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Thread: How Rent Spikes Are Creating Fine Dining ‘Deserts’ In New York City

  1. #41
    Established Member NeoVsMatrix's Avatar
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    Quote Originally Posted by TNVolunteer73 View Post
    Lets say there is only 1 mint condition Babe Ruth rookie card.. how much is it worth to a collector?

    Okay we find 10,000 Mint Condition Babe Ruth Rookie cards how much is that card worth after that discovery?


    Okay lets make this more relevant to the situation.

    There is a demand for apartments in Nashville, there are only 40 empty units in the city of 100,000 and 4000 people wanting a unit.

    vs

    there are 40,000 empty apartments in Nashville with only 4,000 people wanting to move into the area.

    which situation creates drives up the cost more when you have 4,000 people trying to secure 1 out of 40, or 4000 trying to secure 1 out o 40,000
    that's not COST.. that's your SELLING PRICE !!! GEEE.

  2. #42
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    Doesn't matter what the supply is, or the demand if no one has the money to drive up prices.

  3. #43
    Veteran Member TNVolunteer73's Avatar
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    Quote Originally Posted by NeoVsMatrix View Post
    that's not COST.. that's your SELLING PRICE !!! GEEE.
    I was talking about the COST TO THE CONSUMER, not the COST OF PRODUCTION. yes supply and demand DOES effect the cost of goods and services for the consumeR
    RENT is the cost the TO CONSUMERS' BOTTOM LINES. The Cost of to deliver the goods and services (which is the cost of production) effects the cost to the consumer. But Supply and demand is a greater driving force in cost to the consumer.

  4. #44
    Veteran Member Dr Sampson Simpson's Avatar
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    Quote Originally Posted by labrea View Post
    It is a consequence of growing income inequality. The wealthy compete with the rest of us mere mortals for "scarce" resources driving up prices, then they scream bloodily murder at the suggestion that they should pay more to their employees so that workers can afford what the wealthy have driven prices up on.

    Its freedom for money, and to hell with human beings for the free marketeers.
    It's amazing how brainwashed so many righties are. They worship greed, just like Reagan started in the 80's. Those low life service workers, they should live in the subways of these cities. They don't deserve to have housing. Cities need those workers that make far too little money to afford to live anywhere in the city. ANd cities are getting better, less crime, so there is no areas to go that might be cheaper. ANd its ridiculous to expect people to be OK with commuting 5-6 hrs a day to work for their low pay. In the bay area, even places 2 hours outside the city are insanely high.
    Thanks from labrea

  5. #45
    Veteran Member Panzareta's Avatar
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    Quote Originally Posted by TNVolunteer73 View Post
    Yes you increase taxes, Renters have to increase rent.. That is what happens when you elect moonbeam as Governor. Income taxes, property taxes, business license fees increase. Hey, that is why 26,000 is a living wage in Atlanta and is 60K in LA.
    Brown can't raise property taxes. Business license fees are county controlled. State Income taxes, car registration, gas taxes, professional licensing fees he can have a say in.

    There has been a huge discrepancy between Georgia and California's cost and standard of living for all of my lifetime.
    Last edited by Panzareta; 2nd August 2017 at 12:01 PM.
    Thanks from labrea

  6. #46
    Veteran Member bajisima's Avatar
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    Quote Originally Posted by Dr Sampson Simpson View Post
    It's amazing how brainwashed so many righties are. They worship greed, just like Reagan started in the 80's. Those low life service workers, they should live in the subways of these cities. They don't deserve to have housing. Cities need those workers that make far too little money to afford to live anywhere in the city. ANd cities are getting better, less crime, so there is no areas to go that might be cheaper. ANd its ridiculous to expect people to be OK with commuting 5-6 hrs a day to work for their low pay. In the bay area, even places 2 hours outside the city are insanely high.
    A friend of mine calls it the "Dobby effect" referring to Dobby the House elf in the Harry Potter series. One who shames themselves or punishes themselves for not being better. Many conservatives do work these jobs but often use punishing language like "if I had only worked harder," or "if I had listened to my parents" or something like that. They believe its the fault of themselves for getting in this type of predicament and not becoming rich and successful.
    Thanks from labrea

  7. #47
    Veteran Member TNVolunteer73's Avatar
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    Quote Originally Posted by Panzareta View Post
    Brown can't raise property taxes. Business license fees are county controlled. State Income taxes, car registration, gas taxes, professional licensing fees he can have a say in. There has been a huge discrepancy between Georgia and California's cost and standard of living for all of my lifetime.
    He proposes and signs legislation passed by the Democrat legislature.. nice try..

    you call them the Bush tax cuts right, why, only congress can raise or lower taxes... Because Bush proposed the bill.

  8. #48
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    How Rent Spikes Are Creating Fine Dining ‘Deserts’ In New York City

    Quote Originally Posted by labrea View Post
    It is a consequence of growing income inequality. The wealthy compete with the rest of us mere mortals for "scarce" resources driving up prices, then they scream bloodily murder at the suggestion that they should pay more to their employees so that workers can afford what the wealthy have driven prices up on.
    This us versus them rhetoric is not even connected to the topic. It's Silicon Valley, even employees are the ones willing to pay triple what your friend was paying. Some markets become more expensive because of much higher demand. There is nothing coherent about the notion that your friend should have some special privilege to pay 1/3 of what the market bears.

    Its freedom for money, and to hell with human beings for the free marketeers.
    Human beings other than your friend are desperate for housing in that area and are willing to pay triple what your friend was paying. Other people lined up searching desperately for housing are also human beings. People who own property are also human beings, and they are surrounded by other human beings were willing to pay them a great deal to use the asset that they own. For people like your friend to be entitled to permanent renter status at suppressed prices would constrain supply for other people that are desperately searching for housing and willing to pay triple what your friend paid. So you are just playing arbitrary favorites without any regard for the inevitability of supply and demand.

    This is the absolute basics of supply and demand. It will never make the least bit of sense the way your us versus them mantra thinks special privileges are owed to certain people whereas other people are somehow evil or not human just because their willingness to pay more for something drives up its price.

    If I don't make enough money to afford housing in Silicon Valley, I don't live in Silicon Valley. If I don't make enough money to live in Manhattan, I don't live in Manhattan. If I don't make enough money to live in Geneva Switzerland, I don't live in Geneva Switzerland. If your friend doesn't make enough money to afford housing in Silicon Valley, your friend doesn't live in Silicon Valley.

    What happened to your friend was 100% fair.
    Thanks from publius3

  9. #49
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    Quote Originally Posted by TNVolunteer73 View Post
    He proposes and signs legislation passed by the Democrat legislature.. nice try..

    you call them the Bush tax cuts right, why, only congress can raise or lower taxes... Because Bush proposed the bill.
    I believe the gas tax was raised by voters in the last election.

  10. #50
    Veteran Member TNVolunteer73's Avatar
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    Quote Originally Posted by labrea View Post
    I believe the gas tax was raised by voters in the last election.
    Not talking gas taxes,

    there are 3 ways to increase property taxes, increase the rate, or increase the assement the state puts on the property or increase the taxable portion of the assessed value.

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