Dems: Putting successful business out of business
People who invest in rental property do so for one reason — to make money.
Most plan to pay off the loan they took to buy the property, pay for upkeep and pay the property taxes so that one day they can own their rental property free and clear — well at least as clear as having to pay the annual penalty of property ownership we call property taxes allows.
Property that allows people to rent living space can be a single-family home, a duplex or even a multiple-story apartment building.
Last week, Democratic presidential hopeful Elizabeth Warren vowed to protect the country’s 43 million renter households from greedy landlords who would evict them for things like not paying their rent.
Warren, a U.S. senator from Massachusetts, released her plan that would help tenants fight eviction, afford to stay in their homes and retain lawyers in housing courts.
The bottom line for her is that people who own rental property are evil for wanting to make a profit on their investment.
She believes the federal government needs to step in and protect renters from their money-grubbing landlords.
“Washington has failed America’s renters,” Warren wrote.
Warren said she would make it a national right to have a government-provided a lawyer for low-income renters.
She said 90 percent of tenants in eviction cases have no lawyer, but 90 percent of landlords have legal counsel.
Those who have rental property have an attorney because they want to follow the legal process to get deadbeat tenants out and find new ones. Having tenants who actually pay their rent makes sure the property owner doesn’t get his or her property foreclosed on for not paying on the mortgage.
Her plan ignores that the main reason renters are evicted is because they can’t pay their rent. Renters — if they are being evicted for not paying the rent — can’t afford the rent so they can’t afford a lawyer.
Warren proposes creating a federal eviction standard that would require landlords to show “good cause” before initiating eviction proceedings.
That would mean more red tape and more costs for dealing with bureaucrats for rental property owners.
It would also mean non-paying renters get to live longer in their rented homes without paying rent. That means rental property owners don’t get the rent money they need to cover their costs for owning the property.
Warren promises that, if elected, she would establish a new “tenant protection bureau” within the U.S. Department of Housing and Urban Development. Her new agency would enforce “tenants’ rights” and go after landlords.
Warren said she also wants local governments to decriminalize homelessness. Her plan calls for withholding federal grant money for police departments that arrest people for living on the streets.
In Colorado, the liberal Democrats in control of Denver’s city government are targeting property owners in favor of the homeless.
In that town, business owners are being fined it they don’t clean up feces, urine and used drug needles left by homeless people who invade business property after business hours.
Jawaid Bazyar, CEO of an internet service provider in Colorado, said downtown Denver is turning into a “bathroom stall” filled with crime, feces, and used syringes from drug addicts.
This problem is driving away customers and hurting business. Now Denver is fining property owners for not cleaning what the homeless leave behind. This is causing more financial distress for downtown businesses.
Since the Great Depression of the 1930s, Democrats have considered business as the enemy that must be heavily regulated and fined wherever possible.
Renting property is a business. For some it is a small business. For others it is a large business.
If Warren and other far-left liberals like the Denver city government have their way, renting places for people to live in will no longer be profitable.
That means property owners will sell their rental propriety to people who want to own it rather than rent it or convert big buildings into condos.
Finding a place to rent will become almost impossible. That will make the housing situation even worse, not better.
The business of business is makes a profit. The business of liberal Democrat is putting successful businesses out of business.
JIM HARRIS Conservative Corner