4 ms·
I think the obsession with "supply" in isolation glosses over the more crucial issue of economic coercion. The choice between living in a the inner city/suburb
by djrobstep 7y ago
I think the obsession with "supply" in isolation glosses over the more crucial issue of economic coercion.
The choice between living in a the inner city/suburbs/country isn't made in isolation: Most people make choices through economic necessity.
For instance, I'd love a quiet house in the country if I didn't have to go to work each day. But I do, so I gotta pay for the usage of expensive land close to a big city CBD.
My potential salary is much lower if I don't. Landlords and boomer homeowners prey on this phenomenon, upping rents/land prices to grab up most/all of the benefit from the higher salary I can get working in the city.
Thus the common experience of people with good middle class jobs not getting ahead, knowing that they're getting shafted by landlords, but knowing that they are forced into this predicament and there is no alternative but to keep paying off the landlord/bank holding them hostage.