Re:“Blue Mind Theory”
by TeMPOraL on Sunday June 11, 2023 @05:06PM
(#36285681)
> the problem was that the wealthy were buying the housing, rather that only the wealthy could buy the housing
Those are actually the same problem. The wealthy can buy housing faster, more decisively than the less wealthy. They may also push out the less wealthy, simply by offering them an above market price. And as the wealthy start to buy up housing in an area, the prices start to go up, and soon become high enough that only the wealthy can buy.
Those are actually the same problem. The wealthy can buy housing faster, more decisively than the less wealthy. They may also push out the less wealthy, simply by offering them an above market price. And as the wealthy start to buy up housing in an area, the prices start to go up, and soon become high enough that only the wealthy can buy.