cantdressherself
cantdressherself t1_j5zghih wrote
Reply to Managers who reflect on their mistakes and try to learn from them show more humility and, in the right circumstances, can improve their teams' performance. Results from four studies done in the U.S. by geoff199
Next up we have exciting news about water! Color of the sky to be revealed at 9! Don't miss it!
cantdressherself t1_j50xjvy wrote
Reply to comment by [deleted] in New apartment buildings in low-income areas lead to lower rents in nearby housing units. This runs contrary to popular claims that new market-rate housing causes an uptick in rents and leads to the displacement of low-income people. by smurfyjenkins
I fantasize sometimes about becoming a billionaire and buying up apartments and setting the rent below market rate.
cantdressherself t1_j50xbv4 wrote
Reply to comment by [deleted] in New apartment buildings in low-income areas lead to lower rents in nearby housing units. This runs contrary to popular claims that new market-rate housing causes an uptick in rents and leads to the displacement of low-income people. by smurfyjenkins
Apartments are substitute goods to houses. Raising rents due to new building can happen but only in specific areas.
Building luxury apartments next to affordable houses has no affect on the demand for affordable houses, unless it pulls a few tenants that really wanted luxury in that location but couldn't get it before.
It can raise property valuations and drive up taxes and attract higher paying renters, (gentrification) but that assumes the supply of renters is endless, which is not the case in most areas.
cantdressherself t1_j50phig wrote
Reply to comment by spitefulcum in New apartment buildings in low-income areas lead to lower rents in nearby housing units. This runs contrary to popular claims that new market-rate housing causes an uptick in rents and leads to the displacement of low-income people. by smurfyjenkins
Not as effective as we would hope, you can't logic someone out of a position they didn't logic into.
cantdressherself t1_j61sjwn wrote
Reply to comment by [deleted] in New apartment buildings in low-income areas lead to lower rents in nearby housing units. This runs contrary to popular claims that new market-rate housing causes an uptick in rents and leads to the displacement of low-income people. by smurfyjenkins
I mean, it will lower the rents somewhere. Maybe not right next door, but someone somewhere lost a buyer or a renter.