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0 pointsdiscreteevent11d ago0 comments

Buy up all the property in an area and raise the rents in order to force other people to give them their hard earned cash so that they can spend it on a yacht in Monaco.

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3 comments · 1 top-level

nlitened11d ago· 2 in thread

They don't force anybody though. People who think that the renting is too expensive and is not worth paying, are free to either 1) move to a place that has cheaper rent, or 2) build a new house from scratch since it's cheaper than renting.

Price of rent increasing in desirable locations is not due to greed or collusion of bad actors (as long as government prevents monopolies), it's due to more people competing to live in a place that can house only a limited number. Of course everybody wants to live in big cities in the US. But rent is very cheap in dying small towns in the middle of nowhere.

robotnikman11d ago

>Of course everybody wants to live in big cities in the US. But rent is very cheap in dying small towns in the middle of nowhere.

Another reason why WFH should become more of the norm, it will help solve the issue of expensive housing an rent since it means people could live in these less expensive towns and still be able to work.

Starman_Jones10d ago

That’s also true of companies that AOC wants to raise taxes on. She’s not forcing anyone to pay those taxes. Companies that don’t want to pay those taxes are free to relocate away from America, abandon selling to the US market, and cut themselves off from the American labor supply. Of course every company wants to be successful in big cities in America. But taxes are very low in dying small countries in the middle of nowhere.

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