Quotes

"Fascism and communism both promise "social welfare," "social justice," and "fairness" to justify authoritarian means and extensive arbitrary and discretionary governmental powers." - F. A. Hayek"

"Life is a Bungling process and in no way educational." in James M. Cain

Jean Giraudoux who first said, “Only the mediocre are always at their best.”

If you have ten thousand regulations, you destroy all respect for the law. Sir Winston Churchill

"summum ius summa iniuria" ("More laws, more injustice.") Cicero

As Christopher Hitchens once put it, “The essence of tyranny is not iron law; it is capricious law.”

"Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it." Ronald Reagan

"Law is where you buy it." Raymond Chandler

"Why did God make so many damn fools and Democrats?" Clarence Day

"If I feel like feeding squirrels to the nuts, this is the place for it." - Cluny Brown

"Oh, pshaw! When yu' can't have what you choose, yu' just choose what you have." Owen Wister "The Virginian"

Oscar Wilde said about the death scene in Little Nell, you would have to have a heart of stone not to laugh.

Thomas More's definition of government as "a conspiracy of rich men procuring their own commodities under the name and title of a commonwealth.” ~ Winston S. Churchill, A History of the English Speaking Peoples

“Laws are like cobwebs, which may catch small flies, but let wasps and hornets break through.” ~ Jonathon Swift

Wednesday, November 21, 2012

New "Alcatraz Arms" - The Wages of Rent Control - San Francisco Supervisors Approve 220 Square Foot Apartments

The inverted, major unintended consequences of all Rent Control. San Francisco's Rent Control is a primary example of the reversal of intended wages of rent control.

 Henry Karnilowicz, the group’s president, said rent control should be abolished, or at least reformed so that the wealthy do not receive subsidized rent. “There should be means testing,” he said.
Mr. Karnilowicz estimated that 5 percent of the city’s 212,000 rental units (about 10,600) are kept vacant by landlords who would rather not deal with rent control (others estimate the number is higher, about 25,000 units). He said that many owners would rent those homes if there were reforms, like requiring the rich to pay full market value.
Such a move is highly unlikely, however. In a city where 64 percent of residents rent, tenants have enormous political clout and it is unpopular to even discuss reforming rent control.        

Here is a perverse result from the decades of this over controlled rent market. m/r

San Francisco Supervisors Approve 220 Square Foot Apartments « CBS San Francisco
November 20, 2012

SAN FRANCISCO (CBS SF) — San Francisco’s building code got downsized Tuesday with the Board of Supervisor’s approval of a pilot program that will build efficiency units, or apartments with reduced square footage requirements.
The board, in a 10-1 vote at Tuesday afternoon’s board meeting, approved the ordinance that will change the definition of an efficiency dwelling unit to include units that are as small as 220 square feet, including the bathroom and closets.
Part of the legislation is a program that caps the construction of these mini-apartments, at yet to be determined locations, to 375 units. ...
... The legislation, introduced by Supervisor Scott Wiener, was touted as a way to address the housing crisis in San Francisco where one bedroom apartments and studios can run up to $3,000 per month in rent.
-more at link-

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