this fair? How would you feel about directly subsidizing people who make more money than you?
Is having the government regulate the prices of what a business owner may charge for their product or services a good idea? What if the government came to your employer and told your boss that he/she must reduce the price of their products or services. After that, your boss would start losing money and could not afford to keep you employed. Then you would lose your job.
Everybody loves a bargain. It is human nature to feel good about paying less than market value for anything you purchase. Who would not want to buy a brand new car for a thousand dollars?
Wouldn't It be nice if people referenced rather than plagiarized ? You deserve a thorough spanking VeniceROB.
9:38 am
September 15, 2011
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shantyirish said
Ms Venice--I just don't see the correlation in your statement.Market Price: (economics) The price at which a product, financial instrument, service or other tradable item can be bought and sold at an open market; the going price.
9:58 am
June 5, 2012
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I think it's worth noting that Lincoln Place was built with PUBLIC FUNDS – taxpayer money – by the government to house returning GI's after WWII in the late 40's! Many years later it was sold off to a private investor (a mistake, I would argue, but that's tangential),and has changed hands several times.
I see a lot of bitching about rent control on this site and I need to point out that landlords are allowed to increase rents annually by a "reasonable" amount. I think it's 4%? Not sure, but regardless, I work in the private sector and there's no guarantee of an annual cost of living raise for me. So it's not like any landlords are getting shafted by the rent stabilization ordinances in LA.
Meanwhile, property taxes in LA go up NO MORE than 2% annually, and that's for sure not market forces at work and IS government regulation,, so I think there's a lot of hypocrisy 'round these parts! If you think rents should play out to "market forces" then your property taxes should be assessed similarly.
10:37 am
April 13, 2012
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mllepriest said
Meanwhile, property taxes in LA go up NO MORE than 2% annually, and that's for sure not market forces at work and IS government regulation,, so I think there's a lot of hypocrisy 'round these parts! If you think rents should play out to "market forces" then your property taxes should be assessed similarly.
Your property taxes go up to full current value any time you make improvements to your property or refinance – so you argument is bunk. If you buy a property that has long term tenants paying below market rent – you get stuck paying full value property tax while your tenant keeps paying below market rents – in perpetuity…
11:10 am
January 20, 2012
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mllepriest said
I think it's worth noting that Lincoln Place was built with PUBLIC FUNDS – taxpayer money – by the government to house returning GI's after WWII in the late 40's! Many years later it was sold off to a private investor (a mistake, I would argue, but that's tangential),and has changed hands several times.I see a lot of bitching about rent control on this site and I need to point out that landlords are allowed to increase rents annually by a "reasonable" amount. I think it's 4%? Not sure, but regardless, I work in the private sector and there's no guarantee of an annual cost of living raise for me. So it's not like any landlords are getting shafted by the rent stabilization ordinances in LA.
Meanwhile, property taxes in LA go up NO MORE than 2% annually, and that's for sure not market forces at work and IS government regulation,, so I think there's a lot of hypocrisy 'round these parts! If you think rents should play out to "market forces" then your property taxes should be assessed similarly.
Rent control is 3% increase per year. As far as property taxes, they are only one aspect of running a rental business. You must have forgot to ad the city taxes, electric, trash, water, insurance, increased by at leased 30 percent.
11:30 am
May 28, 2009
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i know a lot of land owners in venice.. most of them paid 100-300k for propertys ten or more years ago.. some with multi unit some single family. some with low income…
i never hear complaints about low income units…
they make a ton of money…. 6 units @ 2000 a unit is 12000 a month. with a morgauge of 2000. thats 10k a month in the pocket…
shure you have taxes and maintenance and lawsuits.. but hey. they are making millions.
if you want to buy a triplex in venice today for 1.3 million . you are either stupid.. or rich.
and if your a developer going for the small lot subdivision. your going to make a million dollars.. if the market holds..
soon venice will look like manhattan beach… dont forget your pastel cashmere sweaters..!!
12:08 pm
August 29, 2011
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You forget that when the average person invests in income property, they assume financial and person risk. It goes along with owning and caring for a building. My very first tenant didn't pay the rent and it took me months to evict. I almost lost my building.For some of us it was the only investment for retirement if you're not in a union, work for the government, or employed by a company with retirement benefits.
The other alternative would be having the government be your landlord. In these times when you need maintenance the first answer would be 'we have no money so we can't fix your maintenance problem'…….a standard reply when anyone calls for city services now. In better times you would wait for months to have your faucet or toilet fixed.
