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Yes, this happened in San Jose during the last bubble, when Firefighters and Police couldn't afford to live in the city. Who on minimum wage can afford to driv

Yes, this happened in San Jose during the last bubble, when Firefighters and Police couldn't afford to live in the city. Who on minimum wage can afford to drive a car for an hour to work each way?

kemiller 14y ago
So they should be paid better, and the burden spread among the constituents of those services. Not pinned on landlords.
- _delirium 14y ago
  As long as the rules are reasonably stable, it's not "pinned on landlords", because they presumably already took those considerations into account when purchasing their property, so everything is priced in already, and it's a wash from their perspective. The only people really injured would be those who purchased property under one regulatory regime, and then unexpectedly had it changed out from under them to a different regulatory regime.
  - planetguy 14y ago
    Well that's even worse, as the whole cost is pinned not just on landlords but on a single generation of landlords. Bam, I just took away hundreds of thousands of dollars of your money with a stroke of a pen, how do you feel about that? Much better overall if the increased cost merely gets reflected in a rise in wages for unskilled labour in the city. If indeed it ever is an actual problem which I don't believe it is.
  - kemiller 14y ago
    But it does matter, because it tends to be a disincentive to get into the landlording business, which tends to further decrease inventory, which tends to make the problem worse, which tends to necessitate more onerous regulation, etc. I mean, hell. It would even be an improvement to just levy a tax on all landlords to pay for a housing stipend for public workers. That way it's evenly spread among landlords instead of just the ones unlucky enough to have ultra-tenacious tenants.
refurb 14y ago
That's called the free market, no? If someplace is paying minimum wage and can't find people to fill the positions (due to high housing/transportation costs), they'll have to raise the wages or close down. This actually happened in Calgary, Canada a few years back. McDonald's was paying 50-100% more than minimum wage in order to attract employees. Stores actually closed on Sunday because they couldn't find staff.

Yes, this happened in San Jose during the last bubble, when Firefighters and Police couldn't afford to live in the city. Who on minimum wage can afford to drive a car for an hour to work each way?

kemiller 14y ago

So they should be paid better, and the burden spread among the constituents of those services. Not pinned on landlords.

_delirium 14y ago
As long as the rules are reasonably stable, it's not "pinned on landlords", because they presumably already took those considerations into account when purchasing their property, so everything is priced in already, and it's a wash from their perspective. The only people really injured would be those who purchased property under one regulatory regime, and then unexpectedly had it changed out from under them to a different regulatory regime.
- planetguy 14y ago
  Well that's even worse, as the whole cost is pinned not just on landlords but on a single generation of landlords. Bam, I just took away hundreds of thousands of dollars of your money with a stroke of a pen, how do you feel about that? Much better overall if the increased cost merely gets reflected in a rise in wages for unskilled labour in the city. If indeed it ever is an actual problem which I don't believe it is.
- kemiller 14y ago
  But it does matter, because it tends to be a disincentive to get into the landlording business, which tends to further decrease inventory, which tends to make the problem worse, which tends to necessitate more onerous regulation, etc. I mean, hell. It would even be an improvement to just levy a tax on all landlords to pay for a housing stipend for public workers. That way it's evenly spread among landlords instead of just the ones unlucky enough to have ultra-tenacious tenants.

refurb 14y ago

That's called the free market, no? If someplace is paying minimum wage and can't find people to fill the positions (due to high housing/transportation costs), they'll have to raise the wages or close down. This actually happened in Calgary, Canada a few years back. McDonald's was paying 50-100% more than minimum wage in order to attract employees. Stores actually closed on Sunday because they couldn't find staff.