By: Diane Benjamin
Of course socialists hate capitalism. Krystle posts lots of anti-American stuff but this is a classic:
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Let’s start with people should be encouraged to buy a home, not rent their entire life. Owning builds wealth, renting does nothing but provide a place to live while you pay somebody else’s mortgage.
Krystle thinks if you risk your own money you are greedy to expect a return on your investment. It’s way over her head to know people don’t risk their own money expecting to lose money. No gain, no investment.
New York City has many rent controlled properties. People start living in a rent controlled apartment with a family, the kids move out, maybe one spouse dies, the survivor continues to live in the apartment because the rent is ridiculously cheap. Therefore that apartment isn’t available to families who need one.
Rent control produces fewer rentable properties. Nobody is going to build rental properties if government is going to tell them how much you can charge. The current “housing crisis” is caused by interest rates and inflation, not greed.
People voted for her and maybe the guy who caused interest rates and inflation to skyrocket. The left is math challenged, vote better. Expecting government to fix problems mean you must also believe the tooth fairy actually puts money under your kids pillow.
TIF’s are favorite tool of government. Lower taxes to make development easier never happen. Subsidizing developers to spur investment means the project wasn’t sustainable. Tax dollars invested by TIF sometimes work, sometimes don’t. Since TIFs last 23 years, the government guys who created them are likely long gone and pay no price for being wrong.
I bet Krystle didn’t take the communism test. She would fail: https://blnnews.com/2024/07/08/a-quiz-for-local-communists/
I gotta be honest though, I work in a social service field that helps people who are in hard times, find stable housing. It really is not that easy and many of these landlords are charging over $1000 a month for a really shitty, dilapidated 1 bedroom. It’s really hard to find decent housing that people can afford around here. Especially when they have no or bad credit.
Where are all the illegals living?
And why is that? For starters we’re living in Illinois where we pay some the highest property taxes in the nation. Krystle and her pals voted for tax increases on the McLean County Board. A record setting tax increase if I remember correctly. What are landlords supposed to do? They’re naturally going to charge higher rent to pay the taxes on the property. We don’t need rent freezes, we need tax freezes.
In addition, there are government regulations to bring buildings up to code and meet government set mandates such as mandatory recycling dumpsters (in Normal). People just don’t understand that the added expenses are going to increase rent. It’s people like Krystle who vote for these mandates.
Then, there’s the issue of property maintenance in an inflationary economy. Offset by higher property taxes a landlord has limited available resources to maintain property. Building expenses are at an all time high. What are landlords supposed to do.
Finally, there’s the ongoing problem of people not paying rent and the difficulty of getting rid of deadbeat renters. I have a friend who owns a rental property and he’s trying to get rid of deadbeat renters who have trashed the apartment and sit around all day smoking pot, a smell that doesn’t go away in a rental property to say nothing of the public nascence of it all. Again, compliments of our state and local government.
Honestly, I don’t understand why anyone would want to own a rental property in this town, but I’m tired of people like Krystle expecting that landlords are not entitled to a profit. She along with a host of other people in this town constantly paint them as the bad guys. Yet, they’re the ones who are funding Krystle’s government utopia through the property taxes that they pay.
The left think every business has stacks of cash in the back room. They also love Karl Marx because he loves class wars.
Krystle lives in her dead grandma’s house. She is clueless when it comes to adulting.
She wants rent control? Oh wow. Yeah. That’ll really fix housing. The government and big corporations will definitely be the only two parties capable of surviving in that climate.
How about making responsible choices, getting government out of the role of regulating, opening up businesses to competition and entrepreneurial growth, teach people how to be productive and create businesses like they did in the last century, individualism. Hard work, dedication, commitment, responsibility, sometimes putting the iPhone down, working more then 40 hours, learning from failures, and finding a trade are options for so many that just want to work part-time or low wage jobs and whine about it.
Wouldn’t you just love to interview her? I am dumbfounded where any of these folks of her ilk get their ideas. And their ideology. And their education.
3-D computerized housing is already being utilized in a number of communities around the country to get rid of tent cities. Not saying it’s a end-all, be-all but could be explored anywhere. The BN hierarchy would likely fight it as a solution because it’s reasonable for smaller homes and is cost-effective if you are building small, no frills homes. Labor unions and established BN builders would also fight it because it takes few on site workers and can be constructed quickly saving on labor costs and homes last longer than a wood constructed home. Interesting to see if the concept comes up in future conversations.
Breaking it down. If my mortgage and taxes to pay on my property is ONLY 350.00 a month, I will need to cover the 6 months you refuse to pay, the $500-$3,000 to get you evicted, the water bill you didn’t pay, the repairs because you don’t own the property and think you have the right to get even with me, estimated another $2 grand: IF you pay the first 6 months you are in my property I will need minimum $1,000 rent to BREAK EVEN. Add Labor for maintenance and your constant whining, the abhorrent taxes and I am quickly needing $1500.00 a month. But… what about all the money I lost on the last 3 tenants. Suddenly I’m the bad guy for charging rent in the hopes that I might make a return profit on my investment? Housing crisis is not going to be averted until tax reductions are made REAL, (which happens NEVER), the water bills go with the tenant not the property owner and government backs off.
Rent control doesn’t exist in Illinois because there was a huge lobbying effort spearheaded by the Realtors’ Assocication back in the 1990s to pass legislation that banned it. There was no real movement for rent control anywhere in the state back in the 1990s; the passing of this legislation was a preemptive, just-in-case move, per some of state legislators who voted in favor of the bill. Rent control almost becomes a secondary issue to that of: Who gets to decide what a local municipality does – the locals, or the state?
Or maybe they saw what happened to NY City. It’s a dumb idea