say it with me:
BUILDING
APARTMENTS
WITHOUT
CONTROLS
ON
THE
RENTS
OF
THOSE
APARTMENTS
ONLY
ENRICHES
DEVELOPERS
AND
DOES
NOT
DRIVE
DOWN
RENTS
thinking that it does is some neolib "free market" bullshit
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Replying to @ScubaForDogs
hi im a housing economist and this tweet is insane
3 replies 3 retweets 63 likes -
Replying to @eigenrobot
hi I'm a machinist and I expect my government to regulate out of control markets that are hurting people, even if it makes rich people slightly less rich
1 reply 0 retweets 10 likes -
Replying to @ScubaForDogs
i agree that housing costs are much higher than they need to be and share your stated goal of fixing this problem i am only suggesting that your proposed solution will not lead to the end you desire and in fact will backfire Spectacularly, and poor people will bear the cost
2 replies 0 retweets 33 likes -
Replying to @eigenrobot
doing the opposite hasn't exactly served us well, forgive me if I disregard conventional wisdom here, because it seems to be constructed entirely to maintain a status quo that is unbearable to the lower 1/3rd or so of the economy
1 reply 0 retweets 7 likes -
Replying to @ScubaForDogs
totally--it's awful! and I shout my lungs out about it daily the take from my angle is not: landlords greedy vs not, take greed as a constant over time and judge as you like but house prices are skyrocketing mostly because it's nigh-impossible to build more housing where needed
2 replies 0 retweets 17 likes -
Replying to @eigenrobot @ScubaForDogs
How is building luxury a requirement for building denser? Denser is already more profitable, without having to displace the current demographic of a neighborhood. The density strawman is from rich landowners blocking building in their neighborhoods in the first place.
1 reply 0 retweets 1 like -
Replying to @xptnd @ScubaForDogs
The driver of housing prices is not luxury but simple scarcity of square footage. Consider: $3000 will get you a decaying closet in Manhattan or a palace in St. Cloud, MN Luxury condos in historically poor neighborhoods are gross aesthetically but not the root problem
2 replies 0 retweets 1 like
Like--my guess is that generally 1000 extra luxury units will have a similar effect on area prices as 1000 extra spartan units of the same size And speaking for myself I would be delighted with either being built
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