@return2ozma to News • 6 months agoRenters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years agofortune.comexternal-linkmessage-square157arrow-up1786arrow-down110cross-posted to: housing_bubble_2aboringdystopia
arrow-up1776arrow-down1external-linkRenters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years agofortune.com@return2ozma to News • 6 months agomessage-square157cross-posted to: housing_bubble_2aboringdystopia
minus-square@iopqlink0•6 months agoThat would increase hotel prices, making hotel owners purchase more land and build hotels until the equilibrium price is reached It’s a short term fix that eventually loses to market forces
minus-square@[email protected]linkfedilink1•6 months agoEven if it ends in more hotels, hotels fit more people and supply more jobs than the equivalent space in houses. For temporary lodging houses don’t make sense.
minus-square@iopqlink1•6 months agoWe should build large apartment buildings, actually. And I don’t mind temporary housing in an apartment building, I lived in one for a month.
That would increase hotel prices, making hotel owners purchase more land and build hotels until the equilibrium price is reached
It’s a short term fix that eventually loses to market forces
Even if it ends in more hotels, hotels fit more people and supply more jobs than the equivalent space in houses. For temporary lodging houses don’t make sense.
We should build large apartment buildings, actually. And I don’t mind temporary housing in an apartment building, I lived in one for a month.