3 ms·
When wages go up, rents go up. For rents to go down you either have to have more housing or less people in a given area.
by trailbits 3y ago
When wages go up, rents go up. For rents to go down you either have to have more housing or less people in a given area.
- nrclark 3y agoOr rent control.
- icelancer 3y agoRent control externalities are well-documented; long-term serious problems occur due to them, not the least of which is lower affordability. Short review of the research can be found here: https://www.brookings.edu/research/what-does-economic-evidence-tell-us-about-the-effects-of-rent-control/ https://www.brookings.edu/research/what-does-economic-eviden...
- crooked-v 3y agoAnd put "California" and "more housing" together and you mostly get memes of YIMBYs laughing maniacally and crying while NIMBYs sit on piles of money.