11-21-2017, 08:32 PM
It's a legitimate problem with desirable, area-limited cities. At some point, rich investors start buying up properties not to live there, and not to rent, but as investments.
Happens in NYC and London, prolly other places too. I don't know what the answer is, but it seems to me that it's one of the great real-world problems unaddressed by modern economics. (Another one is why we all have to keep running faster just to stay in the same place; another is how is automation going to help the world when only wealthy people and companies can afford to own wealth-producing automation.)
Happens in NYC and London, prolly other places too. I don't know what the answer is, but it seems to me that it's one of the great real-world problems unaddressed by modern economics. (Another one is why we all have to keep running faster just to stay in the same place; another is how is automation going to help the world when only wealthy people and companies can afford to own wealth-producing automation.)