Recent comments in /f/RhodeIsland

fishythepete t1_jbrljt7 wrote

>Why is it that all your comments are downvoted? Are you good enough at economics to figure that out?

The fact that you think this is some sort of own is in fact what we would call an “epic self own”.

If you think the popularity of a position has any reasonable relation to whether or not it is correct, then you’ve been asleep since 2016.

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fishythepete t1_jbri16m wrote

>Youre a landlord lol. Whats your big claim to fame? How much education do you need to be a ri landlord lol

Reading comprehension not your strong point I guess? Hint - “owned” is what we call Past Tense.

How much education do you need to hold really strong opinions on topics you know nothing about? Asking for a friend.

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fishythepete t1_jbrhswe wrote

Let’s talk about the middle of the curve when it comes to housing. You know what term can almost universally describe it? Used. 10,20, 50 years old. At least that here in New England.

There is next to no economic incentive to build new low cost housing, just like there’s nearly no economic incentive to build new low cost cars. Most consumers would sooner buy a $5,000 used car with AC and power windows than a $5,000 new car with neither.

So it is with housing. New market rate housing (short of those tremendously successful housing projects we flirted with in the 60s / 70s) is always the top of the market. But if it’s never built, then it will never be there in 30 years as a moderate cost housing option.

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