Message from @fuck12moredeadcops
Discord ID: 630813994827120668
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.
You don’t live in the Bay Area
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
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
Or they have an income so low that they can't afford rent, and a 10% reduction won't get them into an apartment building.
Homelessness happen in high rent cities, a 10% reduction helps people not get evicted
Approaching a solution to homelessness through the lens of the marketplace is usually going to be ineffective. Countries which have near non-existent homeless populations employ Housing First and get them in homes without asking for rent.
@3v6en8 Yeah like I said it'll help people dealing with gentrification, but it's not going to do anything if you're homeless
Again that’s not accurate
Alleviating the housing market in the aggregate helps homelessness