Comments by "" (@jmitterii2) on "California Votes On Rent Control: Prop 10 YES!" video.

  1. The prop was defeated. But better than rent controls would be public housing done right. Vienna Austria public housing model conducted over 80 years, 60% of the multi-family dwellings are city owned, and constantly building more supply. Prices as of 2018 in Vienna is $600 a month for about 1,000 sq ft apartment (2 bedroom), even cheaper for 1 bedroom apartments for $388 a month 600-800 square feet... that would be like trying to rent a place in NYC/LA/San Fran/ DC for that price and size. Over 60% of people in Vienna live in this public housing. Even the rich seek to live in these public housing units.... seriously they look amazing... something that if built here would cost easy $1,000 to $2,000 a month range depending on the city. Other cities like Seattle and countries like UK and Canada are looking into the Vienna model. Because if it works there, should work everywhere... imagine that, they discovered a way that doesn't screw people over. There's also a co-op model to which the renters are all board members with voting rights to the Corporate Co-Op charter to which they vote rent rates, what to do with revenue, how to pay any mortgage, and what to do with surplus(profits) often they use it for much needed improvements and repairs.... and even rent reductions for long term tenancies. And each Housing Cooperatives are different, some you actually have to buy into them, others you don't, you just rent, you're in but don't keep any selling equity. That model is slowly starting, but doesn't appear to have development strength, only works after units are built... usually when owners are about to destroy the property for some other development or sell, the tenants buy out the property under a Co-Op Charter. And the co-ops that require buy ins, don't really eliminate the price problems, as the prices are still rather high. Either way, we need housing programs fast. This should have been major concern of Obama's Administration when the real-estate crash occurred... it wasn't that people didn't need housing, they needed it, it was the fact prices for both rents and mortgages well outstripped incomes.... as it is today with a vengeance. Seriously, this supply side economic horse shit where so long the rich lord or this case land lord and banks and other folks are doing fine, everybody must be doing fine is a lot of shit. All they did was set us up for an even more spectacular crash. https://www.citylab.com/design/2018/05/what-the-future-of-affordable-housing-already-looks-like/560126/ https://www.huffingtonpost.com/entry/vienna-affordable-housing-paradise_us_5b4e0b12e4b0b15aba88c7b0 https://www.treehugger.com/green-architecture/how-does-vienna-build-such-terrific-housing.html https://www.pri.org/stories/2015-10-26/why-rich-people-austria-want-live-housing-projects
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