Jul 28, 2014
commented on Guest Editorial: The Rent Is Too Damn High, Let's Get It Under Control
Here we go again. Spears is a graduated economists that does not understand the economy - nor looks at plain examples of centralized control of the economy and how they have not succeeded. Especially with rent control.
"Market forces will tend to invest in high-end housing first... Research shows that new construction of expensive apartments doesn't generate affordable housing, and some experts think it may even be pushing rents higher"
At least she says something here that is somewhat meaningful. Affordable rent is a problem of aging housing. IN that "affordable" rent problem started happening long before Spears was out of diapers. Restrictive Seattle zoning laws, and a boom in urban inward flight creates the problem. As buildings age, you have cheaper rent.
Rent control will prohibit new construction, thus contributing to the problem years down the road.
Seattle is on the right track. We are still licking our wounds from a boom in population. Lets not cause more wounds.
Does Spears really want to up another government bureaucracy that somehow thinks that it can properly control the complex and hugely different market of rent? The Rental Market is an incredibly detailed and huge market with vastly different types of housing, types of needs. To think that somehow some central authority can regulate this properly is, well, absurd. This *IS* the definition of "NANNY STATE".
Jul 22, 2014
commented on Referendum on the $15 Minimum Wage Will Not Go to the Ballot This Year
@84 - It would seem you are suggesting that YOU have the right to put a value on your work, but that those paying for your work do not have that right. I can see how an authoritarian socialist economy would serve you well.
With the direction that Seattle is going in, it makes me wonder if my dream of becoming a triangle player for an orchestra was given-up too early in life.