the_dunk_tank

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It's the dunk tank.

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Lib Green thinks Biden is Doing His Best (www.youtube.com)

submitted 7 months ago* (last edited 7 months ago) by [email protected] to c/[email protected]

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your weekly dose of hankschannel libshit. the description is pure "the president couldn't possibly have lied or made a mistake" copium

HOW IS HIS TAKEAWAY FROM ALL THIS THAT TWITTER IS BAD BUT BIDEN IS GOOD

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[–] [email protected] 22 points 7 months ago (1 children)

I don't agree with libs on this one. More housing doesn't directly relate to more affordable housing. If it was affordable high rises, sure. But the housing we're building is "market rates" and higher and that just doesn't push down prices, it drags prices up.

Housing is an inelastic good and landlords will charge whatever they "can" which is based off other available houses.

[–] [email protected] 12 points 7 months ago* (last edited 7 months ago) (2 children)

I should have prefaced, as a socialist I think we should build more PUBLIC housing. That would address the problem more quickly and directly.

However...

landlords will charge whatever they "can" which is based off other available houses.

Part of the reason they can charge so much is they don't have much competition, any open space is going to have a lot of people competing for it so you can Jack up prices, somebody will probably be able to pay. If there was more selection people could go for cheaper options and landlords wouldn't be able to ask exorbitant prices for subpar properties.

[–] [email protected] 8 points 7 months ago (1 children)

If it reaches the scale of Red Vienna then it definitely starts to have an effect

[–] [email protected] 7 points 7 months ago

Yeah part of the reason the Karl Marx Hof worked is because private landlords now had to compete with this really nice, affordable, housing bloc. You can't charge exorbitant rents if your tenants have a decent affordable option on the plate.

[–] [email protected] 7 points 7 months ago

That is until nobody can afford to pay, then all that land is overvalued and the bubble gets scary again