http://www.youtube.com/watch?v=kcsNbQRU5TI

jimmy mcmillain wants your vote, new york
http://www.rentistoodamnhigh.org/

[Edited on October 19, 2010 at 2:57 AM. Reason : .]

10/19/2010 2:56:39 AM

The sync is so off in that video that I like to imagine that guy as a last boss in a kung-fu movie.

10/19/2010 7:29:39 AM

I'd vote for him

10/19/2010 8:39:16 AM

get a damn job, bum.

10/19/2010 9:02:32 AM

SUPPLYYYYYYY
DEMAAANNNDDDDDDD
SUPPPPLYYYYYYYYYYYYYY
DEEEEMMMMMAAAAAAAAAAAANNNNNNNDDDDDD

10/19/2010 9:38:01 AM

rent is too damn high.



this dude is right.

If people paid $200 instead of $1200 a month in rent, the rest of the economy could boom again and people could save money for retirement. People could survive on a 40 hour work week again.

10/19/2010 1:36:43 PM

Well, the rent is too damn high.

10/19/2010 1:41:58 PM

This guy's an idiot.

10/19/2010 1:47:32 PM

http://economylessons.blogspot.com/2010/04/economy-lessons-what-rent-control-does.html

Hazlitt, as relevant as ever.

10/19/2010 1:49:27 PM

"Therenttoodamnhigh???thepeopleIrepresentcan'taffordtopaytheirrent."

I like how he crammed that idea in the middle of his speech in less than 1.5 seconds.

10/19/2010 1:54:31 PM

Wesley Willis? Is that you?

10/19/2010 2:27:34 PM

every morning, i start my day with that song he's got on his website

10/19/2010 4:12:53 PM

Quote :

"If people paid $200 instead of $1200 a month in rent, the rest of the economy could boom again and people could save money for retirement."

That would be fine with me, but somehow I doubt someone like...my landlord, would be keen to the idea of cutting his monthly income by 600% (assuming $1200 down to $200) when he's still having to pay the same property taxes, maintenance/upkeep costs, etc

10/19/2010 4:17:29 PM

Quote :

"That would be fine with me, but somehow I doubt someone like...my landlord, would be keen to the idea of cutting his monthly income by 600% (assuming $1200 down to $200) when he's still having to pay the same property taxes, maintenance/upkeep costs, etc"

The main one being paying back the bank that loaned him the money to build the apartment complex.

10/19/2010 4:24:10 PM

Id marry you and a shoe if you wanted

or something like that

10/19/2010 4:27:15 PM

Quote :

"cutting his monthly income by 600% (assuming $1200 down to $200)"

600% huh?

10/19/2010 4:39:18 PM

that figure includes reported and unreported income

emphasis on unreported

10/19/2010 4:58:40 PM

Quote :

"That would be fine with me, but somehow I doubt someone like...my landlord, would be keen to the idea of cutting his monthly income by 60083% (assuming $1200 down to $200) when he's still having to pay the same property taxes, maintenance/upkeep costs, etc"

Math is Hard!

10/19/2010 5:40:47 PM

I've seen rooms for rent in not-so-nice neighborhoods in Brooklyn for $450+ per week
and you're not allowed to cook

10/19/2010 6:01:45 PM

rent is way too damn high

and math is way too damn hard

10/19/2010 7:26:46 PM

there needs to be a samuel l jackson movie made about this guy

[Edited on October 20, 2010 at 11:28 AM. Reason : fail]

10/20/2010 11:28:16 AM

He was on Opie and Anthony this morning.

http://www.youtube.com/watch?v=qb7_8oN7GDg

10/20/2010 6:06:39 PM

3x3 = 1

3/3 = 9

i am retarded

10/20/2010 6:11:03 PM

jsun....that's a hot little beat

ain't nothin to talk about
ain't nothin else to talk about

10/20/2010 6:37:53 PM

The mp3 for those that want it:

http://www.qsl.net/ke4znr/musiq/Rent2DamnHigh.mp3

10/20/2010 9:34:36 PM

lol, aw lawd, praise based god

10/20/2010 9:35:29 PM

hahaha I already have it as a ringtone on my phone y'all!

10/20/2010 9:50:28 PM

He's right though. Place like NYC are in such high demand that most folks can't compete.

Other places aren't as bad, but they're still too high. "Rich" people have access to cheap money to buy up property, and then they turn around and charge rents accordingly. But us lowly renters don't have access to cheap money that we can borrow to pay our rent.

We used to spend a third of our income on food. Now plenty of people pay almost twice that on rent.

[Edited on October 20, 2010 at 10:01 PM. Reason : Ridiculous.]

10/20/2010 10:00:04 PM

I spend about 40.32% of my income on rent

[Edited on October 20, 2010 at 10:15 PM. Reason : spend]

10/20/2010 10:15:36 PM

^Yup! Too high, y'all!

10/20/2010 11:45:05 PM

Quote :

"If people paid $200 instead of $1200 a month in rent, the rest of the economy could boom again and people could save money for retirement. People could survive on a 40 hour work week again. "

well fuck, why don't you just plant a money tree in your yard and use the harvest to buy yourself a blowjob-giving machine and a unicorn?

[Edited on October 21, 2010 at 12:10 AM. Reason : or your boss could just give you a $1000/month raise. i mean, hell, why not, right?]

10/21/2010 12:09:43 AM

I'm a blow-job giving machine.

You can buy me Duke

10/21/2010 12:15:42 AM

hahaha

10/21/2010 12:17:42 AM

10/21/2010 12:18:45 AM

I'd also like to point out that this man is considered "fringe" while the Teabagger-endorsed GOP candidate who sends racist pictures and horse-on-woman porn(NSFW!) to his coworkers is considered "mainstream".

10/21/2010 12:22:24 AM

^^^^^Blah. I was just repeating my point about how unfair it is that people with access to loans buy properties and then rent them to people who can't get loans.

Idiots actually thought we could solve the problem by extending the loans to the working poor. They don't deserve that shit. They deserve affordable rents (not perverted by rich people loans) in the first place.

TOO DAMN HIGH

[Edited on October 21, 2010 at 12:29 AM. Reason : TOO DAMN HIGH]

10/21/2010 12:25:30 AM

Quote :

" how unfair it is that people with access to loans buy properties and then rent them to people who can't get loans"

what's unfair about that?

Quote :

"Idiots actually thought we could solve the problem by extending the loans to the working poor."

Exactly, the GOP deregulated lending, and then the Democrats said "lets loan money to fucking everybody". We all know how that worked out.


Also, in response to your post before editing, if you got boned on a bad deal, you can't just rent the place for more to make up for it. Conversely, if you bought the property at a steal, you don't rent it for cheap because you can...you just get to generate more positive cash flow than you would have otherwise.

10/21/2010 12:32:43 AM

can we please unsuspend mambagrl for this thread? it could be gold.

ETICA ETICA

10/21/2010 12:41:12 AM

Quote :

"what's unfair about that?"

? I thought I made it totally clear.

Bazillions of idiots with access to cheap money inflate the prices of property. And then people without access to cheap money have to compete/rent in a bizarre bubble. It's nonsense.

Most noticeable examples of this are situations where desperate-but-still-paying tenants have been evicted from apartments where they paid their rent but their landlord didn't pay their mortgage. Ridiculous.

[Edited on October 21, 2010 at 12:46 AM. Reason : No more edits, I think.]

10/21/2010 12:43:26 AM

Quote :

"Most noticeable examples of this is situations where desperate-but-still-paying tenants have been evicted from apartments where they paid their rent but their landlord didn't pay their mortgage."

Wouldn't the landlord then lose access to cheap loans and be out of the rental game then?

10/21/2010 12:44:51 AM

^It's an extreme example of it. And it's actually why the police chief of Chicago (I think) refused to do any more evictions--they were previously evicting paying tenants from foreclosed properties.

My overall point should be clear though...

OWNERS HAVE ACCESS TO LOADS OF CHEAP MONEY.

RENTERS DO NOT.

Therefore, rents are too high. Rents are set by people who get loans, and renters can't get those same loans to pay their rent. It's why we had 10,000 people standing in line in Atlanta for days just to get a form to apply for a Section 8 supplement (that isn't even going to apply to them until 2015). We don't need Section 8. We need affordable rents to begin with, and we'd have them if "rich" people weren't inflating the price of everything with cheap money.

[Edited on October 21, 2010 at 1:02 AM. Reason : sss]

10/21/2010 12:53:53 AM

who the hell takes out a loan to pay rent?

10/21/2010 8:41:38 AM

Quote :

"CHEAP MONEY"

in this thread

10/21/2010 8:48:50 AM

THE RENT IS TOO DAMN HIGH

10/21/2010 8:56:12 AM

^^^Nobody, of course, and that's the whole point.

TOO DAMN HIGH

10/21/2010 11:32:01 AM

LOL...I loved that

10/21/2010 11:34:26 AM

Quote :

"can we please unsuspend mambagrl for this thread? it could be gold. ETICA ETICA"

lol


BridgetSPK...I think you're completely wrong. It has nothing to do with people having access to cheap money and jacking up the rent. That implies collusion between a majority of the landlords in NYC. It's all about supply and demand. People from all over the world want to live in NYC and there is only so much real estate to go around. Nobody in their right mind would drop a million bucks on an apartment and rent it for $600 a month to some shithead who is probably going to fuck it up.

You want cheap rent, you move to NC. You want to live in New York, concrete jungle where dreams are made of, there's nothing you can't do you're going to have to pay the price.

10/21/2010 12:03:45 PM

Bridget why dont you go out and buy a couple million dollars worth of rental property and charge 50 bucks a month rent?

Quote :

"well fuck, why don't you just plant a money tree in your yard and use the harvest to buy yourself a blowjob-giving machine and a unicorn?"

classic, good work.

Its like reality doesnt exist for some.

10/21/2010 12:03:54 PM

^^I've addressed the issue in NYC: "Place like NYC are in such high demand that most folks can't compete." My comments after that have been about rent in general being too high across the country.

Also, I'm not accusing anybody of jacking rents up.

I'm saying the rent is too high cause the property is too expensive in the first place. And the reason why it is too expensive is that all the buyers have access to tons of cheap money.

When the cost of property is inflated by cheap money, the people without access to cheap money get squeezed. It's not that hard to understand.

(This is a very easy concept, and I'm not tryna get uppity. I'm just saying that rent is too damn high everywhere.)

[Edited on October 21, 2010 at 12:28 PM. Reason : TOO DAMN HIGH]

10/21/2010 12:12:36 PM

49

10/21/2010 1:32:18 PM