The Picard Maneuver@piefed.world to People Twitter@sh.itjust.worksEnglish · 1年前How could this happen? media.piefed.worldimagemessage-square155linkfedilinkarrow-up1943arrow-down17
arrow-up1936arrow-down1imageHow could this happen? media.piefed.worldThe Picard Maneuver@piefed.world to People Twitter@sh.itjust.worksEnglish · 1年前message-square155linkfedilink
minus-squaretwice_hatch@midwest.sociallinkfedilinkEnglisharrow-up6arrow-down6·1年前If they built luxury apartments, rich people would stop renting regular apartments, and the prices would go down
minus-squarepelespirit@sh.itjust.worksMlinkfedilinkarrow-up8arrow-down1·1年前Rich people like cheap apartments too, lol.
minus-squaretheangryseal@lemmy.worldlinkfedilinkarrow-up6·1年前I know a millionaire who lived in a single wide trailer with two bedrooms for most of his life. Finally built a nice brick house in his 60s.
minus-squaredrunkpostdisaster@lemmy.worldlinkfedilinkarrow-up5·1年前People like that are a rare breed. What did the guy do for a living?
minus-squaretheangryseal@lemmy.worldlinkfedilinkarrow-up3·1年前He’s only recently started spending his money. He’ll be 70 in a couple months. He spends it on vacations for his grandkids mostly.
minus-squareNateNate60@lemmy.worldlinkfedilinkarrow-up5arrow-down1·1年前The idea that creating more housing stock will lead to prices decreasing is still economically sound.
minus-squareTest_Tickles@lemmy.worldlinkfedilinkarrow-up2·1年前A lot of places in the us are experiencing a gluten in high end housing… https://archive.is/20250110182457/https://www.wsj.com/real-estate/commercial/the-u-s-has-more-fancy-apartments-than-it-is-able-to-fill-f7bca968
If they built luxury apartments, rich people would stop renting regular apartments, and the prices would go down
Rich people like cheap apartments too, lol.
I know a millionaire who lived in a single wide trailer with two bedrooms for most of his life. Finally built a nice brick house in his 60s.
People like that are a rare breed. What did the guy do for a living?
Owned 7 gas stations.
He’s only recently started spending his money. He’ll be 70 in a couple months.
He spends it on vacations for his grandkids mostly.
The idea that creating more housing stock will lead to prices decreasing is still economically sound.
A lot of places in the us are experiencing a gluten in high end housing… https://archive.is/20250110182457/https://www.wsj.com/real-estate/commercial/the-u-s-has-more-fancy-apartments-than-it-is-able-to-fill-f7bca968