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
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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
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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
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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.
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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
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Replying to @eigenrobot @ScubaForDogs
Yes, and you cure pricing by rent controlling, which is the point. You're replacing a lottery system with a highest bidder system (i.e. rich only) when you remove rent control. This is lateral to density.
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Replying to @xptnd @ScubaForDogs
Oh no Rent control is still a highest bidder system but instead of competition on price you compete on other margins "I have eighty tenants who want every unit. Why should I choose you? What can you offer me that others can't?"
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Maybe I add outrageous key fees. Maybe I never repair the place. Maybe I only rent to ethnicity groups I like. What does it cost me? I'm not giving up any money by treating my tenants poorly. They're all paying below market.
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You can try to outlaw these things but in practice this is impossible Even if you succeeded the response would be decaying and never-replenished housing stock, since landlords would have no incentive to keep places up to attract tenants, and no expectation of profit on new units
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On these points, I direct you to the experience of renting in New York and San Francisco.
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