3 ms·
Rents only go up if more people want to live somewhere or can afford more to live there - or, maybe short-term, if the government levies more taxes. If you mak
by onlyrealcuzzo 3y ago
Rents only go up if more people want to live somewhere or can afford more to live there - or, maybe short-term, if the government levies more taxes.
If you make everywhere nice, then you don't need to pay a premium to live somewhere nice.
Maybe you have to pay a miniscule amount more in property taxes.
You could just stop running trash & sewer service and let the city turn to garbage if you want lower rents. I don't think that's what people want. They want somewhere nice to live.
You can't have your cake and eat it, too.
- onlyrealcuzzo 3y agoI will add that I'm being naive here thinking that EVERYWHERE in the US would do anything, let alone invest in trees, of all things... On a city level, if - say - Chicagoland invested in all of its neighborhoods being beautiful instead of mainly just the wealthy areas near the lake - then you might have more people than expected migrate to the area and drive up rents everywhere, slightly. But I'm skeptical... As much as people like a nice neighborhood, you pick where you live (your metro) mostly based on jobs and your life - not trees. You pick your individual neighborhood that metro based on a ton of factors. Trees could definitely influence that. If trees are everywhere in that matro, then it's a non-factor.
- tptacek 3y agoChicago's non-lakefront neighborhoods are famously beautiful? Even the boarded up neighborhoods are tree canopy streets and Queen Annes? And who lives on the Lakefront? The most expensive houses in Chicago are generally not close to the lake.
- mFixman 3y agoIf migration is the only reason rents increase, why have they been increasing everywhere?