Hacker News new | ask | show | jobs
by BrenBarn 4 days ago
Smooth it out for who? If the answer is "the person who owns a $20 million building" then my answer is "I don't care".
1 comments

Not caring is why we are in this place where rent doesn't go down. Now, maybe it is really is not your problem, but be aware that it is a problem for someone and in turn, you can raise your costs if you are shopping at those businesses. If financials doesn't pencil out, then either the business closes or they raise prices.
> Not caring is why we are in this place where rent doesn't go down.

Not sure what you mean. What I mean is that I am fine with policies that effectively force the building owner to lower the rent (if their net worth is high enough) even if it means they take a loss, because I am fine with forcing people with lots of money to take losses. So the rent will go down.