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SuckMyAssmar t1_j8p7qqo wrote

Reply to comment by tjrileywisc in Gentrification by [deleted]

Hmm ok. Inflation right now is insane, obviously, but I will read this paper in a bit. Initial thought is that the older (relative term) being sold still isn’t affordable to the ‘average’ person, aka someone that isn’t a software engineer or works in biotech.

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tjrileywisc t1_j8p8qhv wrote

That's fair, but I would say what you are looking for is for any price gradient to not go up as steeply and hopefully wages rise to meet it in a more sane place (that paper suggests in two years you can see a clear impact).

As an example of where this is going well, Tokyo builds enough housing supply that a recent college graduate can rent without roommates to my understanding.

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SuckMyAssmar t1_j8p95qg wrote

Yes and thank you - I was not aware of that in Tokyo!

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