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Date Posted: Friday, April21, 03:56:pm
Author: go grey
Subject: Re: There's a new Regina George in Newburgh
In reply to: Puppeteer 's message, "Re: There's a new Regina George in Newburgh" on Friday, April21, 11:28:am

Rent control limits private competition and is inflationary on the whole. As are the 'not for profit' housing providers with access to better terms of credit, remediation grants, sales tax exemptions, etc.. Further, the well connected landlords have a working relationship with the various housing authorities and their "less risk" renter pools. A constant net migration inward fuels this. So it's easy to virtue signal price controls. A claimed minimum 7% "unofficial" extra demand on the limited supply of housing, municipal services, healthcare, education, jobs, etc. is inflationary. A municipality's relative high cost of living is of its own making if it "elects" to over populate beyond its Real means in a fiat infused bubble economy. Cui bono? When the bubble burst the carrying costs remain...services are cut, people become unemployed and assets are sold for pennies on the dollar. But in the interim, more debt slaves are needed to keep it all inflated...
https://www.newsnationnow.com/business/your-money/homebuyers-good-credit-higher-mortgage-rates/

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