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Thank you. The main way people are looking at this article is from the housing cost side and less from the wages side. If your community prices out certain es
by ohithereyou 8y ago
Thank you. The main way people are looking at this article is from the housing cost side and less from the wages side.
If your community prices out certain essential services then those providing the service will leave, raising the price of that service, thereby ensuring that those that stay (or come back after the price changes) can make a living, can have a wage that allows them to pay for housing in the city.
Rent control distorts this type of adjustment, indirectly providing a subsidy that benefits those that could afford to pay market rate for a service by allowing those that provide the service to live below market rate and thus charge less.
- eiaoa 8y ago> If your community prices out certain essential services then those providing the service will leave, raising the price of that service, thereby ensuring that those that stay (or come back after the price changes) can make a living, can have a wage that allows them to pay for housing in the city. Or, more likely, the people providing those services will not actually be paid enough to live in the community, but instead forced endure grueling commutes and other practices that lower their quality of life if they want to remain employed. https://www.sfgate.com/traffic/article/Bay-Area-commute-San-Francisco-traffic-12861808.php https://www.sfgate.com/traffic/article/Bay-Area-commute-San-... https://www.curbed.com/2018/3/8/17097154/affordable-housing-coliving-starcity-common-sro https://www.curbed.com/2018/3/8/17097154/affordable-housing-...
- cascom 8y agoIf they don’t actually move away (and find work locally), then they just trade rent $ for a lower net hourly wage (hours worked + commute time), perhaps to their benefit - changing jobs is not frictionless, but it’s not like it’s a bad economy