Ah, yes, illegal immigrants with their high paying jobs buying up all the houses. Even assuming rent goes down when you remove tenants from an area (supply and demand, because how do you convince people to move into the path of the brown shirts) the question is about HOME prices. Rents are impacted by home prices, yes, but after the cost of permitting and materials, it’s ‘cheaper’ to build a second floor and raise the price by $200k than it is to build affordable homes - meanwhile the cost of smaller homes has exploded because venture capital buys them up for rentals.
If that study had any legs, or you any confidence in it, you would’ve linked it in the first place.
DudleyMason@lemmy.ml 6 days ago
Yeah. Fuck it. Let’s blame immigrants. Any ol’ port in a storm to avoid acknowledging the role of commodified housing and bipartisan neoliberalism for forty fuckin years amirite?
Supply and demand mean nothing in the market unless someone can use them as an excuse to price gouge. That goes dou ly for housing. Build hundreds of new units every month and rents still don’t fall, because landleeches know that “every seller in the market wants too much, I’ll do without until prices fall” isn’t a valid choice for housing.
Go ahead and drop a link to that study here, we’ll all disembowel it for you and have a good laugh at how gullible you’d have to be to attribute it to fewer immigrants and not to the massive loss in desireability for a neighborhood where masked secret police are disappearing neighbors in the middle of the night.