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> it does work, for the rent controlled people And anyone relying on their labor. If the cost of living goes up for those people then the cost of other things
by flukus 8y ago
> it does work, for the rent controlled people
And anyone relying on their labor. If the cost of living goes up for those people then the cost of other things go up. It's in everyone's interest that cheap housing is available (by some means or other), but lately we've all been sacrificing for the literal rent seekers.
- scarface74 8y agoOr both businesses and employees could move to other parts of the country where it is cheaper.
- flukus 8y agoAn leave everyone else without local goods and services? It would make sense for software shops to move, but the grocery store and the people stacking it's shelves need to be where the population is.
- scarface74 8y agoAs people left, the cost of housing would come down as demand decreased. If people owning the stores saw they couldn’t make a profit there, they would not open businesses. People wanting the goods and services wouldn’t be happy with what is available and they would leave.