On: High-income job losses are cooling housing demand

[zeroonetwothree]

Rent control is fundamentally unfair and socially undesirable. We should encourage labor mobility, not discourage it.

CA has a similar issue with prop 13 for housing which I also oppose.

Also it’s silly to say the US housings market doesn’t work for “most people” considering the home ownership rate is above 60%

[archagon → zeroonetwothree]

“Labor mobility” sure is a nice way to say “kick people out of their homes and separate them from their communities.”

[aianus → archagon]

No, labor mobility means YOU can take a better job across town that pays 20% more without causing your rent to triple.