Tuesday, April 02, 2019
TKC REALITY CHECK: KANSAS CITY SILLY SEASON 'AFFORDABLE HOUSING' DEBATE WORSENED LIFE FOR WORKING POOR!!!
A recent news tidbit has important implications for so many Kansas City activists, media denizens and elected officials who don't understand the consequences of their financial adventures in local government.
Over the past year the affordable hosing debate in Kansas City inspired residents to not only take to the street in protest but also sponsor an ordinance that that attempted to crack down on landlords.
Further reading on this recent fight:
Fox4: KC property manager tries to offload inspection costs onto tenants only to learn it’s illegal
"A California-based company that owns apartment complexes in Kansas City is retracting its request for residents to pay up for basic rental inspection costs after learning it's against city code."
Pitch: Landmark Realty backs off its attempt to impose an illegal fee on tenants
“The KCMO Health Department is implementing a new program called the ‘Healthy Homes Rental Inspection Program,” read the letter signed by the Landmark Realty regional director. “This program includes an annual fee of $20/unit, which we are passing on to residents at all of our properties. I have applied this city imposed fee to your account.”
"Landmark’s $20 fee is literally illegal."
In the aftermath, activists claimed a win and politicos ran a victory lap because the company backed down over Facebook slap fighting.
Here's the more important postscript . . .
TKC TOLD YOU SO!!! OUR BLOG COMMUNITY WAS PROVEN CORRECT AND THE MISGUIDED RENTAL INSPECTION FEE DID, IN FACT, BACKFIRE AGAINST LOCAL RENTERS AND MAKE THEIR LIVES EVEN MORE EXPENSIVE AND HARDER!!!
Unfortunately, what misguided politicos & activists believe is a victory is nothing more than proof that this social justice crusade is the victim of bad math.
This isn't finance, it's arithmetic. Truism: More taxes and higher prices are always passed down to the consumer.
In this instance the property company was clumsy and justifiably pushed back . . . But that's not the end of it, it never is . . . THE TRAGIC KANSAS CITY IRONY . . .
The exchange simply reveals that landlords are now incentivized to hike rent on residents in order to keep up with higher taxes & fees courtesy of "affordable housing" advocates.
And the claims that this particular rent hike was "illegal" are just as childish and naive as election effort to pass the clunky legislation that wouldn't last five minutes against an elite real estate lawyer.
The bigger picture is even scarier . . .
The Kansas City "affordable housing" debate has been both a scam and distraction.
In a capitalist society markets determine the going rate for housing more efficiently than any politico or activist. Markets self-correct and offer opportunity for those who are ahead of the curve. That's not to say that governments can't help create opportunity or even offer subsidy to encourage development . . . It would be unreasonable to deny success stories.
However . . .
THE AFFORDABLE HOUSING DEBATE DURING THIS ELECTION SEASON HAS BETRAYED PO'FOLK AND MISTAKENLY GIVEN PEOPLE THE IMPRESSION THAT CHEAPER RENT IS A POLITICAL GOAL!!!
Again, there are some great economic incentive programs and low-income housing developers who are already accomplishing worthwhile goals but that kind of grunt work isn't as glamorous as attacking property owners at attempting hijack the local election.
Meanwhile, the greedy advocates of the affordable housing debate distracted locals from the horrific violence confronted by Kansas City.
In fact, the rate of violent crime and not any form of housing discrimination has created the real disparity in Kansas City. Property in violent neighborhoods is discounted and rendered uninhabitable thereby pushing the local real estate market into a narrow space for decent, livable neighborhoods.
Cheap talk about equity and social justice proved effective at tricking protesters. Instead of holding politicos accountable for their time in office, protesters instead encouraged voters to accept more hype from politicos who tout efforts that intend to change the very nature of capitalism rather than just simply putting more cops on the street like they promised.
This big government tactic has been unquestioned by a complicit media and local political establishment that did their best to avoid any tough or unpleasant questions during this camapign.
Developing . . .