3 ms·
Demand for a roof over one's head is inelastic. Markets do not work for inelastic goods. These people can't just downsize; renting is the low end of housing, an
by kibwen 3y ago
Demand for a roof over one's head is inelastic. Markets do not work for inelastic goods. These people can't just downsize; renting is the low end of housing, and the low end is being systematically crushed by the landed aristocracy, abetted by automated price collusion.
- WalterBright 3y ago> Demand for a roof over one's head is inelastic. Quite the contrary. In my younger days, I could not afford an apartment. So what did I do? I got together with a friend who could not afford an apartment, either, and we shared an apartment. I've also rented a house with multiple roommates to bring the cost down.
- 0xcde4c3db 3y agoThis probably varies regionally, but in my experience it's become pretty common for landlords and even HOAs to prohibit roommates (other than family members) these days. A handful of municipalities have even put it into law for single-family zoning. I gather it's considered to be a marker of "troublesome" people.
- WalterBright 3y agoI know people with roommates in apartments today.
- xnx 3y agoThe type of roofs over one's head is hugely elastic. At low cost there is shared rental housing far from where someone might find ideal. At high cost you can build a custom stand-alone structure made of the finest materials on an acre of land.