Tuesday, August 14, 2018

i expect that the sad fact is that there's going to be a lot of evictions in the next 2 years.

and, it's going to drive rents back down again...

i mean, the boost isn't being driven by an increase in wealth, it's being driven by a decrease in supply. and, that is why it's unsustainable. you can only squeeze poor people so far, before there's nothing left to squeeze, and you have to throw them out - but then the opposite problem happens, and you end up with empty units that nobody can afford, unless the rents come down, which is what should have happened in the first place, rather than the eviction.

1) the low vacancy drives the rents up
2) the rents become unaffordable for poor tenants
3) these tenants get evicted
4) because there is no wealth creation happening, the vacancy rate increases. 
5) rents fall back down again

but, how long does that take?

and, am i even going to want to stay here post-discography, anyways?