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Topic	California housing bills fails yet again.
Frolex 02/01/20 7:39:06 PM #16:	Questionmarktarius posted... Any new housing is pro low-income housing. Some rich fuck moving into a mansion on hillside means his old place is a vacant unit some slightly-less-rich fuck can move into, and that's guy's old place is a vacant unit someone else can move into and so on and so on. Wrong, as usual. https://journals.sagepub.com/doi/pdf/10.1080/00420980500533612 https://www.urbandisplacement.org/sites/default/files/images/udp_research_brief_052316.pdf https://www.washingtonpost.com/business/economy/in-expensive-cities-rents-fall-for-the-rich--but-rise-for-the-poor/2018/08/05/a16e5962-96a4-11e8-80e1-00e80e1fdf43_story.html?utm_term=.ac7d38f04e1e What's actually going to happen is that any vacancies that end being created are going to be filled by "rich fucks" either buying those units to renovate to flip at higher prices or to rent out as AirBnBs. There might be a small overall price reduction as a result of filtering, but it will take decades for middle and low-income earners to actually see any benefit from filtering as a result of high-income housing construction. Gee, who would have thought that applying Reaganomics to the housing market works out about as well for the working class as it does for every other sector of the economy. --- https://imgur.com/HOLHd4k https://imgur.com/six2WTN <cite>Frolex posted [p:933797214] in California... [t:78375755]...</cite> <quote>Questionmarktarius posted... </cite> <quote>Any new housing is pro low-income housing. Some rich fuck moving into a mansion on hillside means his old place is a vacant unit some slightly-less-rich fuck can move into, and that's guy's old place is a vacant unit someone else can move into and so on and so on.</quote> Wrong, as usual. https://journals.sagepub.com/doi/pdf/10.1080/00420980500533612 https://www.urbandisplacement.org/sites/default/files/images/udp_research_brief_052316.pdf https://www.washingtonpost.com/business/economy/in-expensive-cities-rents-fall-for-the-rich--but-rise-for-the-poor/2018/08/05/a16e5962-96a4-11e8-80e1-00e80e1fdf43_story.html?utm_term=.ac7d38f04e1e What's actually going to happen is that any vacancies that end being created are going to be filled by "rich fucks" either buying those units to renovate to flip at higher prices or to rent out as AirBnBs. There might be a small overall price reduction as a result of filtering, but it will take decades for middle and low-income earners to actually see any benefit from filtering as a result of high-income housing construction. Gee, who would have thought that applying Reaganomics to the housing market works out about as well for the working class as it does for every other sector of the economy. --- https://imgur.com/HOLHd4k https://imgur.com/six2WTN</quote> ... Copied to Clipboard!
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