return2ozma@lemmy.world to News@lemmy.world · 1 year agoRenters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years agofortune.comexternal-linkmessage-square158fedilinkarrow-up1786arrow-down110
arrow-up1776arrow-down1external-linkRenters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years agofortune.comreturn2ozma@lemmy.world to News@lemmy.world · 1 year agomessage-square158fedilink
minus-squareiopq@lemmy.worldlinkfedilinkarrow-up1arrow-down1·1 year agoThat would increase hotel prices, making hotel owners purchase more land and build hotels until the equilibrium price is reached It’s a short term fix that eventually loses to market forces
minus-squareNaboo_calls_for_aid@sopuli.xyzlinkfedilinkarrow-up1·1 year agoEven if it ends in more hotels, hotels fit more people and supply more jobs than the equivalent space in houses. For temporary lodging houses don’t make sense.
minus-squareiopq@lemmy.worldlinkfedilinkarrow-up1·1 year agoWe should build large apartment buildings, actually. And I don’t mind temporary housing in an apartment building, I lived in one for a month.
That would increase hotel prices, making hotel owners purchase more land and build hotels until the equilibrium price is reached
It’s a short term fix that eventually loses to market forces
Even if it ends in more hotels, hotels fit more people and supply more jobs than the equivalent space in houses. For temporary lodging houses don’t make sense.
We should build large apartment buildings, actually. And I don’t mind temporary housing in an apartment building, I lived in one for a month.