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Joined 3 years ago
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Cake day: July 17th, 2023

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  • Ok here’s a counterpoint, sure the world sucks in that all the things you mentioned are happening, but also - compared to the conditions we were genetically programmed to endure, modern life is amazing. For the vast majority of people, our base biological needs are met effortlessly. The majority of human existence has historically been a struggle for calories. Like, thats it. That’s 99% of your life: either hunting, foraging, farming, or directly supporting the people in your family who do. Also, the strong dominating the weak wasn’t even questioned it was just a fact of life.

    Transport one of those people from the hunter-gatherer/bronze age/iron age/midevial era and they would be ecstatic in the modern day. Try to tell them about Netanyahu or Trump and they would probably say “wow they sound like an asshole but not as bad as the guys I had to deal with”.

    There are no objectively good or bad human conditions. Things can always be better or worse. People’s emotions and perception of human conditions, therefore, are all about whether they perceive things are getting better or worse. The good part about that is it gives you agency. All most people have to do to be happy is improve their quality of life, or adjust how they perceive the world in order to give themselves a more positive outlook.

    Tldr get tf off of Lemmy and the rest of social media






  • The average number of occupants doesn’t change because everyone will still be living somewhere (excluding homelessness but we can ignore that). However, that does not mean cohabitation and second houses are irrelevant.

    • Some people who were previously cohabiting (not renting) will buy homes
    • Some people will buy second (or third, etc) houses.

    Both of these scenarios are excluded from your example above. As a consequence of them, some renters will have to start cohabiting (or become homeless). The fact that there are more people who want to rent their (own) place then there are rental units will drive up rental prices.

    https://pubs.aeaweb.org/doi/pdfplus/10.1257/aer.20181289

    Here you go.

    Using a 1994 law change, we exploit quasi-experimental variation in the assignment of rent control in San Francisco to study its impacts on tenants and landlords. Leveraging new data tracking individuals’ migration, we find rent control limits renters’ mobility by 20 percent and lowers displacement from San Francisco. Landlords treated by rent control reduce rental housing supplies by 15 percent by selling to owner-occupants and redeveloping buildings. Thus, while rent control prevents displacement of incumbent renters in the short run, the lost rental housing supply likely drove up market rents in the long run, ultimately undermining the goals of the law.





  • Yes, again, I agree with you that the landlords will have to reduce their prices because there will be a temporary housing glut. Although, they might just let them sit unused off the market until prices recover.

    But the houses will get sold. There’s a housing shortage everywhere.

    Yes, in your scenario, assuming that all the houses must be sold and nobody is allowed to buy a second home (which would happen in the real world as the prices drop) and nobody becomes homeless (which would also happen), all those houses would go to previous renters. The remaining renters are those who are in the most financially weak situation - even as property prices drop and rental prices go up they still couldn’t afford to buy before the market stabilized. In this market there is now going to be pressure driving down the prices of homes and driving up the price of rentals.





  • When someone decides to sell a good because market conditions have changed, the price of the good goes down

    Yes i agree with that part

    Rental prices are proportional to overall housing prices. In general, more homeowners is correlated with lower rents. Renters are also removed from the market.

    That is correlation without causation. When there isn’t enough housing, rent and property prices will both be high. However, if properties get taken off the rental market and are put up for sale instead, with no changes to population or overall housing supply, that is going to drive up rental prices. There will be fewer people renting, by necessity, but the people who want or need to rent will not change by as much, creating an imbalance between supply and demand that will drive up rental prices.

    Not to mention another thing we haven’t touched on which is why landlords are leaving in the first place. Those who remain in the now-less-profitable environment may try to raise rent to compensate.