SURPRISE! BRUNO BACKS TENANTS IN RENT BATTLE (Traitor RINO)

NY Post ^ | 6/4/03 | STEPHANIE GASKELL and FREDRIC U. DICKER

[NYC Republican]

Senate Majority Leader Joseph Bruno, formerly an opponent of rent-control laws, reversed course yesterday and said he wants to make them more pro-tenant - and Mayor Bloomberg indicated that's a good idea. Bruno said the Republican-led state Senate was "very flexible" in deciding whether to make changes to the rent laws, which are set to expire June 15.

[NYC Republican]

This is the same scum that buddies up with Sheldon Silver (D) to pass the tax increases - a trifecta - state, NY City, and sales taxes all go up - RETROACTIVE to last Jan 1st! They over-rode Pataki's veto. He might as well move over to the Dem side, he's a lying scumbag.

[Arkinsaw]

Price controls don't work.

[perfect stranger]

"Price controls don't work."

Never have and never will.

[supercat]

Price controls don't work.

Price ceilings increase the effective price to the purchaser of any goods whose natural prices fall above the limits, and price floors decrease the value to the seller of any goods whose natural prices fall below them.

Why do so few people understand this?

[Arkinsaw]

Why do so few people understand this?

Everybody likes the idea of free Bubble-Up and Rainbow Stew. Human nature.

If they would only decrease the rents to zero and raise the minimum wage to $50,000 an hour then we would all be well off.

[supercat]

SURPRISE! BRUNO BACKS TENANTS IN RENT BATTLE

BTW, headlines like the above are interesting since they presuppose the existence of an adversarial relationship between landlords and management.

The fact is that not only are landlords, collectively, best off when the market determines prices, but so are tenants, collectively. While rent control does improve things for some tenants, it makes things worse for other tenants. The effect is to give some tenants preferred status over others. Unfortunately, those who push for things like rent control seldom seem to discuss why certain tenants should be favored at the expense of others. In some cases, there may conceivably be valid reasons, but I've never heard them discussed.

[oceanview]

remember why Bruno did it, the tax increases are all paid by the "rich" downstate residents who make over $100K per year, so it does not effect his constituents.

[NYC Republican]

"so it does not effect his constituents."

Good point, but that's the city tax. The state tax surcharge hits all NYers making over 100K (sinlges, married couples over 150K)

[NYC Republican]

"The fact is that not only are landlords, collectively, best off when the market determines prices, but so are tenants, collectively. While rent control does improve things for some tenants, it makes things worse for other tenants. The effect is to give some tenants preferred status over others. Unfortunately, those who push for things like rent control seldom seem to discuss why certain tenants should be favored at the expense of others. In some cases, there may conceivably be valid reasons, but I've never heard them discussed"

BINGO! Absolutely spot on!

[supercat]

BINGO! Absolutely spot on!

BTW, the exact same principles apply to minimum-wage laws and many other forms of price-controls as well.

[elbucko]

Your entire post is correct. As a former soldier against the Santa Monica, CA rent control, the events of the aftermath of rent control prove your words. Rent control is only good for "Yuppie's" until they can buy a house. The poor? Rent control puts them in their car.

Rent control is one of the reasons the prices for houses are so high.

[oceanview]

very few of those wage earners live in Brunos district, only the downstate counties and NYC have the large numbers of those wage earners hit by the state income tax surcharge.

[Princeliberty]

Bruno's going to be minorty leader after 1996.
After 96 the Democrats will everything in
New York State.
Republicans headed for their lowest point
ever in the history of New York.

[Princeliberty]

That should have been 2006 not 1996.
I could have made really dead-on picks for
the 96 races!

[Dahoser]

He might as well move over to the Dem side, he's a lying scumbag.

Gee, could there be anything in his FBI file? All of a sudden he's playing ball on the RAT side and it coincidentally happens along with the release of Sid Vicious's book, Dallek's JFK hosed an intern tour, and Hitlery's book of BS with all attendant swooning from the media. Talk about setting the pins.

[finnman69]

This really pisses me off. Rent control is one of the reasons why partments remain expensive for those not lucky enought to slip into a rent controlled apartment.

[goodseedhomeschool]

Tenants already have far too many "rights". We landlords are being run out of business every day because of it.

[Little John]

I have zero compassion for the whining and crying from the poor abused "landlords. Rent control started in the '40s after WWII and then came stabilizationin the late '60s or early '70s. It seems to me that there are very few "landlords" around who were in the business before controls..... and if they survived for over 50 years then the laws can't be all that bad for them. Any landlord who got into the business after controls started knew damn well what the laws were. In business you take your chances. Vacancy decontrol is the only rational solution, but has never been seriously considered by any viable politician to my knowlege.

I agree that the existence of controls has probably held down the building of new apartments..... but I don't think the difficulties facing landlords in NYC are any worse than any those faced by any other business in the city.

[rector seal]

Bruno's NY state senate district includes declining cities and towns like Troy. Troy loses over 10% of its population every census and has no rent control as abandoned and collapsing buildings reflect the true future of New York state and eventually "the city's" fate as well.