@[email protected] to [email protected] • 1 year agoRenters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years agofortune.comexternal-linkmessage-square158fedilinkarrow-up1788cross-posted to: [email protected][email protected]
arrow-up1788external-linkRenters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years agofortune.com@[email protected] to [email protected] • 1 year agomessage-square158fedilinkcross-posted to: [email protected][email protected]
minus-square@[email protected]linkfedilink1•1 year agoThat would increase hotel prices, making hotel owners purchase more land and build hotels until the equilibrium price is reached It’s a short term fix that eventually loses to market forces
minus-square@[email protected]linkfedilink1•1 year agoEven if it ends in more hotels, hotels fit more people and supply more jobs than the equivalent space in houses. For temporary lodging houses don’t make sense.
minus-square@[email protected]linkfedilink1•1 year agoWe should build large apartment buildings, actually. And I don’t mind temporary housing in an apartment building, I lived in one for a month.
That would increase hotel prices, making hotel owners purchase more land and build hotels until the equilibrium price is reached
It’s a short term fix that eventually loses to market forces
Even if it ends in more hotels, hotels fit more people and supply more jobs than the equivalent space in houses. For temporary lodging houses don’t make sense.
We should build large apartment buildings, actually. And I don’t mind temporary housing in an apartment building, I lived in one for a month.