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No one forced them to pay more than the minimum for housing. Not all land in a given area are equal in their attribute and there's fundamental scarcity in desi
by kiba 4y ago
No one forced them to pay more than the minimum for housing.
Not all land in a given area are equal in their attribute and there's fundamental scarcity in desirable lands. The richest presumably purchases houses in locations that has the most amenities, while everybody scrambles for the rest.
- lotsofpulp 4y agoHence it is not housing costs “forcing” people to compete, it is people’s desire to have more than others. Which is not necessarily a bad thing, it is very well possible the lower priced housing has unacceptable attributes, but that leads to different causal factors.
- kiba 4y agoWhere you live also determine access to jobs, educations, and other opportunities. Cities are more valuable for this reason. It is also determined by housing supply in a given location and transportation policies, how we decided that homes are investments which increases exclusionary NIMBY behaviors. It is not merely 'desire to have more' than the other that determine the cost of living.
- dropit_sphere 4y agolower-priced housing often has unacceptable attributes simply by virtue being lower-priced, as crime rates and schools are worse.