Re:Manhattan rents cross $5k threshold for first time
by mattzito on Thursday July 14, 2022 @08:35AM
(#32095210)
Why would they fill up with low income tenants? Why would that make it undesirable?
[ Parent
| on HN ]
Re:Manhattan rents cross $5k threshold for first time
by namelessoracle on Thursday July 14, 2022 @09:08AM
(#32095588)
Because low income anywhere (rental area or even just low income suburban areas) typically has a population that is less able to invest into their area (in time or money), and historically has shown that they seek an extractive relationship with their environment rather than invest in it.
Re:Manhattan rents cross $5k threshold for first time
by mym1990 on Thursday July 14, 2022 @11:29AM
(#32097299)
Haha "extractive relationship" come on man. Poor people aren't vampires, they need to be resourceful in their environment to survive.
Re:Manhattan rents cross $5k threshold for first time
by feet on Thursday July 14, 2022 @11:18AM
(#32097117)
Are you joking? Poor people are the exploitative ones? That's just entirely false
The entire basis of capitalism in the US is that the work of the poor is exploited by those with the capital to build factories and businesses which extract labor and resources from the poor people
That's why they can't invest. You have it entirely backwards
Re:Manhattan rents cross $5k threshold for first time
by jimmaswell on Thursday July 14, 2022 @03:10PM
(#32100264)
Exactly. Most of a poor person's income will be spent locally every paycheck. Higher income, more is saved or sent offshore etc