Comments by "Papi Chulo" (@par3me) on "Rent Control Explained: Debunking Your Landlord's Myths" video.

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  6.  @amandaharig1978  I’m glad you’ve live enough life to be able to talk to your point of views. Greatly appreciate the reply. Couple of things. Mortgages don’t go up because you signed an agreement for the length of the loan. Same as rental agreements. Shorter period though. And no, I couldn’t afford our home or even our city if we didn’t buy 7 years ago. With that said, we lived within our means. A lot of people have a tough time with this. Most people finance furniture, vehicles, vacations etc. Then wonder why they’re broke. Live within your means. Pay off your debt, save up money, have an emergency fund, save for a down payment on a home. Make sure it’s no more then a third of your take home. Sometimes you’ll need yo have roommates or sleep in the same room with your kids and sometimes your parents. You do what you have to do. Being poor doesn’t mean you get a pass on math. It apples to everyone equally. Now as far as landlords increasing rent. If they own that property. What gives anyone the right to dictate how they can use it and what they can charge? If it’s too much, it will go vacant. It’s really that simple. Now I know people don’t like that. But this is just life and freedoms. You can’t force others to collect less revenue because it creates a financial hardship for you. The two are completely unrelated. This is why socialism doesn’t work. In theory it’s a great utopian idea. But it fails to factor in human nature and reward system. So again, my point wasn’t that this is caused by the trades. Just pointing out factors within this math problem that many fail to acknowledge.
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