That would also involve moving to less expensive areas where the pay is good and cost of living is lower. Not everyone that lives in the bay area should live in the bay area.
What solution would you like to see that resolves the pay to rent gap? I’m pretty sure cities need the trades people, we’re just haggling over “how” now.
Poor people cannot afford the city, if wages rise so will rents and other products in turn, leading to overregulation and strangles on the market until landlords would rather have empty homes than deal with tenants.
Landlords are already leaving housing empty rather than lower rents. Perhaps heavy handed regulations are needed because unfettered capitalism isn’t offering any solutions.
Houses are going empty precisely because people are still submitting applications and attempting to live in them. The landlords are waiting for the perfect tennant instead of accepting the ten substandard ones rn. The market will either adjust or these landlords will lose out on revenue streams.
That’s the point, the people doing the work move away, the market falls to a level people can live in the city, everything balances out again. The only issue would be making sure the people stay away and the issue doesn’t happen again.
The city won’t collapse, the rich that want to live in the bay will see to it. The whole point is there’s an overabundance of people that want to live in the same area, if the leftovers move to cheaper areas away from the bay than the housing crisis will be less impacted as a whole and prices will begin to fall.
That would also involve moving to less expensive areas where the pay is good and cost of living is lower. Not everyone that lives in the bay area should live in the bay area.
What solution would you like to see that resolves the pay to rent gap? I’m pretty sure cities need the trades people, we’re just haggling over “how” now.
Poor people cannot afford the city, if wages rise so will rents and other products in turn, leading to overregulation and strangles on the market until landlords would rather have empty homes than deal with tenants.
Landlords are already leaving housing empty rather than lower rents. Perhaps heavy handed regulations are needed because unfettered capitalism isn’t offering any solutions.
Houses are going empty precisely because people are still submitting applications and attempting to live in them. The landlords are waiting for the perfect tennant instead of accepting the ten substandard ones rn. The market will either adjust or these landlords will lose out on revenue streams.
So wait, is anyone supposed to be left there other than the few well off people who can already afford it comfortably??
How do you expect that not to immediately collapse?
That’s the point, the people doing the work move away, the market falls to a level people can live in the city, everything balances out again. The only issue would be making sure the people stay away and the issue doesn’t happen again.
But that’s not what would happen because the people who can’t afford to live there are mostly the people who make society function.
You can’t have a working city without the people at the bottom. So what you are proposing is that the city should collapse.
Rather than, you know… just making sure people can afford to live there instead…
The person you are replying to, refers to the working class as “leftovers”. I’m not sure they are worth debating.
The city won’t collapse, the rich that want to live in the bay will see to it. The whole point is there’s an overabundance of people that want to live in the same area, if the leftovers move to cheaper areas away from the bay than the housing crisis will be less impacted as a whole and prices will begin to fall.