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Be quiet and accept capitalism in other words. Brilliant, out of touch response. Some people have lived their entire lives in cities, paid into the taxes and h
by moonshinefe 10y ago
Be quiet and accept capitalism in other words. Brilliant, out of touch response.
Some people have lived their entire lives in cities, paid into the taxes and helped build businesses, infrastructure, and the like, only to be kicked out due to lack of regulations in the housing market and the flood gates opening and driving prices through the roof.
I suspect you haven't experienced it given your flippant response.
- golergka 10y agoYou sound as if people who lived somewhere a long time acquire some sort of exclusive rights to the place, regardless of how much other people want to live there and how much are they willing to pay for it.
- moonshinefe 10y ago"You sound as if people who lived somewhere a long time acquire some sort of exclusive rights to the place" Swing and a miss. You must be wealthy or not live in an area where the cost of living is out of control and people have to leave their home towns and other things behind to survive. Nobody said anything about exclusive rights or anything remotely like that.
- Chris2048 10y agoWhat's the meaning of mentioning "people have to leave their home towns" if not that they have greater rights to live and work there?
- golergka 10y agoActually, if my landlord decides to update rent to market level next year, I'll have to move to another neighborhood or city. Don't see anything tragic about that and don't think that I deserve this apartment more than next tenant that will be ready to pay the price.
- Chris2048 10y ago"out of touch" with who/what exactly? People who contribute that much, but have nothing to show for it? Those businesses they built can't have been very successful..
- emodendroket 10y agoBelieve it or not, we could not actually have a society with nothing but executives and software developers.
- Chris2048 10y agoWhat exactly is this an answer to? Anywhere high-wage workers live, there are high-price businesses. What services will those executives and software developers be missing?
- emodendroket 10y agoTrash pickup? Janitorial services? Plumbing? Construction? Is this a real question?
- Chris2048 10y agoDo these not pay more in wealthier areas?
- emodendroket 10y agoNo, not usually.
- Chris2048 10y agoIf there was a shortage of supply, they would.
- humanrebar 10y agoBlaming capitalism for this missed a lot of facts. Housing supply is artificially restricted through zoning and other regulations. And housing demand is artificially stimulated through various tax breaks and subsidies. Neither are market forces and they certainly combine to drive up prices. Maybe other factors are at work here. I hear foreign nationals like buying real estate to hedge against their home countries' political and economic stability. But that wouldn't be capitalism either. It would be foreign policy affecting Britain and the US for a change, instead of the other way around.
- emodendroket 10y agoI don't think so. Ultimately, this could not happen if the market did not set rents.
- humanrebar 10y agoThe market sets rent within the parameters it is given. Maybe an entrepreneur could build taller buildings with cheaper per-unit prices, but zoning regulations cap building height. In that way, the market isn't really setting the absolute price. On top of that, many localities literally overrule market prices with various forms of price fixing, affordable housing mandates, etc. Would it be an open market if we only removed one regulation, height restrictions? Nope. But to blame capitalism when other major forces are at play is not a full assessment of the situation.
- b3550943 10y ago>Be quiet and accept capitalism in other words. Brilliant, out of touch response. The problem in reality is that politicians are out of touch with capitalism. The solution is not rent control or land value tax. That only treats the symptoms. You cannot fix a structural problem this way. The real solution is to make other cities more attractive instead of forcing everyone to move into a handful of cities only to get kicked out 20 years later.
- gozur88 10y ago>Be quiet and accept capitalism in other words. I suppose, though I would have worded it "Grow up".