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>Rent goes up because of supply and demand. And if people now earn more money they can pay more money to rent a house they want. This would force the people th
by Aerroon 5y ago
>Rent goes up because of supply and demand.
And if people now earn more money they can pay more money to rent a house they want. This would force the people that are already renting there to also pay more, which they can afford because they now earn more money too.
It seems feasible to me that landlords could eat up most of that wage increase.
- ethanbond 5y agoExactly. Actually fairly self-evident when you think about it. Rent doesn’t go up because costs go up, it goes up because people’s ability to pay does.
- BirdPlusPlus 5y agoConsider how widely available high-speed broadband through Starlink might change some of these things once that makes living in the interior of the country more desirable. I think we may end up seeing a sort of reverse of the industrial revolution's migration pattern over the coming decades.
- ethanbond 5y agoTotally possible! I hope we actually see small walkable enclaves throughout the country. Like the little mountain resort towns, but kept afloat by residents rather than tourism. Jobs are a big part of the equation with living in a city, but definitely not the only one. Food, arts, other cultural artifacts that people who live in cities care about are harder to move across the web for sure.