The REAL Problem with "Luxury Housing"

doodledup , 3 hours ago

A lot of people (especially on Reddit and Lemmy too) don’t understand even the basics of economics. They see “luxury” and immediately make their judgement. “The rich”, “up there”, and “elite” are probably the most used words in comments. Not everything is immediately a conspiracy. Most of it is just basic economics. Plain and simple.

LibertyLizard OP , 3 hours ago

Well, unfortunately economics can still involve some level of conspiracy at times. And even basic economics can get quite complicated!

But I agree with you otherwise. Even though I am very critical of the existing economy and think it should be radically changed, I think you have to seek to understand and engage with economic data and research in order to build an informed critique. Obviously most people are not very economically literate but I find it especially annoying with those who are passionate about these topics. At a certain point that ignorance can only be sustained willingly.

I would love to see more informed economic discussion here, particularly on how left politics can be more economically rigorous. I think our ideals are sound, but how we achieve them needs to be informed by the real facts and not what we wish they were.

neuracnu , 52 minutes ago

A video sponsored by a housing developer, suggesting that the real problem with the cost of housing is high taxes and the pesky nay-saying public.

They also never mention the high and increasing vacancy rate of newly built luxury housing. Just trust us! Rich people will move in soon!

Just across the border from Vancouver, the Seattle Housing Authority is rebuilding modern apartment complexes that are actually intended for low income, disabled and first-gen immigrant residents, not luxury condos that some theoretical rich person maybe might buy someday.