Business & Finance SCOTUS tosses Eviction Ban

I don't recognize the need to violate property rights in this case. I recognize that, in principal, situations exist where the society good outweighs an individual's property rights in a specific case.

This is not one of them.

And this type of thinking is exactly what leads us back to what I said: continuously raising the temperature in the room.

More, if the government is going to mandate that one citizen house another in their private property when they have no contractual obligation to do so then - at a bare minimum - the government should provide market rate compensation for the service.

Or we could just nationalize said properties.

Ah yes, "steal it all". The classic communist solution to all of life's problems.

I don't think you know what Communism actually is, but in this case I have to question whether you understand basic economics also. I'm sure I'll get some boilerplate Libertarianism in response now. :rolleyes:
 
A "Communist" solution that won't work? Go research HUD real quick for me.
HUD's not a communist organization, merely a centralized, public one. There are similarities in those, but they're not the same.

Also, it's rather famous for doing an absolutely piss-poor job (which is one of those similarities with communist solutions).
 
This would be a hot take with actual bite if it was still 2010, but unfortunately it's not. Worried about debt? Congratulations, the U.S. Federal Reserve is our creditor. Don't want debt at all? Easy, nationalize the properties. A "Communist" solution that won't work? Go research HUD real quick for me.
So first, that was a figurative debt (see: "The market itself is your creditor"), about how when one does price fixing you screw up the market long term as landlords leave the market, and thus capital leaves the market, leading to less building of houses, worse or no maintenance, etc. There's a reason why almost all economists agree that rent control is bad when they agree on little else.

Second, nationalizing the properties is a quick way to get a whole lotta debt because that is a straight up taking and we'd have to buy all the property. And then maintain all the property. There's about 47 million rental homes in the US. If each are just $100k, that's a cool $4.7 Trillion just to buy with no overhead.

And finally, I know what failures the HUD are, thank you.
 
And this type of thinking is exactly what leads us back to what I said: continuously raising the temperature in the room.
Well yes, stealing peoples property does raise the temperature. As does acting affronted when people get mad at you for stealing their property.

Or we could just nationalize said properties.
The classic refrain of the commi.

I don't think you know what Communism actually is, but in this case I have to question whether you understand basic economics also. I'm sure I'll get some boilerplate Libertarianism in response now. :rolleyes:
I wonder whether you understand the basic concept of private property, property rights, contracts, rule of law, or consent of the governed.

Private property is when a private entity (i.e. not the government) is recognized by the government as owning said property.

Property rights are those things that an entity has the right to do with their private property. The US government (indeed most every government to ever exist) is pretty explicit in what those rights are and how they can be altered.

Contracts are agreements between multiple entities that the government has agreed to use the power of the state to enforce.

Rule of Law is the concept that the government is not allowed to do things that it is not legally authorized to do.

Consent of the governed is the basic principle that a government only remains a government so long as the population it governs is willing to consent to that governance.

In this case, the government violated the Rule of Law as the CDC did not have the legal authority to decree an eviction moratorium. It then ignored contracts that it, itself, recognized as valid by decreeing that people who failed to pay rent could continue to live in rental properties. In doing this it abrogated one of the most fundamental private property rights; the right to exclude.

And then there is Consent of the Governed. As in the thing that any government that tries to wholesale nationalize private property in the US will lose.
 
Looking at this, this is good for us on two fronts.

It keeps the property market from being more fucked then it already is, it starts the process of reparing said market, it rewards the good faith renters who paid their rent. It also a turbo fuck right into the democrats after they have a major fuck up on their hands.

2020 was a poisoned chalice election change my mind.
 

Users who are viewing this thread

Back
Top