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> Can you show me a place with high local productivity and low rent? Put the following prompt into your favourite AI and enjoy the reading: "How do rents rel
by don_esteban 2mo ago
> Can you show me a place with high local productivity and low rent?
Put the following prompt into your favourite AI and enjoy the reading:
"How do rents relate to productivity in the area? How does Vienna compare to San Francisco?"
- estearum 2mo agoVienna? World famous for publicly-funded housing construction? Try this one: "Create a simple analysis approximating how much higher rents would be in Vienna if not for the aggressive public subsidization of supply" In any case, Vienna has a good system! But it's not that it avoids high productivity → high rent, it's that it splits rent into subsidy costs and rent. In other words, the amount of subsidy + rent required will grow with local productivity.
- don_esteban 2mo agoMy point is: Your post reeked by defeatist 'nothing can be done against market forces'. Yes, it can be done, and if we want to have a reasonable future, it should be done.
- estearum 2mo agoSo you were responding to an assumption that's not actually in my comment? Vienna's solution is fine but has escalating costs and isn't necessary. Land Value Tax is better.
- pyuser583 2mo agoI would love to move to Vienna. Really, I’d sell my house and go right now if I could. I can’t. Immigration and language barriers alone would prevent (even though I have family there). My point is just that Vienna doesn’t have to deal with tons of people constantly showing up.