2 ms·
What part of "it's an upper limit, not a baseline" do you not understand? And an upper limit that people exceed not by choice but because there is no cheaper ho
by brazzy 2y ago
What part of "it's an upper limit, not a baseline" do you not understand? And an upper limit that people exceed not by choice but because there is no cheaper housing available. And the causes for that have absolutely nothing to do with the number.
Again, it is a very, very privileged position where you can suggest that people should just spend less than those 30%, because it shows your income is big enough that a smaller proportion of it is still enough to afford something.
- chiefalchemist 2y agoYou're naive. What part of housing is priced such that 30% is the defacto baseline for most people, don't you understand? Individuals don't set the prices, the market does. And fyi home sellers and landlords love the phrase "what the market will bear". Sure, if you have two six figure incomes in your household you can come in at 25% or 20%, but everyone else... 30% would be a God send. Where and when did I suggest people just spend less? Again, I repeat, that 30% is a number used by people who... Wait for it... Make more money from higher prices. It's not the families setting that bar. We're done here. You're so intent on picking a fight that you're ignoring everything I'm saying. This is not what I come to HN for. Thanks. Good night.
- brazzy 2y ago> Individuals don't set the prices, the market does. Exactly. So why do you think the number is relevant in how actual prices are determined? > Again, I repeat, that 30% is a number used by people who... Wait for it... Make more money from higher prices. It's not the families setting that bar. And again, I repeat that is simply not true. > We're done here. You're so intent on picking a fight that you're ignoring everything I'm saying. You are describing your own behaviour.