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> If such legislation was put in effect, we would likely see more people owning their own units and lower housing prices. I get that that sounds nice, but won'
by toast0 2y ago
> If such legislation was put in effect, we would likely see more people owning their own units and lower housing prices.
I get that that sounds nice, but won't it also make it much harder to move? Rental housing is valuable for owners because there's potential profit, but it's valuable for renters because there's flexibility. If you've got to sell your house and buy another everytime you move, that makes it harder to move to get a better job. If you've got to wait for a public housing opening, that makes it nearly impossible. If peole can't move for a better job, employers have a narrower scope of competition, which adds to downward pressure on wages and benefits.
- tossandthrow 2y agoIf your position is that mobility is the general problem, then by all means, hold on to this stance. I think the the dominant sentiment is that it is currently too hard to get long term shelter. Also, these thing are not binary. It is not whether it is possible to rent or not. it is what fraction of the housing stock are under what regime - something we should adjust with needs.