News for hackers. Stuff that matters.

A comment on Homelessness rises faster where rent exceeds a third of income (2018). Parent comment

Re:Homelessness rises faster where rent exceeds a third of i... by bennysomething on Monday January 03, 2022 @01:39PM (#29784475)
I honestly believe my friends aren't motivated by keeping their house price up, they just don't understand simple supply and demand. I tried explaining rent controls don't work, they even agreed but said "something must be done". Rent control is the easiest solution to justify and implement. I really wish supply and demand was taught in schools.
[ Parent | on HN ]
Re:Homelessness rises faster where rent exceeds a third of i... by coding123 on Monday January 03, 2022 @01:51PM (#29784630)
Rent control also has the opposite negative effect of causing a lot of people to stay still forever, causing the only AVAILABLE rentals (that all smell like cat pee, laundry detergent/freshner and next door to basketball hoops) to be $3500 a month.

If the rent wasn't controlled then the nice apartments would be available at $3500 and the pee/laundry baskebetball ones would be available at least at $700/mo for those that need housing.

[ Parent | on HN ]
Re:Homelessness rises faster where rent exceeds a third of i... by phillypham on Monday January 03, 2022 @02:34PM (#29785320)
Serious question. What's wrong with living next to basketball hoops? I live across the street from one in NYC and consider it a big positive to have a park nearby.
[ Parent | on HN ]
Re:Homelessness rises faster where rent exceeds a third of i... by pgwhalen on Monday January 03, 2022 @03:03PM (#29785856)
My guess would be noise. A basketball hoop across the street is an amenity, but one right outside the window might be an annoyance.
[ Parent | on HN ]
Re:Homelessness rises faster where rent exceeds a third of i... by simplestats on Monday January 03, 2022 @02:49PM (#29785600)
Presumably the noise. It's a pretty common source of friction between neighbors.
[ Parent | on HN ]
Re:Homelessness rises faster where rent exceeds a third of i... by coding123 on Monday January 03, 2022 @02:49PM (#29785609)
They can be noisy when there's a kid just shooting for half the day. If you're outside of the noise shot and you have good insulation, then it's probably fine.
[ Parent | on HN ]