There may be no more thoroughly discredited interventionist economic policy than rent control. It's a classic case of something that sounds good to most people when a politician proposes it, but pretty much invariably leads to bad outcomes. Really, this goes for most things that sound good to most people. But, despite learning this over and over again, we still often end up with policies that sound good rather than policies that are good.

As hyperinflation was ravaging Argentina, lawmakers sought ways to "do something" -- because Argentinians were, naturally, insisting that they do. And one of their answers was a 2020 measure simply known as the Rental Law. It was one of the top targets on Javier Milei's list of bad policies to undo.

Well, the policy change is starting to bear fruit.

Argentina's recent repeal of rent control by libertarian President Javier Milei has led to a surge in housing supply, with the freedom to negotiate contracts, previously restricted, directly causing a drop in rental prices.

For many locals, finding a new apartment had become "mission impossible." But after the repeal, Buenos Aires saw a doubling of available rental units, and rental prices have stabilized. Under the new rules, landlords and tenants have more freedom to agree on lease terms.

Since Milei's repeal of rent control laws took effect on December 29, the supply of rental housing in Buenos Aires has jumped by 195.23%...

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Shockingly, the actual outcomes of the rent control policy didn't match up with its advertised intent.

The (rent control) law aimed to provide tenants with more financial security, but by the end of last year, an estimated one in seven homes in Buenos Aires was sitting empty as landlords chose not to rent them out in Argentine pesos. Deposits were capped, and it was nearly impossible to end tenancies early.

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Somebody could probably write a book consisting of nothing but sentences that began with "The law aimed to (do something desirable) , but what really happened was (something undesirable)."
You'd think that everybody would welcome the surge in housing supply, even if begrudgingly. But you'd be wrong.

Not everyone in Argentina supports Milei's measure. Critics argue that the repeal disproportionately benefits landlords at the expense of tenants, many of whom are already struggling with the country's economic crisis. Some worry that the increased housing supply could be temporary, leading to a surge in prices once the market stabilizes.

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Of course that's their objection -- as if tenants are being "benefitted" by having no places to rent. The entire world can learn from what he is doing in Argentina. We're (unbelievably) still instituting rent controls here - or at least proposing them.

President Joe Biden has proposed federal rent control measures, saying they're needed to protect tenants from corporate landlords. He proposed limiting rent hikes to 5% a year for the next two years for landlords with more than 50 units.

Vice President Kamala Harris has also recently indicated support for rent controls, saying at her first major rally since becoming the nominee that she wanted to "take on corporate landlords and cap unfair rent increases." In 2019, after Oregon passed a statewide rent control measure, she praised the bill on Twitter.

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Milei 2024!!!

Glancing at the roster I only saw one PK,didn’t they sign a kid in the portal from somewhere down south?

Too many people talking about this for there not to be something to it.

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“I’m confirming that I have indeed worn swimsuits and you can tell I am biologically a woman,” she snarked on X with the hashtag “MAGA.”

Yes ma'am you sure are!!!

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FIVE times in the last three weeks I have sat in traffic because he decides to fly somewhere in the middle of rush hour. WTF? Can't you just get yourself a nice motorhome and live down by the airport until election day? Do you really need to fly home every stinking night and then fly out every stinking morning? I am sick and tired of waiting for your motorcade to take you 5 minutes from your house to Lunken Airport. Ride a bike! It would do you some good. And what's with the ambulance always following your car? Is there something you're not telling us? I mean, your route takes you no more than 10 minutes from one of the finest trauma hospitals in the Midwest, yet you need an ambulance in your motorcade? And for Christ's sake, don't you think 25 police cars is a bit much?

What a joke! He spent more time criticizing Harris( her laugh, calls her crazy, dumb), The United States (a 3rd World Country), Biden
I’m sure campaign team is very upset

Our lack of education and our hand-held propaganda machines have produced mindless political polarization - and now violence around and in political meetings.

Street battles are next.

Then a generalized European conflict to which we can't respond because our computer grid is locked up by cyber criminals and because our enemies realize we are inert.

Those who sleep through high school history are doomed to repeat it and make it much worse in each successive round.

Here's an anecdote:

Look at r/Bloomington and reddit. Some idiotii claimed to find a social security card. Had to ask the e-world what to do with it. Deeeeep thinker. Probably has a life goal of being a unionized barista driving an electric Yugo.

The Democrat Convention might make Richard Daley jump out of his grave!

That's a fresh sound, JD. Keep it coming.

Did anybody vet this dude?

Praise be!

{he's going to couch it (no pun intended) into his upcoming, everlasting infrastructure plan}


Under his eye.

Some morning I'll wake up and there will have been mass destruction the night before towards evil actors. Please Hurry!

BTW shout out to @dbmhoosier posting it earlier while the dipsh!ts melted. Its twue Its twue

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On Friday ... does this bode well for us ?
What happened to the visits. I guess when you know you know. I don't have a good feeling about this one. Typical of our luck

Some articles that have popped up in the last day or so.

….season ending and he’s a 6 year guy expected to start. Always need veteran OL guys. Looks like Bray Lynch will slide into that spot? Or Drew Evans the transfer from Wisconsin.

Trump's and the Repub Party's platform, Project 2025, recently had some training videos leaked by ProPublica. 29 of the 36 speakers in the videos formerly worked for Trump. JD Vance also wrote the foreword for Project 2025. Trump said he didn't know about P2025 (lolz).

Anyway, I just wanted to share a link to the videos if you're interested. Definitely some interesting stuff for something that some people think is a nothing burger.


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Frank claims it’s trending that direction and a possibility. lol…Got Bitcoin?

Nick Kidwell, projected starting guard, is out with a season ending knee injury. Will have surgery - per espn

Top 100 freshmen who made it to campus.

Indiana has two on the list. Neither of which are Brummel or Malamazian. Should be a fun class.

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AJ Guyton or Yogi

@JamieDimonsBalls What do you think?

Is he 6’9 or 6’7 ? In a conversation with a buddy who says he’s only 6’7. Is that right? @Bloom. ….