It Was 400 Years Ago, They Said

[Mr.Guy]

Props to Hennessy for breaking down rent control. Early nominee for post of the year. Underdog put that on a t shirt.

 

[dathbgboy]

......Welp, we won't see him in this thread anymore.

Good looks on the history lesson Henny, I'm actually gon read it again to properly absorb it.

 

[ksteezy]

Hmmm so snowflake @ninjahood came in here and reported me again I see I didn't receive a warning and my post is now deleted. For what reason?

Wow, someone needs to bookmark and save that post, I tip my hat to you, perfectly put...clear as water but we all know dude won't get it and yes I'm sure he screaming for meth....that ownage was beautiful tho.

 

[ksteezy]

Can ninja modernize his apartment and rent it to someone for $$?

He can do just about what anyone in a rental can, that's paint and polish the floors, he sure can't mess with the structure of the actual apartment as it is not theirs....they can't sublease it because that would be illegal, HE TALKS ABOUT INHERETANCE of a rented apartment, is **** HILARIOUS....my dude ignores facts as he sees fit...just like Henny said, many of these rent control spaces are ugly and tore down inside, yes they may be big apartments, but nothing to be proud of living in as a grown man, we've all seen video and picture footage of his home and it's very outdated....Its sad, the homie really has no ambition...he's so content with what the man hands him down, so that he can save a few pennies....dude seriously did have the golden ticket to break that glass ceiling, but the virtual shackles won't let him rise....

As I've said many times, 30+ with nothing but maybe insurance and a phone bill, to be responsible off, good job, dude should be closing in on at least over half a mill saved, doesn't seem like he travels, no wife, no kids, literally work and stash....YES NINJA THAT OPPORTUNITY would spark a little jellyness in a lot of us, because we know with the ambition of most men here that opportunity won't be a waste...that's the type of lifestyle you commit to with a goal of a better life in mind.

 

[hoosierdaddy317]

NH still got his shoe selection? He gonna sell it off and rent a Manhattan apartment on yall ***** b 

 

 

[hoosierdaddy317]

Man I think this racial gap will close as baby boomers die off... but I'm hoping that's the case at least. I grew up in a predominately black area and predominately black schools with a lot of ppl living in poverty/single family households and went to a private school/college with a lot of well off white folks. I've seen both ends of the spectrum.

 

[dathbgboy]

Man I think this racial gap will close as baby boomers die off... but I'm hoping that's the case at least. 

Yes and no, we still have Gen Xers, at least the older ones and they both teach the ignorance to their offspring. It won't really close until white people become the minority or almost equal to other nationalities in this country

 

[Mark Antony]

Shut up. You're the only idiot ITT that needs education. Let me school you...

FDR, a democrat, was the reason your mother still has rent control. The law is antiquated and detrimental to a free-market economy. You, Edwin, are a proud leech of a benefactor (your mother) of a romantic conception of socialism (rent control). When you artificially encourage demand and discourage supply it's not good for a CAPITALIST FREE-MARKET ECONOMY (the values America was built on, btw). House rents being kept low may benefit lower-middle class individuals such as you and your mother who can't afford to live in the same area and pay market rate in the private, UNREGULATED housing sector. It hurts everyone else who can afford to pay market rate but can't find a place to live because people like you abusing an outdated wartime effort legislation.

In 1942, President Franklin D. Roosevelt signed the Emergency Price Control Act into law. The goal of the act was to prevent inflation (a concept I expect to be lost on you due to your investment in depreciating rubber sneakers) in the booming, fully employed wartime economy by setting price controls nationwide. In November 1943, the Office of Price Administration froze New York rents at their March 1, 1943, levels. When the Emergency Price Control Act expired in 1947, Congress passed the Federal Housing and Rent Act of 1947, which exempted construction after February 1, 1947, from rent controls, but continued that regulation for properties already completed by that date.

Your mother got lucky. Rent control is a government-mandated price control. As in the case of other price ceilings, rent control causes shortages, diminution in the quality of the product, and queues.

Rent control has destroyed entire sections of sound housing in New York’s South Bronx and has led to decay and abandonment throughout the entire five boroughs of the city. Thanks to rent control, and to potential investors’ fear that rent control will become even more stringent, no sensible investor will build rental housing unsubsidized by government.

Edwin, news flash, you live in rental housing subsidized by government. It's a fact you choose to conveniently ignore.

It's no wonder you appear to be living in squalor. Existing rental units fare poorly under rent control. Even with the best will in the world, the landlord sometimes cannot afford to pay his escalating fuel, labor, and materials bills, to say nothing of refinancing his mortgage, out of the rent increase he can legally charge. And under rent controls he lacks the best will; the incentive he had under free-market conditions to supply tenant services is severely reduced.

The sitting tenant (your mother) is “protected” by rent control but, in many cases, receives no real rental bargain because of improper maintenance, poor repairs and painting, and grudging provision of services. The enjoyment she can derive out of her dwelling space ultimately tends to be reduced to a level commensurate with her controlled rent. This may take decades, though, and meanwhile she benefits from rent control.

Then there is the “old lady effect.” Consider the case of a two-parent, four-child family that has occupied a ten-room rental dwelling. One by one the children grow up, marry, and move elsewhere. The husband dies. Now the lady is left with a gigantic apartment. She uses only two or three of the rooms and, to save on heating and cleaning, closes off the remainder. Without rent control she would move to a smaller accommodation. But rent control makes that option unattractive. Needless to say, these practices further exacerbate the housing crisis. Repeal of rent control would free up thousands of such rooms very quickly, dampening the impetus toward vastly higher rents. You'll never have to worry about this happening since you're a momma's boy who can't fend for himself as a man. No vacancies in Sheila's house because you are both abusing the law.

If government really had the best interests of tenants at heart and was for some reason determined to employ controls, it would do the very opposite of imposing rent restrictions: it would instead control the price of every other good and service available, apart from residential suites, in an attempt to divert resources out of all those other opportunities and into this one field. But that, of course, would bring about full-scale socialism, the very system under which the Eastern Europeans suffered so grimly. If the government wanted to help the poor and was for some reason constrained to keep rent controls, it would do better to tightly control rents on luxury unit rentals and to eliminate rent controls on more modest dwellings—the very opposite of the present practice. Then, builders’ incentives would be turned around. Instead of erecting luxury dwellings, which are now exempt, they would be led, “as if by an invisible hand,” to create housing for the poor and middle classes.

You stick to saying your mom was just smart and you got grandfathered in. No one believes it. The fact is that no one is envious of your situation. Most of us are paying market rate for where we live because we can afford to. We aren't jealous of someone trapped in a box benefiting from a dead law his mother got grandfathered into. We have the freedom to choose wherever we want to live, comfortably, without our mother. You are a glass ceiling hood dream trapped by circumstances you believe benefit you when your circumstances have stunted your growth. You peaked as an 18-year old child living with his mother and have remained "that dude" for the past 12 years. I know you love hip-hop references so go listen to 2nd childhood by Nas.

If you wanna sit and talk with the big boys you have to leave your stoop, kid. None of us take you seriously because you rely on your mother's assistance. None of us admire you because you didn't even take advantage of the opportunities your mother provided for you to save extra income and elevate yourself into a different social strata. You had the golden ticket laid out in front of you. You used it to selfishly buy sneakers and save for a chain for 10 years. The same chain that's going to be weighing you down as you dwell in that musty *** ghetto apartment. Damn son... You could've started a business with that money and could have a revenue stream coming in off that business to allow you to move out of those terrible conditions. Wait... that's what Trump did right? The man you admire so much. He took the inheritance his family provided and started his own businesses. He didn't just blow it on material posessions. He created an opportunity to pass that wealth down to the next generation, which, is what this thread is all about. But we know you're too selfish to invest that inheritance your mother gave you. You just spend it on dumb consumer goods instead so you can try to feel like you're not lower-middle class (which you are just based off of your living conditions). You just a little broke child though with a small selfish heart, it's really sad the more I type the more I feel bad for you and especially your mom. So I'ma just leave it at this. Stay in your place.

Destroyed!! and I remember that chain from years back and that damn musket.

It was a perfect breakdown. Don't let this weak clown complain it away.

 

[Mark Antony]

I'm sure he will. That one word doesn't negate the entire thing.

 

[hennessy]

Of course he reported me Posts don't just magically disappear on their own. I was getting to all of this in the political thread but he called me a snowflake, reported me, and I got banned for name calling. So I had to finish him here and I didn't really care to stop with the name calling. Meth can ban me if wants IDGAF.

I wouldn't have even known had I not seen my reps noticeably drop out of no where. I didn't receive a warning. Meth probably purposely let the post live through the quote but I dunno. If he did then that's hilarious and I thank him for that.

I'm posting it again with any subtle shots taken out. Just pure facts right here.

FDR, a democrat, was the reason your mother still has rent control. The law is antiquated and detrimental to a free-market economy. You, Edwin, are a proud leech of a benefactor (your mother) of a romantic conception of socialism (rent control). When you artificially encourage demand and discourage supply it's not good for a CAPITALIST FREE-MARKET ECONOMY (the values America was built on, btw). House rents being kept low may benefit lower-middle class individuals such as you and your mother who can't afford to live in the same area and pay market rate in the private, UNREGULATED housing sector. It hurts everyone else who can afford to pay market rate but can't find a place to live because people like you abusing an outdated wartime effort legislation.

In 1942, President Franklin D. Roosevelt signed the Emergency Price Control Act into law. The goal of the act was to prevent inflation in the booming, fully employed wartime economy by setting price controls nationwide. In November 1943, the Office of Price Administration froze New York rents at their March 1, 1943, levels. When the Emergency Price Control Act expired in 1947, Congress passed the Federal Housing and Rent Act of 1947, which exempted construction after February 1, 1947, from rent controls, but continued that regulation for properties already completed by that date.

Your mother got lucky. Rent control is a government-mandated price control. As in the case of other price ceilings, rent control causes shortages, diminution in the quality of the product, and queues.

Rent control has destroyed entire sections of sound housing in New York’s South Bronx and has led to decay and abandonment throughout the entire five boroughs of the city. Thanks to rent control, and to potential investors’ fear that rent control will become even more stringent, no sensible investor will build rental housing unsubsidized by government.

Edwin, news flash, you live in rental housing subsidized by government. It's a fact you choose to conveniently ignore.

It's no wonder you appear to be living in squalor. Existing rental units fare poorly under rent control. Even with the best will in the world, the landlord sometimes cannot afford to pay his escalating fuel, labor, and materials bills, to say nothing of refinancing his mortgage, out of the rent increase he can legally charge. And under rent controls he lacks the best will; the incentive he had under free-market conditions to supply tenant services is severely reduced.

The sitting tenant (your mother) is “protected” by rent control but, in many cases, receives no real rental bargain because of improper maintenance, poor repairs and painting, and grudging provision of services. The enjoyment she can derive out of her dwelling space ultimately tends to be reduced to a level commensurate with her controlled rent. This may take decades, though, and meanwhile she benefits from rent control.

Then there is the “old lady effect.” Consider the case of a two-parent, four-child family that has occupied a ten-room rental dwelling. One by one the children grow up, marry, and move elsewhere. The husband dies. Now the lady is left with a gigantic apartment. She uses only two or three of the rooms and, to save on heating and cleaning, closes off the remainder. Without rent control she would move to a smaller accommodation. But rent control makes that option unattractive. Needless to say, these practices further exacerbate the housing crisis. Repeal of rent control would free up thousands of such rooms very quickly, dampening the impetus toward vastly higher rents. You'll never have to worry about this happening since you're a momma's boy who can't fend for himself as a man. No vacancies in Sheila's house because you are both abusing the law.

If government really had the best interests of tenants at heart and was for some reason determined to employ controls, it would do the very opposite of imposing rent restrictions: it would instead control the price of every other good and service available, apart from residential suites, in an attempt to divert resources out of all those other opportunities and into this one field. But that, of course, would bring about full-scale socialism, the very system under which the Eastern Europeans suffered so grimly. If the government wanted to help the poor and was for some reason constrained to keep rent controls, it would do better to tightly control rents on luxury unit rentals and to eliminate rent controls on more modest dwellings—the very opposite of the present practice. Then, builders’ incentives would be turned around. Instead of erecting luxury dwellings, which are now exempt, they would be led, “as if by an invisible hand,” to create housing for the poor and middle classes.

You stick to saying your mom was just smart and you got grandfathered in. No one believes it. The fact is that no one is envious of your situation. Most of us are paying market rate for where we live because we can afford to. We aren't jealous of someone trapped in a box benefiting from a dead law his mother got grandfathered into. We have the freedom to choose wherever we want to live, comfortably, without our mother.

None of us take you seriously because you rely on your mother's assistance. None of us admire you because you didn't even take advantage of the opportunities your mother provided for you to save extra income and elevate yourself into a different social strata. You had the golden ticket laid out in front of you. You used it to selfishly buy sneakers and save for a chain for 10 years. Damn son... You could've started a business with that money and could have a revenue stream coming in off that business to allow you to move out of those terrible conditions. Wait... that's what Trump did right? The man you admire so much. He took the inheritance his family provided and started his own businesses. He didn't just blow it on material posessions. He created an opportunity to pass that wealth down to the next generation, which, is what this thread is all about. But we know you're too selfish to invest that inheritance your mother gave you. You just spend it on dumb consumer goods instead so you can try to feel like you're not lower-middle class (which you are just based off of your living conditions). It's really sad the more I type the more I feel bad for you and especially your mom. So I'ma just leave it at this. Stay in your place.

 

[gwap]

 

[hennessy]

Let's see him come in here and strikethrough my entire post after calling him an idiot.

If he reads my entire post there is no logical rebut left for him. I'd like to see him try. Son is finished.

 

[gwap]

Let's see him come in here and strikethrough my entire post after calling him an idiot.

If he reads my entire post there is no logical rebut left for him. I'd like to see him try. Son is finished.

 

[ksteezy]

Let's see him come in here and strikethrough my entire post after calling him an idiot.

If he reads my entire post there is no logical rebut left for him. I'd like to see him try. Son is finished.

Don't underestimate our very own Kellyann Conway.

But yeah there is literally no logical way to rebut that, a man would simply admit their wrongs, but he's incapable of doing such thing so GUARANTEE if he comes back in here, dude will never touch that post....hopefully I'm wrong....lol

 

[frshstunna]

you know who you talking to tho...he'll never admit when hes wrong and will straight up lie or spin the discussion into another lane

Thats why i dont engage with him in these kinda topics or rarely any topics really..cant have a discussion with somebody who thinks he's never wrong and doesnt deal with facts

 

[tay1]

If any of you could wave a magic wand and fix this problem tomorrow, how would you address this in steps? Reparations are definitely needed/warranted, but then what? Just dump it right back into this economy that continues to only see us as consumers?

We don't need reparations in the form of physical money.

 

[capital sb]

 
Man I think this racial gap will close as baby boomers die off... but I'm hoping that's the case at least. I grew up in a predominately black area and predominately black schools with a lot of ppl living in poverty/single family households and went to a private school/college with a lot of well off white folks. I've seen both ends of the spectrum.

Not gonna happen, I'm not sure you know how big the gap is.

I believe we are 200 years behind in terms of wealth.

 

[hoosierdaddy317]

 

 
Man I think this racial gap will close as baby boomers die off... but I'm hoping that's the case at least. I grew up in a predominately black area and predominately black schools with a lot of ppl living in poverty/single family households and went to a private school/college with a lot of well off white folks. I've seen both ends of the spectrum.

Not gonna happen, I'm not sure you know how big the gap is.

I believe we are 200 years behind in terms of wealth.

yeah i read it its pretty steep. You're right though it'll take longer than expected but you never know 

 

[hand2handking]

basically all these companies today profited from the slave trade

whole industries

 

[Sir San Diego]

We don't need reparations in the form of physical money.

No, YOU don't need them. Speak for yourself. Don't tell other grown men what they need. No offense to you.

basically all these companies today profited from the slave trade

whole industries

Yep. Cut us in the work our dead relatives made you rich on.

 

[ijumpmani]

basically all these companies today profited from the slave trade

whole industries

Any suggestions on how to close the wealth gap?

No, YOU don't need them. Speak for yourself. Don't tell other grown men what they need. No offense to you.
Yep. Cut us in the work our dead relatives made you rich on.

How would you determine what is the black community's fair share? Do you think it is just an issue of money?

 

[hand2handking]

Any suggestions on how to close the wealth gap?

i already said eye for an eye

they got 400 years, lets discuss this after that 400 years

cuz we know aint no oppressors gonna close any wealth gap unless its by force

 

[ijumpmani]

i already said eye for an eye

they got 400 years, lets discuss this after that 400 years

cuz we know aint no oppressors gonna close any wealth gap unless its by force

So you want to enslave white people?.....

Where do other ethnic groups and races fall into this giant plan.....

 

[hand2handking]

they dont

its eye for an eye 

1 to 1

 

[Sir San Diego]

Any suggestions on how to close the wealth gap?
How would you determine what is the black community's fair share? Do you think it is just an issue of money?

The amount was already calculated by some other hardworking people.

www.washingtonpost.com/amphtml/news/wonk/wp/2016/09/29/the-cost-of-slavery-reparations-is-now-within-the-boundaries-of-the-politically-acceptable/?client=safari

The issues isn't solely money, but also opportunities missed and time lost. Time = money and since we can't all hop in a giant time machine, we should be compensated for the time spent making other people wealthy.

Btw, the UN, for whatever that's worth, recently urged the US to pay up. We have a case, now we need to follow through.