LogFAQs > #950318732

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Topic	Politics Containment Topic 363: SEC Speed
HeroDelTiempo17 02/05/21 5:00:56 PM #357:	Wanglicious posted... honestly the housing doesn't even need to be built, just used. like right now cities like nyc are completely messed up on rent prices and covid proved a few different reasons why prices are massively artificially inflated. one group of people would rent multiple apartments just to say they were renting them or as a third city home. another group would rent places to be airbnbs. while some elements are 'let the market decide,' other elements just don't make any sense right now and even my old ass building has at least 5 vacancies because the rent's too high and it hasn't had that issue in 30 years. Yeah that's part of the economic incentives I mentioned. Without any outside force it's totally fucked. Landlords can do this because they believe that this is the most profitable play for them. People are focused on building more housing because a large increase in affordable supply will force the high rents of these vacant places to come down (and in some areas it is an issue of not enough housing), but if you'd rather forcibly regulate the rent price that will help too. The way things are right now we probably need both. --- I definitely did not forget to put the 2020 GOTD Guru winner, azuarc in my sig! <cite>HeroDelTiempo17 posted [p:950318732] in Politics C... [t:79267516]...</cite> <quote>Wanglicious posted... </cite> <quote> honestly the housing doesn't even need to be built, just used. like right now cities like nyc are completely messed up on rent prices and covid proved a few different reasons why prices are massively artificially inflated. one group of people would rent multiple apartments just to say they were renting them or as a third city home. another group would rent places to be airbnbs. while some elements are 'let the market decide,' other elements just don't make any sense right now and even my old ass building has at least 5 vacancies because the rent's too high and it hasn't had that issue in 30 years.</quote> Yeah that's part of the economic incentives I mentioned. Without any outside force it's totally fucked. Landlords can do this because they believe that this is the most profitable play for them. People are focused on building more housing because a large increase in affordable supply will force the high rents of these vacant places to come down (and in some areas it is an issue of not enough housing), but if you'd rather forcibly regulate the rent price that will help too. The way things are right now we probably need both. --- I definitely did not forget to put the 2020 GOTD Guru winner, azuarc in my sig!</quote> ... Copied to Clipboard!
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