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Venkat Rao has an interesting piece on this topic which he calls The Locust Economy: http://www.ribbonfarm.com/2013/04/03/the-locust-economy/ http://www.ribbonf
by smalter 13y ago
Venkat Rao has an interesting piece on this topic which he calls The Locust Economy: http://www.ribbonfarm.com/2013/04/03/the-locust-economy/ http://www.ribbonfarm.com/2013/04/03/the-locust-economy/
The question he asks is: We're feeding on this excess supply until it's all gone--then what? For instance, regarding your point (2), to live in NYC will it become necessary for everyone to become a part-time landlord to make rent as rents escalate?
- tixocloud 13y agoI haven't read the article but I thought you pointed out something really interesting about everyone needing to become a part-time landlord to make rent as rents escalate. Would it be possible that as people are becoming part-time landlords, rents will escalate anyway as a result of additional income disposal and cash inflows to the city?