Sir-Jawn

Sir-Jawn t1_iykabea wrote

Most buildings that are affordable today were once built as “luxury”. When it costs $450k per unit to build a building and years of bureaucratic red tape, you need to charge a certain rent level or else the whole project loses money.

More housing units is what keeps housing prices down. We should welcome more. It’s supply and demand.

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Sir-Jawn t1_iujtfkk wrote

When the market is willing to pay $15 for that widget, then that’s the market price. There is enough demand to sustain $15. If your theory were true, a company would swoop in, build widgets for $11, and sell them for $13-14 undercutting competition. Why aren’t competing companies doing that?

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Sir-Jawn t1_iujgcls wrote

For fucks sake. You guys will believe anything to defy basic economics 101. If supply/demand doesn’t dictate prices, and companies can charge whatever they want like you claim, why weren’t we seeing high inflation pre-Covid?

It’s supply and demand. We are having supply issues while we simultaneously juiced demand through unprecedented fiscal and monetary stimulus. Any economist could have predicted this (and many did).

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Sir-Jawn t1_isyws1k wrote

Nothing unique which to me is a good thing. He understands the business climate here, understands the actual mechanical inefficiencies of our city governance that are holding back economic growth, and he wants to crack down on violent crime.

I guess the only unique thing - now that I think about it - is he works hard.

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Sir-Jawn t1_isxaof8 wrote

That’s what I was thinking. A friend of mine lost a parent (who I never met) and i just said a simple “I’m so sorry, I hope you’re hanging in there. A lot of people are thinking about you and here for you if you need anything.” Can’t imagine throwing in something like “I see they liked woodworking, they must have been talented”, having never met them before and never talking about woodworking with this friend before.

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