I have never posted on Reddit. You people are too special to me to expend any energy elsewhere
Reminds me of this
i don't think i like this analysis but I lack a lot of context
anybody have a pair of roka glasses/sunglasses?
Guys, it's a funny tweet, not analysis.
But anyway, I think the data are pretty clear that building market rate housing brings down rents for everyone, no? I'm fine with trying to push for more "affordable" units, but not if it means fewer or no units actually get built.
No but this reminds me that our friends had a family vacation that overlapped with our trip to OBX recently so we did a beach day with them. One of the guys in the family was unironically wearing American flag swim trunks and those ridiculous Blenders sunglasses that I’ve been seeing tons of ads for recently. He was from Jacksonville so pretty much what I expected.
But anyway, I think the data are pretty clear that building market rate housing brings down rents for everyone, no?
I wish these had been cool when I was in college. Now as a mid-30's suburban dad I can't wear them without being the subject of mocking and derision.
i think the answer is between "kinda" and "it depends"
[h=1]How luxury apartment buildings help low-income renters[/h] New empirical research shows how luxury apartments push down rents for everyone.
Hey look! What's good for wealthy people is good for the poors too! So the government can finance my luxury condo and it will trickle down!
I haven't read the studies but the title that article is suspect enough.
I mean, just read it maybe?
When a new apartment comes on the market, it starts a chain reaction. Often, the person who rents the new apartment is moving out of an old apartment in the same metropolitan area. That creates a vacancy that can be filled by another renter. That person, in turn, may be vacating a third apartment. These “moving chains” can extend for six or more steps, with Helsinki residents playing a game of musical chairs to find better or cheaper housing options.
I read the article. I didn't read the two studies from the Finnish scholars and from Notre Dame.
Surely you agree this is a trickle down effect, right?
I read the article. I didn't read the non-peer revised article by the Finnish scholars and the Journal of Urban Economics article from Mast at Notre Dame.
Surely you agree this is a trickle down effect, right?
I'm probably the dumbest person here, but I think the difference is that it is real, not a theory or what you hope happens. Most of the time when someone moves they vacate another place. That is a real thing that happens. It is different than hoping that the money at the top trickles down to employees or creates more jobs instead of being kept by the top level.