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« To Barack Obama: SCREW YOU! | Main | United Nations Insults the United States »

May 19, 2008

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I notice you make no mention of rent control which is the major concern of senior citizens who live in mobile homes whose equity would evaporate without some level of rent control.
Get off your high horse and get real.
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Overlooking the fact that you have not read all of my blog entries on the subject and their associated comments, which most definitely mention rent control, I have a single question for you. Should the government be allowed to compell you to keep your rents/leases artificially low, in perpetuity, to prevent you from using YOUR private property as you wish? After all, why do they call it "investment" property if you cannot obtain a return on your investment?

From the lofty heights of my "high horse," I cannot fathom why I owe you, your family, your friends and relatives or any other citizen the fruits of my labor and/or any portion of my property so that you may live in a rundown building located in an upscale neighborhood. A property upon which lenders will often refuse to lend the required sums needed to repair and maintain the property due to artificially capped rents.

Are you a socialist who believes that the "collective" needs to support those individuals who can no longer exist without government subsidies? Don't get me wrong, I contribute to may favorite charities and the government is not one of them.

Let us, for the sake of argument, take a trailerpark located next to some desirable beach property. It is up to the owner to mutually negotiate with the leasors for a fair and equitable lease. If the total amount of the lease income does not provide a sufficient ROI (return-on-investment), why should the private individual/owner be constrained by the government from doing what is best for the owner's financial interests? If the government wants to help, let them provide a loan to the collective tenants and convert the property into a resident-owned property. Unfortunately, most residents cannot afford to pay their portion of the loan back ... so it is unlikely the government would accept the deal.

So, I suggest that you "get real" and decide whether or not you are a socialist who believes in the confiscation of private property by corrupt politicians and their special interests or believes in the concept of "individualism" that built this great nation.

Now to address the "equity" issue you mention. I assume that you meant that the renter owns a trailer or manufactured house that sits on someone else's property. And that, having little or no additional discretionary income, they would be forced to what: move to a location with reasonable rents or sell their trailer and move to conventional housing? The controlling factor should be the rental or lease agreement -- not the government fishing for votes.

May I point out that a number of years ago, senior citizens living in apartments lining Sepulveda Boulevard in West Los Angeles were forced to seek other accomodations when the property was re-developed by the University of California Regents to be used as "married students housing." In this case, the government became the landlord and saw nothing wrong with the confiscatory process in spite of quite a few senior citizens who lived on fixed incomes being dispossesed. They provided moving assistance to the renters and that was that.

I still urge a YES vote on 98, a no vote on 99 and await your further comments and suggestions. Thank you very much for adding to the conversation -- steve

I'm a property manager, I support prop 98/99. like everything else , you need to delete rent control in order to pay for the prop. Vote yes to preserve our old buildings and save our farms.
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Douglas, thank you for taking the time to respond to my blog entry. Unfortunately, your position makes absolutely no sense. You cannot support propositions 98 and 99 as each contains exclusionary language that cancels out the other. You do not indicate which proposition you urge a yes vote on, but claim that you want to "preserve our old buildings and save our farms" which can only be accomplished by voting YES on 98 and NO on 99. If you vote for 99, you authorizing the government to act as they do now... without any additional safeguards of import. Anyway, thanks for participating. Should you want to clarify your position, you need to do it before the election on June 3rd -- a few days from now. -- Steve

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