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by soVeryTired
3200 days ago
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>He didn't anticipate our bosses taking all the profits from our productivity gains, though. He also didn't anticipate zero-sum competition for inflexible goods like housing. If I want a nice house in a decent city, I have to out-compete and out-borrow everyone else who might want that house. If everyone around me is making bank and I want the nice house, then I'd better make bank too. Lots of us end up working more than we'd like, in a delicate balance between our desire for stuff and our tolerance of overwork. Life would be a whole lot easier if we could control our desires but it's easier said than done. |
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if you consider good housing to be only within a certain distance of some CBD, then yes, housing is zero sum. But there's lots more space available than humans right now, and relaxing the distance/centrality requirement will greatly increase the pool of available housing (and hence, "cheaper").
The only winner when everyone tries to outbid for a small amount of housing is the original owners.