3 ms·
I’m not sure. At a certain point, if landlords strangle renters it can make hiring hard (workers can’t afford Cost of living if rents are too high), thus makin
by newsclues 4y ago
I’m not sure.
At a certain point, if landlords strangle renters it can make hiring hard (workers can’t afford Cost of living if rents are too high), thus making the business environment uncompetitive.
Will the business community have more power than landlords?
I think so, eventually.
- bbarn 4y agoSo far the business community's response has been "no one wants to work." because they can't afford to pay salaries. Ultimately, people vote with their feet, or government intervenes on behalf of those who would lose money.
- newsclues 4y agoIn Canada business and government says this stuff, to justify importing immigrants to work for low wages and often lower standards of living.
- randomdata 4y agoImporting immigrants in Canada requires that the employer provide suitable housing for the imported workers, so that brings us back to the earlier comment.
- newsclues 4y agoIn a lot of documented cases a tim Hortons franchise owner owns rental housing and rents it at outrageous rates to temporary foreign workers.
- nradov 4y agoPeter Thiel agrees and has shifted his investments out of the Bay Area because high housing prices make it too expensive to hire workers there. https://sf.curbed.com/2018/3/19/17138290/peter-thiel-slumlords-comments-speech-rent-sf-silicon https://sf.curbed.com/2018/3/19/17138290/peter-thiel-slumlor...