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by rifung 2832 days ago
I recently moved away from Seattle but that seems correct to me.

I don't think the problem is REALLY Amazon's fault per se, since they are just paying people more than other companies in the area which I think most people would agree is a good thing.

I think the problem is more that we in the US treat housing as an investment which makes people more willing to pay higher prices and to borrow money to buy a house. When people see the housing prices increase then that further raises housing prices.

The issue is that housing prices, and subsequently rent, increasing is not a good thing for society. Even though the value of the house has changed, the house itself hasn't changed at all, and yet people now have less money to spend on other things. The only thing it really does is make banks and people who were already well off enough to buy a house wealthier.

Sadly I have no idea what we can do to solve this that isn't communist.