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A few drinks in, and I immediately start talking about the inevitable collapse of humanity in the hands of capitalism.
(lemmy.world)
this post was submitted on 20 Apr 2024
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https://news.berkeley.edu/2023/03/14/even-in-small-businesses-minimum-wage-hikes-dont-cause-job-losses-study-finds
In fact, minimum wage earners tend to put a greater portion of their earnings back into the local economy vs. savings and increases help or at least don't impact particularly negatively small business. Neoclassical economics is a joke.
It was a populous example and if you want to get into the weeds on it we could, but it wasnt the important part of the comment.
I love how you guys claim that sort of economics is dumb as you cant afford a house and to feed yourselves. Modern monetary policy is working great!!
Our current economic situation is the product of decades of regulation cutting supply side (aka neoclassical) economics championed by the likes of Thatcher and Reagan, which still dominates today. You know where housing is not unaffordable? Vienna, Austria. A place where better than half the residents live in social housing. The product of a strong government and regulation.
So your theory is that housing is so expensive because of less regulation? And if we had more regulations in how houses are built housing would be cheaper?
Yes, of course. Banning short term rentals for example is a regulation that would put downward pressure on housing prices. Banning investment companies such as Blackrock, Blackstone, etc from purchasing single family homes, duplexes, 4-plexes and the like would do the same. Whereas the lack of regulation around these things has contributed to home price inflation. The idea that people are unable to afford homes because there is too much regulation holds water like a sieve.
That is hillarious, I can tell you dont know anything about how housing built. Have a great day!
It's really frustrating that you read the comment outlining the kind of regulation that would help, yet you somehow think the only kind of regulation possible is "make houses harder and more expensive to build" and dip out of the conversation with a "wow ur dumb lol". It's almost as if you've been arguing in bad faith and have no information to back up any of your takes.
I understand your frustration but what am I supposed to say to someone that just repeats and believes ANY propaganda that their side tells them? What he said is so so far off from what reality is, its literally turned into a cult at this point.
Wait, so this entire conversation you didn't make a single, tangible point or statement, just sarcastically asked questions doubting the possibility of their being another opinion besides your own, and when they answer all of these questions with sources and examples you run away because they're the ones repeating what their side tells them..? And accuse them of being in the cult..
Can't make this up folks.
From the moment he said we need more regulation to make housing cheaper I knew he was just an NPC. Can you convince NPCs of anything?
He certainly tried with you, and demonstrated that you cannot.
ZING!!! The difference is that I know exactly why all the thing that are listed is mere propaganda, I have heard and seen the same bullshit talking points over and over. If you guys want to just do what your team says, that fine, just dont think you are are actually thinking for yourself.
Think about this outside the context of this conversation. Do you understand how this is cyclical thinking? "I don't have to look at the other side's sources or perspective because I already know they're wrong and I'm right." This is the EXACT logic you used with your statement of, "can you convince an NPC of anything?" No, when they think like you, you absolutely cannot, because as you've just stated, you are not receptive to actual discussion, you think you know everything there is to know about both sides of the debate, and you're not willing to engage in anything that you don't already agree with.
You are so blatantly displaying all of the one sided brainwashed traits you think you're so far above, in the same comments you accuse others of being one sided in. God help us.
Edit: also lol at the "if you just want to do what your side says then fine". My guy showed examples of the regulations he's talking about actually working and said, "here's some sources of this working, we could do something similar". Assumedly without reading anything, you blindly said it wouldn't work and hur dur ur dumb lol. Which person is just doing what their side says again? Yeesh.
One big thing you are missing is that I think the other side you are talking about is wrong also.
I dont have a side here, I literally do housing, and I fully understand every aspect of why its expensive. I dont care about narratives, I care about actual facts about why housing is not getting built. You guys are just repeating propaganda that falls apart under the most basic scrutiny. The problem is that if you are not able or willing to do that scrutiny then I am not going to help you, you have made your decision.
If I'm understanding you correctly, when you say you do housing, you mean that you work on the construction side of things, either literally physically building homes or working with companies that do so.
How does this directly relate to, say, regulation on how many vacant homes a rental company can own? Or regulation on zoning / type of housing able to be built in certain areas?
"Housing not getting built" is not the only issue that needs to be addressed, and seeing as it's the only issue you've given any insight on, it's hard to believe that you, a single person in a country full of people trying to figure it out, "fully understand every aspect of why it's expensive." It doesn't matter to the average homebuyer how much a house costs to build, if the company that paid to have it built is selling it for 3x that price, or they're only renting, or they just want to let the house sit to drive supply lower.
There are reasons that houses are expensive to build, and there's reason that houses are expensive to buy. There's obviously a lot of overlap but they are not the same lists. There is regulation that exists that can mitigate the latter without exacerbating the former. You are simply refusing to look at examples.
I will give you the long and short of it; you guys are looking at the insignificant things that account for just a small amount of the problem (cue you googling and finding an alarmist article), the big problem is that its too expensive and hard to build. The reason it is too hard to build is 99% due to what the government does. More regulations will just make it worse.
Yeah, all that housing in Vienna appeared from nowhere.
But sure, you have a great day as well.