Palo Alto considers subsidized housing for salary up to $250K

Re:Palo Alto considers subsidized housing for salary up to $... by jon-wood on Monday May 30, 2016 @04:09AM (#11800190)

And because of the way the free market works despite the average family working twice as many hours as one in the fifties they're no better off, and in a lot of cases worse off, in terms of what they can actually afford. And kids never get to see their parents.

I don't know what the solution is long term but I have a feeling someday this experiment in free market capitalism is going to be considered in similar ways to the USSR's experiment in communism a few decades from now.

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Re:Palo Alto considers subsidized housing for salary up to $... by Hondor on Monday May 30, 2016 @06:03AM (#11800557)

When people have the opportunity to earn more, they do, no matter how hard it is for them. Then they find things to spend that extra money on that they wouldn't otherwise have spent it on, like a house in a more expensive neighborhood and they end up still not having much money. It's just a personal choice. Ask if your wife is willing to not work, buy a house in a cheap town, buy a used Japanese import car and carry on living a comfortable 50's lifestyle if you want. But you won't want because you'll see all that money waiting for you.

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Re:Palo Alto considers subsidized housing for salary up to $... by bmj on Monday May 30, 2016 @07:15AM (#11800739)

When people have the opportunity to earn more, they do, no matter how hard it is for them.

Citation needed.

It really depends on how you view the world. If that view is all about money and consumption, then, yeah, you probably won't leave money on the table. There are, however, competing worldviews that offer different versions of the good life, and in my experience, there are plenty of willing to leave money on the table because of it.

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Re:Palo Alto considers subsidized housing for salary up to $... by lgieron on Monday May 30, 2016 @05:47AM (#11800512)

> And because of the way the free market works despite the average family working twice as many hours as one in the fifties they're no better off

IMO the fifties in the US were a total anomaly and they're not coming back ever. It was a time where (more than?) half of the world was taken out of competition due to idiotic economic system of communism, and Europe, the only potential competitor to the US, was still in shambles after the war. The US were a sole economic superpower, no wonder people had it great back then.

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Re:Palo Alto considers subsidized housing for salary up to $... by cnlevy on Monday May 30, 2016 @07:30AM (#11800778)

Free-market capitalism ? On the contrary, its absurd regulations for new housing that raised prices. If free market was reigning, many more apartments would have been built, lowering housing prices.

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Re:Palo Alto considers subsidized housing for salary up to $... by sampo on Monday May 30, 2016 @11:02AM (#11801626)

> I don't know what the solution is long term but I have a feeling someday this experiment in free market capitalism

The skyrocketing housing prices are caused by strict zoning regulations, and there is absolutely nothing about free market capitalism in strict zoning regulations.

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Re:Palo Alto considers subsidized housing for salary up to $... by briandear on Monday May 30, 2016 @05:23AM (#11800431)

Do you have any data supporting those claims?

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