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Comment by brianpgordon | Hacker News Reader

It's drastic. I'm not taking a position either way because I don't know enough about the tradeoffs. But it's really bad out there, particularly here in SF; maybe worse than you realize.

When mobs of zombies start shuffling out of the Pacific and swarming coastal cities, you call the National Guard and impose martial law, "government overreach" be damned. And when things reach this level of dysfunction in the housing market, it is appropriate to start rationally examining practices we've always taken for granted in the past like unfettered real estate investment.

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It's my opinion that if the proposed resolution is to strip people of their rights, then the resolution isn't worth the brain power used to discuss it.

Buying something is not a right. It's a privilege. You can't buy drugs. You can't buy lots of things. It's not "life, liberty, and the right to buy stuff." It's "the pursuit of happiness" which clearly is an inalienable right that is being taken from people.

It's no different than a bully on the playground taking the ball from a weaker kid. They both have a right to play with that ball, right? The bullying force just comes from a bank account -- that's all.

No, we shouldn't allow financial bullies to run rampant either.

Property rights are the foundation of the US. Calling it a privilege is a complete misunderstanding of history. We are not serfs subordinate to a lord. We are not comrades subordinate to a politburo. We are citizens. As it was written in its early form, we believe in life, liberty and property.

You're fine then with one person owning all the property?

If they acquire it legally, then who are any of us to object?

If one person onws everything, he is de facto the government.

I don't really want to get drawn into this because – again – I don't have an opinion one way or the other, but I have to point out that just because you're able to do something today doesn't mean it's automatically a "right" that needs to be "stripped" from you. We adopt reasonable legislation all of the time which restricts legal activity in various ways. When the SEC issues guidance on some little-known regulation that affects the way that hedge funds are allowed to account for certain trading costs, nobody worries that important rights are being eroded. Their investment activities will be a little bit more restricted, but they have tons of money anyway and they have plenty of other options. Maybe you can see by analogy why I wouldn't be terribly impressed by owners of multiple California properties crying about their rights if some reasonable light-touch restrictions were added that slightly threatened their future revenues.

Yes I've noticed that many times people don't feel the need to defend other people's rights because it wouldn't also affect them directly.

I would be forced to sell many pieces of property I do not want to sell if my ideas were implemented.

I don't think it's my right to own all that. I don't need it. Someone else does. Unfortunately, they can't afford it and I can. Doesn't make it right.

You definitely have rights to your property, it's one of the most important ideas established in the Constitution.

It's also your right to give that property away if you like.

You need to consider the difference between something being right and something being a right.

https://en.wikipedia.org/wiki/Right_to_property

Article 23 of the declaration states: “Every Person has the right to own such private property as meets the essential needs of decent living and helps to maintain the dignity of the individual and of the home.[10]”

-- This is not the case with real estate in America. It isn't dignified.

I don't see why it's the government's job (at state/federal levels) to fix a local problem like this.

If anything, I think if the state government is going to do anything, it should help service workers relocate to more affordable places and find good work there. Let the Bay Area real estate market collapse.

It's a chicken/egg problem. The jobs are in the cities. The population density in other areas makes it even harder. People move to the cities for jobs because there aren't any where they are from.f

Incorrect. Yes, the jobs are in the cities, but there are many other cities besides the Bay Area. In most other cities, lower-paid people (e.g. service workers) are able to find places to live. What we're talking about here is a problem mostly unique to the Bay Area.

I'm simply advocating that all the service workers relocate to other cities. I live in the DC area; there's tons of restaurants and other businesses here where service people work, and while housing is relatively expensive, we don't seem to have the problems with it for lower-paid people that the Bay Area has.

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