Thursday, October 21, 2010

Rent Is Too Damn High

I could not agree more with Jimmy McMillan. Rent is too damn high.

I have yet to see a desirable decent apartment whose rent isn't too damn high.

But socialism doesn't help.

In capitalism, the desirable and expensive apartments go to those who produce most.

Under communism, they go to the commissars.

Under less comprehensive forms of socialism, like rent control, they go to the well-connected.

If you give up capitalism for socialism, it no longer matters how much you make, but who you know.

For cheaper and more plentiful housing, it takes more capitalism, not less. End frivolous government regulation.

End zoning rules that limit building height and floor area. End runaway landmarking that turns whole neighborhoods into historic districts museums where townhouses cannot be demolished to build apartment towers.

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