5 ms·
The community can do something: * Build more housing. The tech companies can do something: * Build offices in more places That's it. That's the whole plan.
by VikingCoder 7y ago
The community can do something:
* Build more housing.
The tech companies can do something:
* Build offices in more places
That's it. That's the whole plan.
- PixyMisa 7y agoLocal and state regulations have the housing market locked down. That leaves option B, and I really don't understand why more companies aren't doing that.
- somatic 7y agoThis situation is perhaps the finest example of the self-licking ice cream cone. Consider: * “The community” (houseowners) own the present stock of houses; * The price of a house is driven not by materials or labor, but by supply; * The supply of houses is controlled by the houseowners. But it gets better. If houses cost more, not less, * The local government gets more money from property taxes; * The banks get their cut out of interest on the loans; * The employers (corporations) keep their employees on the treadmill; * The state and federal governments get their cuts from the income taxes. We have the technology. You could probably buy a mansion for $100k if it was in literally anyone’s interest besides the line-level worker.