News (Media Awareness Project) - CN BC: PUB LTE: Supply And Demand |
Title: | CN BC: PUB LTE: Supply And Demand |
Published On: | 2005-05-18 |
Source: | Coquitlam Now, The (CN BC) |
Fetched On: | 2008-01-16 13:03:22 |
SUPPLY AND DEMAND
Re: "PoCo councillors weigh in on new pot control bylaw," Wednesday, May 11.
The City of Port Coquitlam can send any kind of message it wants with
whatever draconian anti-grow-op legislation, but it will not defeat the
market forces of supply and demand.
Infringing on the property rights of landlords and the privacy rights of
tenants will simply make investing in the rental properties market less
attractive.
The gangs and crime lords can afford to outright buy homes, grow a few good
crops, then abandon the property to taxes for the profit margins to be made.
Only the most enterprising of ruffians will thrive once the mom and pop
operators who must rent someone else's property have been driven out of
business. Ideas have consequences.
The City of Port Coquitlam decision-makers ought to heed some timeless
advice from the person most responsible for the property rights that we do own:
"Whenever legislators endeavour to take away and destroy the property of
the people, or to reduce them to slavery under arbitrary power, they put
themselves into a state of war with the people, who are thereupon absolved
from any further obedience," said English philosopher John Locke.
The City is supposed to exist to protect property rights, not come up with
schemes to shoot itself in the foot concerning the rental market.
Chris Buors
Winnipeg
Re: "PoCo councillors weigh in on new pot control bylaw," Wednesday, May 11.
The City of Port Coquitlam can send any kind of message it wants with
whatever draconian anti-grow-op legislation, but it will not defeat the
market forces of supply and demand.
Infringing on the property rights of landlords and the privacy rights of
tenants will simply make investing in the rental properties market less
attractive.
The gangs and crime lords can afford to outright buy homes, grow a few good
crops, then abandon the property to taxes for the profit margins to be made.
Only the most enterprising of ruffians will thrive once the mom and pop
operators who must rent someone else's property have been driven out of
business. Ideas have consequences.
The City of Port Coquitlam decision-makers ought to heed some timeless
advice from the person most responsible for the property rights that we do own:
"Whenever legislators endeavour to take away and destroy the property of
the people, or to reduce them to slavery under arbitrary power, they put
themselves into a state of war with the people, who are thereupon absolved
from any further obedience," said English philosopher John Locke.
The City is supposed to exist to protect property rights, not come up with
schemes to shoot itself in the foot concerning the rental market.
Chris Buors
Winnipeg
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