Message from @cody

Discord ID: 630814196161839133


2019-10-07 17:06:44 UTC  

that'd be fantastic

2019-10-07 17:06:52 UTC  

so you get 480 dollars a year

2019-10-07 17:07:02 UTC  

also don't you share with a roommate?

2019-10-07 17:07:22 UTC  

imagine if you didn't, the you would save 960 dollars a year

2019-10-07 17:07:29 UTC  

I pay like around 400, if our rent was reduced 10%, I'd only pay 40 less a month

2019-10-07 17:07:34 UTC  

THat's not a significant change.

2019-10-07 17:07:50 UTC  

Hey man that's a streaming service subscription

2019-10-07 17:07:53 UTC  

What is significant?

2019-10-07 17:08:26 UTC  

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.

2019-10-07 17:09:03 UTC  

You don’t live in the Bay Area

2019-10-07 17:09:03 UTC  

mortgages only work for middle class buying housing and such, while rent helps everyone who rent

2019-10-07 17:09:09 UTC  

Or on either coast

2019-10-07 17:09:14 UTC  

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.

2019-10-07 17:09:28 UTC  

That’s just not accurate

2019-10-07 17:09:29 UTC  

yeah, cities have higher cost than 800

2019-10-07 17:09:36 UTC  

I live in Atlanta

2019-10-07 17:09:46 UTC  

There's not housing for less than 1000 downtown

2019-10-07 17:09:47 UTC  

But like

2019-10-07 17:09:53 UTC  

Nobody doing what I do for work lives downtown.

2019-10-07 17:10:21 UTC  

mamma mia

2019-10-07 17:10:24 UTC  

here we go again

2019-10-07 17:11:28 UTC  

We’re talking about the Bay Area and NYC

2019-10-07 17:12:17 UTC  

We’re talking about the Bay Area and NYC

2019-10-07 17:12:21 UTC  

My rent is $2000

2019-10-07 17:12:59 UTC  

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

2019-10-07 17:13:20 UTC  

Right, but that’s where the homeless problem is the greatest

2019-10-07 17:13:26 UTC  

Homeless people

2019-10-07 17:13:29 UTC  

have no income

2019-10-07 17:13:31 UTC  

Decreasing rent

2019-10-07 17:13:33 UTC  

won't help them

2019-10-07 17:13:54 UTC  

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.

2019-10-07 17:15:02 UTC  

Homelessness happen in high rent cities, a 10% reduction helps people not get evicted

2019-10-07 17:15:16 UTC  

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.

2019-10-07 17:15:39 UTC  

@3v6en8 Yeah like I said it'll help people dealing with gentrification, but it's not going to do anything if you're homeless

2019-10-07 17:15:43 UTC  

Again that’s not accurate

2019-10-07 17:15:58 UTC  

Alleviating the housing market in the aggregate helps homelessness

2019-10-07 17:16:19 UTC  

More homes = lower cost

2019-10-07 17:16:21 UTC  

What does a 10% reduction to rent do for someone on Skid Row?

2019-10-07 17:16:21 UTC  

GG @fuck12moredeadcops, you just advanced to level 2!

2019-10-07 17:16:52 UTC  

Well, if they were kicked out of their house because they couldn’t afford rent, it lets them move back into their house

2019-10-07 17:16:58 UTC  

So they’re no longer homeless