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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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20977858 No.20977858 [Reply] [Original]

How do we make sure it never happens again that rent climbs to over half of the average person income?

>> No.20977873

https://www.cnn.com/2020/07/31/us/hartford-sword-homicide-trnd/index.html

>> No.20977904

probably stop devaluing fiat exponentially against consumer goods
alternatively do not denominate your income in fiat

>> No.20977923

>>20977873
Nice Zelda sword tho.

>> No.20977950

These people make $100-250k though. They're just leftist tech worker nutcases.

>> No.20978015

>>20977950
Plus you know those guys are getting laid.
Of course they have to do it in the shower stall, but still.

>> No.20978022

>>20977950

>$100k
....
$100k in Mountain View kek

>> No.20978026

Is the fed the reason housing is more expensive? I mean lowering interest rates must have some kind of effect on housing prices right?

>> No.20978266
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20978266

>>20977858

>> No.20978346

>>20978266
BASED

>> No.20978531

>>20978015
No.
They're not.

>> No.20978779

>>20978266
*ahem*
Based

>> No.20978810
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20978810

make your own house in the middle of nowhere

>> No.20978828

>>>/pol/
And kys

>> No.20978830

>>20978531
If I was in that situation I'd be getting laid.
Close proximity with lots of young women sex is going to happen.
Want to know how I know you suck at pulling tail?

>> No.20978850

>>20977858
is this a shelter? if so thats some pretty piss poor space management

>> No.20978856

>>20978266

Wats that bucket for doeeee

>> No.20978882

>>20978856
Dish water run off.

>> No.20978897

>>20978015

This.

>live here for cheap
>be constantly surrounded by young women

>> No.20978905

>>20977873
Hartford is a hellhole

>> No.20978965

>>20977858
By having wealthy people who actually pay taxes

>> No.20979022

>>20977858
Don't wanna pay rent anymore? Buy 1M ARPA and wait until you hit $1,000,000 USD. Sell. That's it.

>> No.20979113

>>20978026
Interest rate is the major cause. A normie looks at their monthly payment. A normie realtor tells you not to think about price but what you can afford

>> No.20979154

>>20977858
did anyone save the Auschwitz edit? i fuckin deleted it

>> No.20979167

>>20978026
Nah. It's the banks loaning evr larger amounts out for houses. They keep giving huge loans to anyone and that drives up the prices.

>> No.20979198

>>20979113
very low interest rates
banks giving loans they shouldn't on mass
restrictive building regulations block free market solutions
chink millionaires money laundering
job market highly centralized around cities

>> No.20980257

>>20979198
I think less interest means less people can afford the loans because the required principal is higher or something?
Because otherwise it means that housing should be cheaper...

>> No.20980395

>>20980257
low interest rates doesn't make housing cheaper, it makes loans cheaper, which means the price gets bidded up much more than could normally happen, which makes housing artificially more expensive.
If people couldn't get any loans for housing it would go back to the historical equilibrium of 2-3x annual income.

>> No.20980635

>>20977858
>How do we make sure it never happens again that rent climbs
stop moving to popular cities you fucking retards

>> No.20980781

>>20977858
>How do we make sure it never happens again that rent climbs to over half of the lowest working person;s income?

>> No.20980861

>>20977858
imagine the smell

>> No.20981298
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20981298

>>20977858
end the feudal relationship. Adam Smith was fervent in describing rent seeking as parasitic in nature. Before a bunch of retards flood the thread. Understand, the price of rent is not based on any sort of rational market value. It's based on how much a given lord can squeeze out of the serf. It will always trend towards the highest possible price in order to exploit the serf unless the serf in question is a massive corporation like apple than can throw influence around in other ways. In other words, monopolies win normal people get treated as slaves. Rent-seeking must be abolished in order to have a free market.