Message from @Platinum Spark

Discord ID: 630814936796233758


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

2019-10-07 17:17:43 UTC  

Okay, if your rent goes up, and you can't afford it, and you decide to stay anyway with no plan to relocate yourself and that caused your homelessness, yeah it'll help you

2019-10-07 17:17:48 UTC  

Honestly for skid row, its needs low income jobs and low income housing

2019-10-07 17:17:56 UTC  

...no

2019-10-07 17:18:06 UTC  

So remember that’s 76% of people

2019-10-07 17:18:12 UTC  

But the market moves as a whole