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No mention of "demand" and only one of "supply:" "The limited supply of affordable housing for workers has been a challenge for decades." Prices occur where dem
by jseliger 5y ago
No mention of "demand" and only one of "supply:" "The limited supply of affordable housing for workers has been a challenge for decades." Prices occur where demand and supply intersect. There are two ways to lower them: lower demand or raise supply. Supply restrictions raise prices.
There are a lot of words here that fail to deal with price fundamentals.
- dsizzle 5y agoEhh, that might be a shallow search. The issue of limited supply runs throughout the piece: towns being surrounded by protected lands where building isn’t possible and NIMBYism.
- deleted 5y ago[deleted]
- bobsmooth 5y agoWhat are you even saying? Prices go up because the locals are being priced out by people buying second homes and AirBNB takes up all the available rentals. The mayor of the town nearly got evicted because his landlord was going to convert it.
- 9935c101ab17a66 5y agoThis obviously isn't true. You can absolutely use legislation and fiscal policy to impact market prices. You're being incredibly reductionist and I'm not quite sure why, but if you read the article, you would have come across the case of Whistler, where they've effectively used policy to improve the availability of affordable housing. Also, we're not talking about a commodity like smart fridges or something, we're talking about one of the fundamental human needs — shelter. Your frivolity is unnecessarily callous.
- liketochill 5y agoLiving in a ski town isn’t a fundamental human need. There are lots of cheap places to live in the USA they just are not in what are currently the desirable locations.