Re:Manhattan rents cross $5k threshold for first time
by mschuster91 on Thursday July 14, 2022 @12:26PM
(#32098128)
> The only sustainable way to get affordable housing is when the market price is affordable.
And the only way to reduce the market price to affordable rates is to crack down on the demand - there is no reasonable way to expand the offer side in many cities any more since they don't have the space. And most demand is driven by the fact that rural areas have been left in a decrepit state for decades: highways, bridges and other infrastructure is crumbling, there is no public transport worth the name, forget about fast internet (or fast internet offered by a crap monopolist), employers have closed down or moved to urban areas, schools and medical services are constantly closing or underfunded...
To fix the urban rent explosion problem, we need to fix rural areas and make them livable again.
And the only way to reduce the market price to affordable rates is to crack down on the demand - there is no reasonable way to expand the offer side in many cities any more since they don't have the space. And most demand is driven by the fact that rural areas have been left in a decrepit state for decades: highways, bridges and other infrastructure is crumbling, there is no public transport worth the name, forget about fast internet (or fast internet offered by a crap monopolist), employers have closed down or moved to urban areas, schools and medical services are constantly closing or underfunded...
To fix the urban rent explosion problem, we need to fix rural areas and make them livable again.