Re:Damaging Results of Mandated Return to Office – It's Wors...
by losteric on Tuesday June 27, 2023 @10:14PM
(#36501490)
Skyrocketing rent demonstrates the strong demand for such environments. Prices would fall if there were more competitive cities.
Re:Damaging Results of Mandated Return to Office – It's Wors...
by lghh on Tuesday June 27, 2023 @11:41PM
(#36501986)
Or low supply.
Re:Damaging Results of Mandated Return to Office – It's Wors...
by kpw94 on Tuesday June 27, 2023 @10:33PM
(#36501583)
The solution is a local inflation:
You have to raise everyone's wages, prices, etc until there's an equilibrium (finally too expensive for digital nomads? no more rising rent prices). But it's not something that can be done easily/overnight.
This is how these places would have "a lot to gain". If it's just rent prices going up, the nomads & the local landlords are the only one benefiting and everyone else is upset.
Why do the people living in those cities feel so strongly that this isn't the case[1]? How does the city administration deal with skyrocketing rents?
[1] https://www.euronews.com/travel/2023/05/12/proto-gentrifies-...