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What expense is there for governments and contractors, that is directly tied to housing prices going up? Sure, more people would go to the same school but the g
by pixelatedindex 4y ago
What expense is there for governments and contractors, that is directly tied to housing prices going up? Sure, more people would go to the same school but the government or contractors have very little to do with educational expenses. Maybe paving roads? Can’t think of much else. Happy to be wrong.
- throwaway0a5e 4y ago>What expense is there for governments and contractors, that is directly tied to housing prices going up? In theory, nothing. In practice rich people complain about everything that isn't "nice" and want it made nice. As the community gets richer as a result of the minimum buy-in going up the municipality will be be fixing more potholes, changing more street light bulbs, painting everything on a more regular schedule, hiring more enforcement officials to harass people over increasingly smaller violations, hiring more cops because rich people call the cops over more minor things resulting in more calls, etc, etc. It costs a ton more money run a city/town the way people who can afford $500k houses and $2k rents want them run than the way people who can afford $200k houses and $800 rents want them run.
- diebeforei485 4y agoTo retain their employees and attract new talent, they need to pay wages that cover increasing rents.