Homelessness rises faster where rent exceeds a third of income (2018)

Re:Homelessness rises faster where rent exceeds a third of i... by dheera on Monday January 03, 2022 @02:00PM (#29784774)

I mean, also, if we know homelessness rises if rent exceeds a third of income, can't we just set laws that say rent cannot legally be more than a third of median income?

When the most luxurious homes drop to that rent price, the standard places will drop even further.

And those landowners that can't afford to maintain it anymore will be forced to sell, increasing supply, and reducing the number of real estate tycoons that squat land without living on it or using it, in turn making ownership cheaper for middle class residents, and reducing the number of people that need to rent. As ownership gets cheaper, property taxes will then crash, which is also good for even cheaper rents.

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Re:Homelessness rises faster where rent exceeds a third of i... by bennysomething on Monday January 03, 2022 @02:12PM (#29784946)

And investment in creating more homes will also drop. You will have attacked a symptom, price, in pursuit of attacking the problem: lack of supply.

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Re:Homelessness rises faster where rent exceeds a third of i... by djbebs on Tuesday January 04, 2022 @04:58AM (#29793147)

Congratulations you've now created a death spiral where housing supply will decrease over the long term and your city will no longer have the cash to fullfil its obligations.

That's how you kill a city.

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