Reply to Cities with No Children

Forum Index » Real Estate

Reply to "Cities with No Children"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]

Except they never actually build affordable housing. Literally the only thing they build are luxury condos for rich people. It's funny and strange how the rhetoric from affordable housing advocates and big real estate developers is exactly the same. [/quote]

The more new luxury condos they build for rich people, the fewer existing non-luxury condos those rich people are going to outbid non-rich people for.[/quote]

So basically it’s trickle down economics, except with housing. It’s so odd hearing leftie housing affordability people espousing right wing theories.[/quote]

I'm an economist and this is a total mischaracterization.  Housing filters down because most people only need to live in one house.  "Trickle down economics" is really just a statement about tax multipliers, because people whose taxes are reduced consume more goods and services, which leads to greater employment and therefore economic activity.  Just not the same thing at all.

Please don't make false equivalences like this if you haven't at least minimally thought them through.  We economists only have so much time to combat the misinformation that people spread using our theories as justification.[/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