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I agree that's a good idea but in the context of this story... Who lives in this ultra expensive real estate? The execs stiffing the developers on pay while ma
by exstudent 12y ago
I agree that's a good idea but in the context of this story...
Who lives in this ultra expensive real estate? The execs stiffing the developers on pay while making bank on their work.
- cscurmudgeon 12y agoMy point is that it is not the execs fault for it being expensive. There is an artificial limit on supply. If supply is kept low, the producers (the landlords) usually benefit at the expense of poorer consumers.
- exstudent 12y agoI agree with the real estate issue. My point is that people CAN afford to live in these places and those people built their fortunes on the back of a labor supply with artificially suppressed wages.