I have direct exposure to rent controls for I bought a dying building that was totally run down thanks to rent control. I paid the last tenant to leave. The brownstone had to be totally rebuilt and I sold it eventually for a huge profit. Rent control destroys cities and NYC saw over a million housing units utterly and totally destroyed by 1978 thanks to insane rent control laws.
We created a landlord political organization to fight rent control. I gave speeches about this all over NYC. Rent control utterly destroyed the Bronx, for example. Even as it was obvious to everyone that rent control was making it impossible to heat buildings, pay taxes, make repairs, etc. rent control rolled relentlessly onwards because it was all about the DNC political base: free goodies to voters who don’t care if this ends badly.
This is a typical story: easy solutions to problems can create fatal problems. Doing things the hard way usually creates systems and societies that are really easy to live in, all socialist solutions leads to economic collapse.
The DNC is running very far to the left now and is pushing for fatal solutions. When people own homes, they usually take care of them because they gain value when selling their properties. When they don’t gain anything, they are careless or even encouraged to destroy homes because they move up in the ranks of ‘free housing’ if their homes burn.
This is why NYC was literally being burned to the ground all over the place by 1977 when we had massive riots and massive fires. Below is a news report by Bilderberg media about how the Bronx was systematically destroyed by the inhabitants:
EVERY penny spent by the DNC on the Bronx was utterly wasted for years and years and years and fixed nothing, indeed it utterly destroyed the Bronx, making it look like WWII Berlin than a thriving city. The DNC ran the Bronx for years and years and destroyed it. Then, they said they would fix it!
The news story above brings back feelings of fury in me for I wasn’t in the news show, I was giving speeches all over the place back then. The news media knew who I was and that I would love to talk about how to fix cities.
Rent control destroyed working class neighborhoods. Welfare destroyed families. To this day, the DNC officially hates renovators who fix cities on their own dime and wants taxpayers to pay for everything. When the government pays for something, no one is responsible for it which is why government buildings are money pits needing constant repairs while the people live out of control lives, countries with mostly government housing (Europe!) see no pride in caring for the homes.
The Bronx was destroyed by rent control and welfare produced the army of criminals who attacked the Bronx nearly nonstop. This is why I focused on stopping rent control and stopping crime as the two actions that would save NYC from bankruptcy. What funds the city?
TAXES. And in particular, taxes on properties which pays for school as well as government taxes. Right now, I own property and my taxes on my homestead in NY which is over $6,000 a year. The connection between taxes and rent control was obvious to anyone and nearly no one did a blasted thing about either until forced.
This ‘force’ happened in the summer of 1977 when the lights went out and the welfare/rent control population poured into the streets to attack everyone else, looting and burning huge hunks of the city. The above video is from 1973, two years before I entered NYC and 5 years before I began organizing to stop both. Giving speeches about this meant people made death threats against me including Al Sharpton who wanted to keep the city on the path of utter destruction.
NYC is being systematically destroyed again. All the many gains pushed by Giuliani are being terminated and this summer, gangs in the Bronx openly attacked the police repeatedly and very openly while the mayor stood aside, idle or just not even in the city anymore. Crime is shooting upwards and all DNC-run cities deal with this via changing the laws so crimes are then decriminalized.
For example, you can’t report a crime if the theft, for example, is less than a thousand dollars. This is disgusting. Stealing five pennies from a child is just as illegal as stealing $1,000 from an adult. Stopping the little crimes stops the big crimes.
I used to say that in every speech years ago: stop the small crimes, the big crimes stop, too! We proved this via stopping even itty bitty crimes in my neighborhood. It worked perfectly! Why this isn’t continued to this day baffles me. The DNC candidates for President all have vowed to destroy law and order, allow aliens to invade our borders with impunity, they vowed that they will make all cities in America as filthy, disgusting and violent as DNC-run cities.
This would be the end of civilization, without a doubt.