murrly t1_iuiw5ki wrote on October 31, 2022 at 5:48 PM

Reply to comment by ChickenGuzman in Accurate by seanner_vt2

Would rent control follow inflation? I could see that working. Rents are only allowed to rise in step with inflation.

thisoneisnotasbad t1_iuj0202 wrote on October 31, 2022 at 6:14 PM

What about units with heat or hot water included. Inflation does not include energy prices.

murrly t1_iuj66it wrote on October 31, 2022 at 6:54 PM

Idk, not an economist. Wasn't say yea or nay. Just curious to see what people who support rent control and minimum wage increases have to say on the matter. I also believe inflation is normally set by lots of factors, energy being one of them.

thisoneisnotasbad t1_iuj760m wrote on October 31, 2022 at 7:01 PM

It’s not but I think tying rent to inflation is a bad idea.

>”Key Takeaways. Core inflation is the change in the costs of goods and services but does not include those from the food and energy sectors. Food and energy prices are exempt from this calculation because their prices can be too volatile or fluctuate wildly.“

mountainofclay t1_iujpxod wrote on October 31, 2022 at 9:09 PM

Right. The energy and food sectors are exempt when figuring the National inflation rate. Funny how those industries are excluded. Petroleum and industrial agribusiness. Who needs gas and food anyway, sheesh!

Electrical-Bed8577 t1_iujzjt1 wrote on October 31, 2022 at 10:20 PM

We are now at high global inflation largely due to energy costs. Also infrastructure failures with minimal to no maintenance over 40 years. Also, globalizing commerce to the extent that our nation's farms and ranches are decimated. (Soy, China, Tariffs. Corporate farms and real estate. etc and etc.) When we're not watching what politicians are up to, theyre changing laws to benefit cronies vs constituents. Don't get me started (too late!). https://www.weforum.org/agenda/2022/09/inflation-rising-food-energy-prices-economy/

Electrical-Bed8577 t1_iujxhyf wrote on October 31, 2022 at 10:04 PM

Rents should raised no more than 2% per year, in step with property taxes. Wages should follow inflation, i.e. round up to 5% as inflation hits and stays at 8% a quarter and if over 11%, round up to 10. 5x5. Dual edge sword tho, if you want to base your income on inflation quarterly, like a balloon, up then down. This is for employees 25 and older, as migrants, teens and college kids have and will continue to be treated like interns. Old people with money want to use young/new people, regardless of how smart they are. You have to make your case as an individual for a raise and collectively in adverse working conditions.