It's almost like if they don't work something bad might happen.
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It's almost like if they don't work something bad might happen.
Sent from my SM-S918U using Tapatalk
But job pay is too competitive and high now and that is driving inflation up. We need to pay people less to slow down inflation. /s
And do nothing about rent/housing prices while we're at it.
The gap between "living really comfortably and making good money" and "I can afford to buy a house" specially along the coasts is ridiculously big. When the majority of single family homes start at about $800k and go up to $1.5m range for a mid range nice but not fancy house it is really hard to get to the point of being able to purchase a house. *Obviously HCOL areas you can get cheap property/houses in the middle of the country.
Gotta broadly legalize apartment/condo construction in high demand metros.
That doesn't help when they finish and cost 3500+/month for 2 bedroom....
There are already too many luxury condos going up and yet rent prices aren't going down.
The point isn't for the brand new buildings to be cheap, it's for the increased supply overall to reduce demand for older, mediocre units.
The extreme example of this is Tokyo, but we're seeing new evidence of building booms caused by broad apartment legalization dropping rents in Auckland.
https://twitter.com/StuartBDonovan/s...SCPY7LryQ&s=19
Very few US cities are building anywhere close to enough units to actually push rents down, especially post-COVID which caused a shift in demand towards more sq footage per person because of WFH.
Chicago just pushed for a city wide pilot program for ADU developments [accessory dwelling unit, i.e. coach houses etc] which is HUGE. Great affordable housing for cheap construction costs, and has the opportunity to bring in a lot of units quickly vs going through the usual process for developing high rises.
This chart is wild
https://twitter.com/AdriendeVriendt/...GojTsWbGQ&s=19
Well no shit they're building a lot of factories. Didnt a whole bunch of states modify their child labor laws to the detriment of children?
https://finance.yahoo.com/news/chica...143112453.html
Walgreens has introduced their new store concept in Chicago. Two aisles of product and the rest of the store behind the counter. Customers would have to use a kiosk to order the product. The new tag line is "Let Us Shop for You."
Since it's Chicago I'd assume it's also to keep people from stealing
To Zealot's point, read up on the rise of the Department Store at the turn of the 20th century which also spurred a lot of skyscraper [10 stories+] design in America.
100? Even less.
"If you come back, we will get a tax write off"