DISCOURAGING: “Rent Control” is dumb Gooferment policy

Friday, January 2, 2026

https://www.facebook.com/stephen.trynosky/posts/pfbid02sbBQzsLi71gqTNvtMr1qnHQQ3PcGEvhtPHep7zQpFmsg87m8YH9DDKCo5gxUJe7wl?notif_id=1766595016000000&notif_t=close_friend_activity&ref=notif

S Kent Troy’s Post

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The Bronx burned in the 1970’s because of many factors but the primary one was Rent controls which froze rents in 1942 and only loosened them in 1971! Hence, no turnover, no bank lending, no money for maintenance, no money for the heating fuel crisis. Prove me wrong and do NOT use that old chestnut about landlords burning down their own buildings. The smaller owners couldn’t even sell their properties and just walked away.

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If rent caps worked, cities using them would have abundant, well maintained housing.
 
They do not.
 
Housing improves when building is allowed, supply can respond, and people are free to create solutions instead of freezing failure in place.
 
Shortages are not a market failure.
 
They are a policy outcome.

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I remember my (enlightened?) uncles sitting around the dinner table after a few beers portray the then current bunch of politicians and bureaucrats as “stupid communists”.  And how they “couldn’t buy a building and live off the rents in their old age”.

I was too young to really understand how right they were.  The politicians were the modern equivalent of the old “snake oil” salesman who promised a remedy for all things and everything.  Even if you didn’t know what ails you. Argh!

Now in my old age, I realize how right they were on a mutlitude of topics.

I can’t imagine what they’d think of a REAL COMMUNIST (aka “democratic socialist) being elected the mayor of New York City.  What are those SHEEPLE in the Pepuls Republik of Nu Jerk thinking?

Argh!

“Lessons in life will be repeated until they are learned.”  —  Frank Sonnenberg

Seems like the “rent control” lesson will be repeated again in NYC!

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