by San Lumen » Mon May 18, 2015 2:32 pm
by Souseiseki » Mon May 18, 2015 2:33 pm
by San Lumen » Mon May 18, 2015 2:34 pm
Souseiseki wrote:because they want to make as much money as possible and a lot of people have no choice except pay or be homeless
by New Werpland » Mon May 18, 2015 2:36 pm
by Idzequitch » Mon May 18, 2015 2:39 pm
by Aquitayne » Mon May 18, 2015 2:49 pm
"When you have power, use it to build people, not constrict them."-Bertrand Russell
"I destroy my enemies when I make them my friends."-Abraham Lincoln
by San Lumen » Mon May 18, 2015 2:51 pm
Aquitayne wrote:The reason you see rent being so high in certain areas, especially cities like New York and Los Angeles, is because there's nowhere else to put apartment buildings. Especially New York, where every inch of land is at a premium, and there is only limited space for an almost unlimited demand for apartments. The reason you see the rich getting more apartment buildings and luxury condos everywhere is because they can afford them. "Affordable housing" is a myth. Affordable housing equates to whatever anyone at a given price is willing and able to pay at that price for a product, in this case an apartment.
Simple supply and demand, economics at its core.
by BK117B2 » Mon May 18, 2015 3:01 pm
by BK117B2 » Mon May 18, 2015 3:07 pm
San Lumen wrote:Aquitayne wrote:The reason you see rent being so high in certain areas, especially cities like New York and Los Angeles, is because there's nowhere else to put apartment buildings. Especially New York, where every inch of land is at a premium, and there is only limited space for an almost unlimited demand for apartments. The reason you see the rich getting more apartment buildings and luxury condos everywhere is because they can afford them. "Affordable housing" is a myth. Affordable housing equates to whatever anyone at a given price is willing and able to pay at that price for a product, in this case an apartment.
Simple supply and demand, economics at its core.
Who cares if they can afford it? Why are are building just for them and then they don;t even live there full time? Seems rather selfish. Why not have rent control laws that apply to everyone?
by Llamalandia » Mon May 18, 2015 3:13 pm
by Idzequitch » Mon May 18, 2015 3:13 pm
by Pope Joan » Mon May 18, 2015 3:18 pm
by Wallenburg » Mon May 18, 2015 3:19 pm
by Saint Kitten » Mon May 18, 2015 3:43 pm
by Caninope » Mon May 18, 2015 5:16 pm
Agritum wrote:Arg, Caninope is Captain America under disguise. Everyone knows it.
Frisivisia wrote:Me wrote:Just don't. It'll get you a whole lot further in life if you come to realize you're not the smartest guy in the room, even if you probably are.
Because Caninope may be in that room with you.
Nightkill the Emperor wrote:Thankfully, we have you and EM to guide us to wisdom and truth, holy one. :p
Norstal wrote:What I am saying of course is that we should clone Caninope.
by Diopolis » Mon May 18, 2015 5:38 pm
Caninope wrote:It seems, the rent is not really as high as we might want to think that it is- I've prepared an imgur gallery with a few different transformations of the CPI-U, the CPI-U's rent component, and the Case-Shiller index, that can be found here. Also, I know it's bad policy to set the axises in the way I did, but let's overlook that for a minute, shall we? Mostly because I don't want to go through the process of uploading them again.
The big takeaway from this is that rent isn't really that high- it's following the CPI. What's far more interesting is the fact that houses (despite being considering fairly illiquid) seem to be far more liquid and less subject to price stickiness/nominal rigidity than rents do. That seems like something someone should look into (the reasons seem obvious, but I'd be particularly interested if it had any noticeable effect on consumer behavior), but besides that, instances of "high rent increases" seem predominantly limited to New York (especially Brooklyn and Manhattan) and the Pacific NW/California (especially San Francisco) in the US, which are likely connected to increased prestige and urban revival effects in those areas.
by Gauthier » Mon May 18, 2015 6:04 pm
by Communist Victoria » Mon May 18, 2015 6:15 pm
by Llamalandia » Mon May 18, 2015 6:17 pm
Diopolis wrote:The solution is to have house-zeppelins the same way some people have houseboats. *nods*
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