Grimm Nov 5
Not a real estate guy but, as I understand rudimentary market economics, if the number of racist xenophobe cunts who vowed to leave New York if #Zohran won, in fact, leave New York, the drop in demand will see rates going down even before the rent freeze. So win-win, right, capitalism fetish goons?
Show threadGrimm Nov 5
To be very clear, rental rates won't go down, cuz landlords suck and developers are space-optimization vermin and they work with corrupt assholes to make sure "the market" doesn't actually work for normal people. Which, yes, is the thing Smith got wrong.
Show threadBurning Joint USA
They would rather their units sit empty than lower the price. See it all over LA country. Empty building upon empty building, shopping centers with nothing in them, entire skyscrapers left moldering. They would rather let it all sit empty then take anything less than $5,000 a unit. If the demand suddenly drops and supply grows with it, they will just leave the units empty to mimic scarcity. Thats why LA's homelessness crisis looks the way it looks. There are plenty of vacant units. Plenty of people to fill them, they just can't afford the cost of entry.
Nov 5 at 6:30amWeb