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FACT: The great majority of landlords in New York ARE small business people, meaning they own one small buildiing, some maybe two.
For you it's always the "rich", "greedy", "slimy", "evil" landlord oppressing the innocent, poor, powerless tenant. This could not be further from the truth, especially in New York where the powerful rent-regulated tenant lobby reigns politically supreme. If they demanded legislation declaring the world flat, NYC politicians would fall over themselves supporting it.
Is it illegal for a small business person to earn a profit? Is this part of your war on capitalism?
A reasonable discussion on improving the housing situation in New York, a situation which allows a destructive rent control system to continue strangling the tax payers and market-rent tenants, is impossible when posters like this repeatedly inject propandistic and stereotypical falsehoods.
Rent stabilization is one of the greatest debates on this forum, and I have gotten into it plenty of times. With that being said, I think we can all agree that both sides have flaws. But ultimately, it is the capitalist system that is contributing to the downfall of the quality of life in NYC. Things must be really bad for one to want to sit outside in a park and protest. It is human nature to want more, but at what cost?
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"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
Wanting more doesnt matter , the markets have to allow more .
Thats how a capitalist system works. Markets level out eventually where they should be. either side may not like where they level out but prices like water will seek their own level.
Wanting more doesnt matter , the markets have to allow more .
Thats how a capitalist system works. Markets level out eventually where they should be. either side may not like where they level out but prices like water will seek their own level.
Right, the old "invisible hand" theory. Values and market and everything else are both natural and self-evident.
I was talking about Smith in one of my classes last week and even my students knew that this is simply ridiculous, especially given the evidence of the mortgage crisis, which, if nothing else, demonstrated that the "free" market is nothing if not manipulated by those same people who stand to gain the most.
Such courses are designed to create awareness and critical thinking about the origins of our own belief systems. I am guessing, reading here, that many more need exposure to those histories and literatures.
Right, the old "invisible hand" theory. Values and market and everything else are both natural and self-evident.
I was talking about Smith in one of my classes last week and even my students knew that this is simply ridiculous, especially given the evidence of the mortgage crisis, which, if nothing else, demonstrated that the "free" market is nothing if not manipulated by those same people who stand to gain the most.
Such courses are designed to create awareness and critical thinking about the origins of our own belief systems. I am guessing, reading here, that many more need exposure to those histories and literatures.
So if the evil free market or capitalism is such an evil and unfair system, why don't you enlighten us and offer alternative system that's "100%" fair instead of having a baseless bashing session on capitalism.
BTW please don't give socialism as an alternative even though that's what you really want.
what your seeing is the markets self leveling to the bogus inflated prices that trying to manipulate things created. same as nasdaq when it hit 5000 and shouldnt have.
thats the beauty of how markets work. eventually things flow to levels that are balanced again.
Last edited by mathjak107; 11-28-2011 at 04:17 PM..
what your seeing is the markets self leveling to the bogus inflated prices that trying to manipulate things created. same as nasdaq when it hit 5000 and shouldnt have.
thats the beauty of how markets work. eventually things flow to levels that are balanced again.
I think you are well intended but ... things are far more complicated than that. Like many people, I think there are going to be changes, big ones, impossible to know what exactly.
Keep in the front of your mind that those people who made zillions from the "bogus inflated prices" have walked with their money - commonly known as CAPITAL. The market was made to function as an ATM for these people - scarcely free. And nothing will correct that.
the part that gets corrected is liquidity is being flushed out of the system, prices are coming back to earth , there is a de-leveraging of america across the board..
this is nothing new,im not sure how old you are but i was around for the savings and loan debacle too. every down turn always has a catalyst,each time its something different.
but i can tell you this i never looked to blame anyone for my lack of success at anything my only question is if life hands you lemons how do i make lemonade? . as a small investor for 25 years i let not one of these economic downturns ever stand in my way . i stuck to the strategy,covered all the bases and accepted the returns the various markets handed me each year good or bad without trying to beat them at their own game. i started investing from a part time job i had at an investment company while going to college .
that tiny bit grew and grew over time so it gave me a base to start with when i was in my my twenties.
my family was pretty poor and i grew up in the woodside housing project . i swore that i would never subject my family to that kind of life and while my buddies were wasting money on every fad i was plowing more and more into my investments..
no one is a worse timer than me so i dont even bother. bought my first rental property 2 weeks before the stock market crash of 1987. real estate in nyc took a tumble and i watched my new investment plunge 20% by the time the smoke cleared destroying every penny i put in. it took a decade for rents to bounce back to the point rents covered my expenses.
if it wasnt for the fact im telling this story today i wouldnt even remember the events and panic i went through.
Last edited by mathjak107; 11-28-2011 at 05:31 PM..
I think you are well intended but ... things are far more complicated than that. Like many people, I think there are going to be changes, big ones, impossible to know what exactly.
Keep in the front of your mind that those people who made zillions from the "bogus inflated prices" have walked with their money - commonly known as CAPITAL. The market was made to function as an ATM for these people - scarcely free. And nothing will correct that.
Harlem World...you still haven't come up with an alternative system better than capitalism. Im waiting. You seem to know it all and think capitalism is evil, im eagerly await your alternative.
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