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by blacksmith_tb 309 days ago
"A small group of people [who] make our cities unlivable"... you mean, real estate developers?
2 comments
ecshafer 308 days ago
How does a company that builds buildings make cities unlivable? Replacing some SFH with an 8 unit apartment or whatever would make the city more livable.
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hombre_fatal 308 days ago
The people who are regularly blocked from building housing are the ones making our cities unlivable?
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blacksmith_tb 308 days ago
Well, I was obviously kidding, developers who build overpriced housing, or unneeded office or retail are part of the problem just like developers who build homes, especially affordable ones, are part of the solution.
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ahmeneeroe-v2 308 days ago
Developers can't build "overpriced housing". If it's overpriced, it won't sell and the developer loses money until they right-price it and it sells.
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blacksmith_tb 308 days ago
Ah, the wisdom of the market. I could rephrase that as "housing targeted for the rich" who are already pretty well-served, unlike the poor.
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ahmeneeroe-v2 308 days ago
It's not the "wisdom of the market" it is simply that pricing isn't set by the seller, it is set by a dynamic process between seller and the buyer.

If you don't believe me, try selling a luxury good targeting a rich buyer on FB Marketplace and see if you can set the pricing arbitrarily high.

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locao 308 days ago
You're completely missing the point. Unless your name is Ferrari or something like that, you didn't build said luxury item.
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