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>What are the overall vacancy rates? I don't believe that's the only measure of economic drag. For instance if, having no choice, people are spending a higher
by unclebucknasty 3y ago
>What are the overall vacancy rates?
I don't believe that's the only measure of economic drag. For instance if, having no choice, people are spending a higher percentage of their income on rent, then it leaves less to spend on other economically stimulative activity, like frequenting a local coffee shop, buying clothes, etc.
- ethbr1 3y agoThis. 30%+ of income just to acquire rental shelter isn't healthy. Especially when that regressively scales with income (i.e. people who make less pay a larger percent of their total income). And especially when the siphoned capital isn't being reinvested in new housing (because landlords and investors would rather collude and boost profit margins on existing stock).