Rent Is Too Damn High Guy Increasing Rent For Others Because His Rent Is Too Damn Low

from the how-markets-function dept

Lots of people got a kick out of the "rent is too damn high" guy, Jimmy McMillan, running for governor of New York last year. He certainly was entertaining. However, it appears that McMillan's own rent may be too damn low... meaning that he's a part of the damn reason that the rent is too damn high in New York. It turns out that McMillan's landlords are trying to evict him from his rent controlled East Village apartment for which he pays $872.96 a month. That's crazy cheap for an apartment in the East Village. What he doesn't seem to recognize is that when the laws keep the rent on certain properties artificially low compared to the market, that's a huge part of the reason why "the rent is too damn high" for everyone else. If McMillan really wanted to lower the rent, he'd work to get rid of widespread rent control, as that would help drive down the prices of rent in certain areas.

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  1. identicon
    Anonymous Coward, 5 Aug 2011 @ 5:06pm


    "A slew of new construction/renovation projects would start to develop the newly more profitable properties"

    Obviously, this increase in supply would drive prices up!! It's just simple economics!

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