News for hackers. Stuff that matters.

A comment on Rents for the rich are going down, rents for the poor are going up. Why?. Parent comment

Re:Rents for the rich are going down, rents for the poor are... by frongpik on Monday March 22, 2021 @05:36PM (#26547507)
Insufficient housing creates competition among workers and they do more work for less pay, as nobody wants to be an outsider. The number of building permits is set by city councils and those listen to the capital as the latter can choose where to create jobs.
[ Parent | on HN ]
Re:Rents for the rich are going down, rents for the poor are... by totalZero on Monday March 22, 2021 @06:09PM (#26547980)
> the latter can choose where to create jobs

Jobs such as "city councilman," for example.

[ Parent | on HN ]