Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Metropolitan DC Local Politics
Reply to "Legit, but dumb question about MoCo (property values & housing)"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]PP above adding that the invisible hand of the market does not work for housing. Housing is closer to healthcare in that there is less leeway to shop around for cheaper options or go without. Housing is something that you can have a “budget” option for only up to a certain extent. If you make $6000/month and should be paying $1500 or less for housing, but can’t find anything, it’s not the same as giving up fine dining or new shoes. There’s only so much long commuting (to find a cheaper place) or packing a bunch of roommates into a shared unit (especially during a pandemic) people will put up with and they will just end up spending too much of their income on rent. So the person making $6000/month will probably end up paying $2000/month in rent and just not spend money elsewhere (this is also bad for the local economy), and landlords will charge high rents because they can. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
