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The real problem is inflation and excessive rent seeking. Rents are currently at the highest level on record in the US. Hard to get someone to take a job that
by docflabby 5y ago
The real problem is inflation and excessive rent seeking.
Rents are currently at the highest level on record in the US. Hard to get someone to take a job that won't even pay the rent.
The wealth trickle up has changed into a torrent since covid, something is going to break.
- MattGaiser 5y agoRents are that high as people are willing to pay extra for residential space. I had colleagues go from studio apartments to single family homes during the pandemic.
- missedthecue 5y agoWhat are you saying? That someone would rather earn $0 to pay their rent than earn $15/hr to pay their rent?
- totony 5y agoIt really does not matter if neither can afford the rent
- missedthecue 5y agoSo the millions of unemployed are living under bridges right now or what?
- antisthenes 5y agoRent-seeking and regular rent in a landlord-tenant relationship are not the same thing. Rents did go up as a result of general inflation and the eviction moratorium, but that is not the same as rent-seeking.
- mavelikara 5y agoWhy is this comment is downvoted?