Is this looting or capitalism?

Question

razelove · Accepted Answer

Supply and demand, no one was crying about that after Katrina, rather if I'm remembering right the rallying cry was how dumb the people who didn't get out was, how the city will be underwater eventually anyway, why waste the billions rebuilding.

They're probably going to go through as long of a depopulation and clean-up as we did down here. It was only like 2 or three years ago we got back up to pre-Katrina population, though we are losing people now.

California is losing people more quickly, and when the rents go up, they're going to stay up. I had a place that was 300/month in 2003, in 2006 it was over 1000.

The rent situation, costs, and all are going to get more and more out of hand. The clean-up crews are going to require housing too, and will be getting paid beaux coup money. Some of their companies will buy out or lease property for all their employees. Your tax dollars are going to pay for that.

It isn't simple enough to call it capitalism, it's hyper capitalism that we subsidize with our taxes to grow exponentially faster.

exitseven · Accepted Answer

price gouging is an unfortunate consequence of free enterprise.

Anonymous · Accepted Answer

The california exodus will increase. Property taxes will stay the same or rise, big corporation will buy huge blocks of burned out propert to build homes that no ordinary working or middle class people can afford to live in, smart homes and neighbourhoods. You get what you votd for i guess.

dustybiker2 · Accepted Answer

They tried it after covid and lost in courts. My sister nearly lost her apartment. They won their case against the insane hikes then. They almost lost it to wildfires this past week too. Then they would have faced this madness too.

RavVid · Answer

Classic demand and supply.

I think you are looking for the word usury rather than looting. Usury is to do with extortionate interest rates but I think can be used as extortionate which again is better than looting which means stealing.

Depends on how you use percentages - I think what you are saying is if rent was 100$ it is now 224$. That would seem to be usurious to me.

Rent controls aren't that uncommon but they have their drawbacks. Landlords might increase whilst they still can. So it could fuel the fire. Certainly housing stocks will take sometime to build back up and cost of building will increase very significantly. Rent controls could potentially dissuade rebuilding.

I don't think there is necessarily a simple solution to the consequent housing problems of the fires. Folk who have lost their houses need accommodation and I guess insurance will pay reasonable costs which will push up prices immediately.

Sevenpointfive · Answer

i guess they don't understand that when someone rents it's usually because they can't afford to buy. that's not everyone's situation, but that's really what made it affordable to live in the old days. who the fuck is going to rent there now? no one unless you turn it into a really nice place. but i expect most won't spare the expense to reap the reward. after all, it's 100% paid for

Anonymous · Answer

Capitalism.
I love the system of Capitalism. What I don’t like is how humans exploit their fellow citizens in order to enrich themselves, which they will choose times of crisis & depression to flourish their greedy agenda further.

A well regulated Capitalist System allows for humans to succeed and enrich themselves though prevents them from mismanagement, carrying out blatant crimes / abuses, and inhumane treatment of its employees / citizens. These landlords have no right to exceed the rent cost by 124% after such a disaster that left many without a home, with a struggling family, or losing a job / business…. It is crucial that we don’t allow this behavior.

I love a Capitalist System, though it isn’t UnAmerican to want regulations that keep certain humans from exploiting situations for monetary gains. It is reasonable.

NathanDavis · Answer

that's the most American thing ever... that's what it is

Anonymous · Answer

as long as they're waiting until the agreed upon lease has been met before they raise rates then that is their legal choice. Doing it before a lease is up, most likely illegal but who tf knows in commiefornia.

Nah, looting is still what those little shits are doing when they walk into a store and take whatever they want without paying for it. It's literal theft, while raising rent costs isn't stealing anything from anyone.

There's demand for you to reply to every post someone makes on your questions, but due to the limited supply of your time, energy, and patience, you only reply to the ones who give you the most "satisfaction" in return. Are you therefore looting from everyone who you choose not to reply to? Aren't they also entitled to a reply from you no matter how overwhelmed you are with demand for your replies? 😁

jshm2 · Answer

Neither. They have contracts, so can't raise those rents without a new contract.

The demand for housing will be red hot (pun intended), but they cannot magically make a new room appear. So I suspect it's to gouge the subletters, more than anything else.

seeyounexttuesday · Answer

California is one of those wonderful blue states you keep telling everyone are the best in the nation. Why aren't these people all in new homes already? The Amish can build 12 homes in 3 days in Asheville. And they're whacko antivaxxers. This is you lefties' time to shine.

Anonymous · Answer

it is capitalism but no one is obligated to live in an apartment

if enough people go homeless or build their own homes, landlords would eventually go broke or they have to reduce the rent

people aren't helpless against capitalism

DrPepper12 · Answer

If you hafta ask the question...

MissTrix · Answer

Burn homes or apartments? This or more supply and demand! Huge demand low supply

msc545 · Answer

That is illegl looting. There is a law against that shit.

Anonymous · Answer

Capitalism and Looting are 2 sides of the same coin.

chrissykerdock · Answer

supply and demand laws mostly unfair

Agape93 · Answer

What's the difference

douride2 · Answer

That is supply & demand.

Yabbut · Answer

It's a dick move.

CupcakeTheDestroyer · Answer

It’s illegal is what it is lol

beefcakebradybatson · Answer

L-O--O-T--I-N-G !!!

Anonymous · Answer

It's both.

Is this looting or capitalism?

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