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A comment on Commercial property deals in the US are starting to pick up at deep discounts. Parent comment

Re:Commercial property deals in the US are starting to pick ... by rightbyte on Thursday February 15, 2024 @05:28AM (#39381053)
> But they'd still have the same choice they have now. Pay more for something better.

It doesn't work like that. With cheap cells the low wages will adjust since some people are prepared to live in those, underbidding people that want to be able to see the sun in a race to the bottom.

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Re:Commercial property deals in the US are starting to pick ... by AnthonyMouse on Thursday February 15, 2024 @12:37PM (#39385599)
> With cheap cells the low wages will adjust since some people are prepared to live in those, underbidding people that want to be able to see the sun in a race to the bottom.

That isn't how wages work. They're set by the local supply and demand of labor.

By your logic there would be no point in making housing more affordable at all because employers would just lower wages.

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