> I can tell you have never owned an apartment or a house.
I own my home and I pay property taxes, nice try though.
> Comrade, I am speaking about "how it works" not "what would be really nice if..."
faced with "the rent going up is a problem for working class people" you're instantly taking the side of investors and positioning it through this lens:
> I want to make sure people understand the dynamics.
the problem is not that people don't UnDeRsTaNd ThE dYnAmIcS, the problem is that the dynamics actively incentivize the creation of an investor and speculator class that owns a substantial portion of the housing stock and drives price up based on speculation and not based on any actual need to use the product. The supply is artificially held low by the investor and speculator class, my argument is that this is actively harmful and that the idea that the only way to raise supply is to build more houses is wrong, because your framing assumes a vacancy rate of zero, which no major city has.
They're specifically framing it as understanding the dynamics and answering the question "What will make rents go down? Only two things". There's very little sympathy or opinion in their post.
I own my home and I pay property taxes, nice try though.
> Comrade, I am speaking about "how it works" not "what would be really nice if..."
faced with "the rent going up is a problem for working class people" you're instantly taking the side of investors and positioning it through this lens:
> I want to make sure people understand the dynamics.
the problem is not that people don't UnDeRsTaNd ThE dYnAmIcS, the problem is that the dynamics actively incentivize the creation of an investor and speculator class that owns a substantial portion of the housing stock and drives price up based on speculation and not based on any actual need to use the product. The supply is artificially held low by the investor and speculator class, my argument is that this is actively harmful and that the idea that the only way to raise supply is to build more houses is wrong, because your framing assumes a vacancy rate of zero, which no major city has.