Re:Investors bought a quarter of US homes sold last year
by undersuit on Tuesday August 23, 2022 @03:48PM
(#32570447)
How about housing in the most expensive and populated ares in the US is a necessity? If there can't be housing available for all the workers in an area then there needs to be a change. Whether it be higher wages, changes in zoning, or public housing depends on the area, but doing nothing doesn't fix things. Having all the low paying workers commute 2 hours to work every day to make frappes and burgers for the rich locals is not a viable option.
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Re:Investors bought a quarter of US homes sold last year
by nineplay on Tuesday August 23, 2022 @03:56PM
(#32570592)
There are no magic wands here. Property is a limited commodity, it can't be expanded to fit demand.
> then there needs to be a change
No there doesn't
> Having all the low paying workers commute 2 hours to work every day to make frappes and burgers for the rich locals is not a viable option.
Viable is in the mind of the beholder. Viable solutions include
- low income workers moving to more affordable areas, leaving the wealthy to make frappes and burgers with their Kurigs and air fryers
- low income workers continuing to commute feeling it is still the best option for them considering all factors
- wages raise in high-income areas to compensate baristas and chefs, allowing them to move closer to city centers.
All of these are 'viable' and none of them make housing a right or necessity.