Message from @Platinum Spark
Discord ID: 630813856041533459
In urbanisation, housing are going to cost more in cities where most the jobs are
It's not a complete response to ending homelessness. Something like a Housing First policy or like we both agree single-payer could actually address the core cause of homelessness
Theres always going to be homelessness (as of our current time)
I think you’re underestimating how much a 10% reduction would alleviate housing prices
But sure I agree it’s not a perfect solution
I mean like I'm low-to-middle income. My housing combined with my roommate cost like 800 dollars
10% means I get 40 more dollars
annual or monthly?
Monthly
a 40 dollar reduction doesn't make it accessible to people in lower income brackets.
Jesus christ I'd fucking love to pay 800 *annually* in rent
that'd be fantastic
so you get 480 dollars a year
also don't you share with a roommate?
imagine if you didn't, the you would save 960 dollars a year
I pay like around 400, if our rent was reduced 10%, I'd only pay 40 less a month
THat's not a significant change.
Hey man that's a streaming service subscription
What is significant?
In terms of houses, like if you're taking out a mortgage, 10% is huge, but if you're renting, which is specifically what Warren talks about in that article, it can be miniscule.
mortgages only work for middle class buying housing and such, while rent helps everyone who rent
Or on either coast
Like it sounds big yearly, but when you contextualize that you pay monthly or bimonthly, you're unlikely to notice unless you're paying over a thousand dollars in rent, which low to middle income people aren't doing on the regular.
That’s just not accurate
yeah, cities have higher cost than 800
I live in Atlanta
There's not housing for less than 1000 downtown
But like
Nobody doing what I do for work lives downtown.
mamma mia
here we go again
We’re talking about the Bay Area and NYC
We’re talking about the Bay Area and NYC
My rent is $2000
Sure if you live in like San Francisco or NYC, 10% on your rent as a low-to-middle income person is pretty substantial, but outside of areas NYC, San Francisco, LA, and maybe DC, like in the rest of the country, for renters it's negligible
Right, but that’s where the homeless problem is the greatest
Homeless people
have no income
Decreasing rent
won't help them