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A comment on Housing is at the root of many of the rich world’s problems (2020). Parent comment

Re:Housing is at the root of many of the rich world’s proble... by newsclues on Wednesday August 17, 2022 @07:45AM (#32494943)
I’m not sure.

At a certain point, if landlords strangle renters it can make hiring hard (workers can’t afford Cost of living if rents are too high), thus making the business environment uncompetitive.

Will the business community have more power than landlords?

I think so, eventually.

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Re:Housing is at the root of many of the rich world’s proble... by bbarn on Wednesday August 17, 2022 @10:30AM (#32496927)
So far the business community's response has been "no one wants to work." because they can't afford to pay salaries.

Ultimately, people vote with their feet, or government intervenes on behalf of those who would lose money.

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Re:Housing is at the root of many of the rich world’s proble... by newsclues on Wednesday August 17, 2022 @12:25PM (#32498401)
In Canada business and government says this stuff, to justify importing immigrants to work for low wages and often lower standards of living.
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Re:Housing is at the root of many of the rich world’s proble... by randomdata on Wednesday August 17, 2022 @01:22PM (#32499170)
Importing immigrants in Canada requires that the employer provide suitable housing for the imported workers, so that brings us back to the earlier comment.
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Re:Housing is at the root of many of the rich world’s proble... by newsclues on Wednesday August 17, 2022 @04:44PM (#32501462)
In a lot of documented cases a tim Hortons franchise owner owns rental housing and rents it at outrageous rates to temporary foreign workers.
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Re:Housing is at the root of many of the rich world’s proble... by nradov on Wednesday August 17, 2022 @01:25PM (#32499222)
Peter Thiel agrees and has shifted his investments out of the Bay Area because high housing prices make it too expensive to hire workers there.

https://sf.curbed.com/2018/3/19/17138290/peter-thiel-slumlor...

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