nbafantest @ nbafantest @lemmy.world

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2 yr. ago

We can literally build as much housing as we want. If a corporation want to invest in housing, it is a good thing. Build baby build.

You're the MVP

The loopholes of that tax code certainly do not exist today.

I was referring to this, not the laffer graph

And what is that limit?

The price of rent is caused by wildly popular limits on construction of new housing.

"The top tax rate bracket in the US was over 90% from 1944-1963."

Discussing this without mentioning the ridiculous loop holes is either ignorance or bad faith. And I don't care for either.

Then... What is the limit to how much housing we can put on 1 acre?

"We think that markets are by far the best way of organising most human affairs that involve scarce resources, because they align people’s incentives in ways that communicate where resources can be be used most efficiently, and give people reasons to come up with new ways of using existing resources."

If there exists another system that can do this more efficiently, it hasn't been discovered yet.

What's going to happen if tax rate increases keep decreasing revenue?

If private equity wants to invest in housing, that's great.

There is no fundamental limit on how much housing we can build.

You only have to look into this very thread to see even people screwed over by the housing market also don't want there to be more housing.

It's clear preventing housing from being built has become entrenched in Americans on the left and the right.

Again, there isn't some magical limit to the amount of housing we can build. If a big bank wants to keep lots of Units empty and drive up the price.... a high price is a market signal to produce more housing.

@Dieinahole@kbin.social is just being nice enough to let us know @guyrocket@kbin.social is part of the shadowy elite cabal

This is a well known econ effect. When you tax something, markets become less efficient

One thing I've noticed is that people I know have 2 problems.

1. they might not know what things should cost. If the prices rises, I notices it right away. I shop at the same grocer and know the standard price of everything I buy. I notice a price increase when I pull it off the shelf. Most my friends don't notice a price increase until they check out.
2. My friends that do notice a price increase never substitute or change their meals. They will still buy the same meals. Even if the stuff they need go on sale every other week. I've found that usually most my stuff I can still buy on sale at least 1 or 2 times per month.

These two problems mean that our generation doesn't really put much pressure on stores to keep prices low.

Rent: Housing costs in America are entire caused by a supply shortage due to limitations on supply. We can literally build as much housing as we want and set the market rate at anything, but since the 60s America hasn't built much and the little we have built has been expensive single family homes. This is a choice voters have made for 60 years, but voters can also make other choices.

The vast majority of Americans own houses

This is completely wrong lol

Rent is increasing because there are millions more people but we haven't built enough housing since the 60s. The US is now 5million houses short, and this shortage is entirely caused by cities preventing construction of everything but single family homes.

"No reason for rent to be increasing"

What a bullshit statement.

I've always considered being mass downvoted on any platform a good thing.