Re:The Rise of the Forever Renter Class
by omegaworks on Friday May 10, 2024 @01:54PM
(#40321853)
> demand has far outstripped supply for decades
Why has this been the case in every area in our country? Because we have a policy at the national level that encourages speculation and hoarding. The problem is not just supply, we have a national aversion to shaping demand.
> The problem is "solved" in areas that aren't as popular,
The problem is absolutely not solved, in any place in our country[1]. You used to be able to maintain a minimum standard of living on a single wage earner's salary. That is not the case, literally anywhere in this nation any more.
Why has this been the case in every area in our country? Because we have a policy at the national level that encourages speculation and hoarding. The problem is not just supply, we have a national aversion to shaping demand.
> The problem is "solved" in areas that aren't as popular,
The problem is absolutely not solved, in any place in our country[1]. You used to be able to maintain a minimum standard of living on a single wage earner's salary. That is not the case, literally anywhere in this nation any more.
1. https://www.vox.com/2015/5/28/8679889/minimum-wage-housing-m...