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They want more jobs to be available at wages where they can afford to buy or build houses. I would be careful to read into these things too much.
by pylua 2y ago
They want more jobs to be available at wages where they can afford to buy or build houses.
I would be careful to read into these things too much.
- jonathanyc 2y agoYou might have replied to the wrong comment. You are talking about people wanting better paying jobs. I am talking about people wanting their house to be an investment. Perhaps you are implying that even if the price of houses increases, if wages increase at the same rate, then they will cancel out? If so you are describing inflation, and the real cost of houses will be unchanged. Alternatively, if you are implying that the solution is for everyone's wages to increase faster than the prices of houses increase, then the consequence of your solution is that houses will no longer be anywhere near as attractive of an investment. Setting aside any moral considerations, it simply does not make any rational sense to wish for the price of a necessity to increase while also wishing for it to become more available. Imagine wishing for food to become more expensive while also lamenting that people can't afford food!
- pylua 2y agoThe ideal situation is that people that move to the area are able to make enough wages to pay for the appreciation in the house. I reject any premise that suggests it is not a possible scenario. I will admit that it is not possible given how our economy is doing, but that should change. However, if the economy was healthier that’s what it should look like, and that’s what people should be wanting from its government. I think the problem is debt. The power of debt has outstripped any buying power of an individual worker.