5 ms·
The people who can afford to pay higher rents are generally the most productive. They have important skills that employers are willing to pay high salaries for.
by seunosewa 7y ago
The people who can afford to pay higher rents are generally the most productive. They have important skills that employers are willing to pay high salaries for. They also pay more taxes and spend more money. If I ran a city, I would want more of those highly skilled workers in my city.
- nerfhammer 7y agoSo, you're actually in favor of higher rents. Why not mandate rent increases?
- llampx 7y agoThis is silly. Your counter-argument is basically also meddling in the market.
- fzeroracer 7y agoThere is no such thing as not meddling in the market, because people that move to cities will work to enact policies to ensure that they can continue to either live in those cities or grow their own property value. In SF it swung hard in favor of landlords with the outcome of it being unaffordable for tenants and anyone except the ultra rich. Berlin seems to be swinging in the opposite direction and is attempting to fix things for tenants. And realistically, anyone not taking action to secure their home or investment would be considered an irrational actor by any free market standard.
- nerfhammer 7y agohttps://en.wikipedia.org/wiki/Reductio_ad_absurdum https://en.wikipedia.org/wiki/Reductio_ad_absurdum
- pessimizer 7y ago> If I ran a city, I would want more of those highly skilled workers in my city. Why, exactly? Does the person who runs the city with the highest per capita tax receipts get some sort of award? I assume his/her rent would get driven up with the rest.
- DocTomoe 7y agoPeople with higher capita tax receipts are also less likely to be ill, less likely to indulge in violent crime, less likely to hold extremist views, less likely to litter or cause other trouble. If you want to manage a liveable city instead of a slum, you want that kind of people.