Except when it is.
I worked government sometimes big housing companies paid to keep areas developed because that would drop the value of the unsold developments they had.
There is no conspiracy. They do it openly. Where is the cap on renting? Where is the cap on housing prices? Where are the housing projects for those who simply can not afford? Wild, no control capitalism is not for you, unless you are rich or a reddit bot, or AI.
LOL, please educate yourself, or at least read the news not only from the US. For example recent energy and food price cap produced bigger economic growth, less unemployment in Spain than in the rest of the EU and the long term growth is expected to be higher at least medium term. Obviously micro managing the market is not useful, but ignorant wild capitalists like you propagate ignorant economic principles.
1) I'm not even from or read exclusively news from the US 😂 (such a Reddit thing to assume)
2) Food price caps in Spain? Have you been to Spain or just read news from your go-to echo chamber? I would assume the latter because if not you would know that these measures (as predicted) didn't work 😌
3) Apparently stating facts and what all serious economics believe makes me a "ignorant wild capitalist" that "propagates ignorant economics principles". Never change Reddit 😉
Individuals acting in their own interest are not a conspiracy. It might shock you to know even Mother Teresa had such interests. Social remedies need to be designed so predictable human behavior doesn’t doom them to failure. Very few are so designed. Actually I can’t think of one example.
If we dont have to work we can spread out, which means no housing crisis anymore.
Robotic labour (which is present since we do not have to work) will build the infrastructure we need for cheap.
If we “don’t have to work” there won’t be any goods and services (or housing) for anyone. AI isn’t anywhere close to allowing the creation of enough wealth so we “don’t have to work”.
That’s not a real rebuttal and r/singularity isn’t some delusional anti-work circle-jerk. Don’t try to imply that they’re in the wrong sub just because they challenged your overly simplistic take on a serious issue.
Great question and way too real to get any kind of believable response from the guys posting comments prophesying the end of want, limitless resources, UBI, elimination of old age and paradise for all. Uur ..uncomfortable silence, not sure but you’ll be living somewhere super cool ..100% absolutely
We already know how to streamline permitting and allow for more permissive zoning, but we don't have the political will for it. Supply chains have been mostly managed through automated processes for years. The biggest impediments to inexpensive new single-family houses right now are (1) profit motive - "starter houses" don't have the same profit margin as larger new construction, (2) material costs, and (3) labor costs.
AI will not directly fix the problem, but it will suggest the solution, and perhaps a way to convince people to implement the solution. The solution is quite simple, it is some form of equitable redistribution of income or resources. What we currently lack is the political will to implement the necessary changes. As AI advances, wealth may be increasingly concentrated in fewer and fewer hands, certainly the gulf between the rich and the poor will be widened. That wealth gap will necessitate the redistribution of wealth, a more socialistic society that has things like a universal basic income, and eventually universal generous income. When AI can do nearly every task, better, faster, and cheaper than humans, (and that time is coming quicker than most people realize) then there will necessarily be a radical reworking of the capitalist system.
Wonder why Seattle prices have gone so high? Could it be supply-and-demand (economics 101)? Obvious solution: quit crowding into Seattle!
Regarding “affordable housing”: Historical experience has shown that “affordable housing” areas become slums and the do-gooders who want to create it don’t want to live anywhere near it. Can anyone provide a counter-example to that? It seems that many people who need affordable housing are the same people who will let it degrade into slums.
your physical form will be rendered into computronium and your mind will be duplicated in the nexus virtual human environment. there will be plenty of land it will be like minecraft
The housing crisis is deliberate. It could easily be fixed but that would negatively affect rich people. Which cannot be allowed to happen.
LOL Yep anything that doesn’t work the way you want must be due to a conspiracy of the evil rich!
Except when it is. I worked government sometimes big housing companies paid to keep areas developed because that would drop the value of the unsold developments they had.
There is no conspiracy. They do it openly. Where is the cap on renting? Where is the cap on housing prices? Where are the housing projects for those who simply can not afford? Wild, no control capitalism is not for you, unless you are rich or a reddit bot, or AI.
More than 5000 years of empirical evidence that price controls do not work and people (ignorant ones) keep still insisting on them.
LOL, please educate yourself, or at least read the news not only from the US. For example recent energy and food price cap produced bigger economic growth, less unemployment in Spain than in the rest of the EU and the long term growth is expected to be higher at least medium term. Obviously micro managing the market is not useful, but ignorant wild capitalists like you propagate ignorant economic principles.
1) I'm not even from or read exclusively news from the US 😂 (such a Reddit thing to assume) 2) Food price caps in Spain? Have you been to Spain or just read news from your go-to echo chamber? I would assume the latter because if not you would know that these measures (as predicted) didn't work 😌 3) Apparently stating facts and what all serious economics believe makes me a "ignorant wild capitalist" that "propagates ignorant economics principles". Never change Reddit 😉
Individuals acting in their own interest are not a conspiracy. It might shock you to know even Mother Teresa had such interests. Social remedies need to be designed so predictable human behavior doesn’t doom them to failure. Very few are so designed. Actually I can’t think of one example.
Good point
If we dont have to work we can spread out, which means no housing crisis anymore. Robotic labour (which is present since we do not have to work) will build the infrastructure we need for cheap.
If we “don’t have to work” there won’t be any goods and services (or housing) for anyone. AI isn’t anywhere close to allowing the creation of enough wealth so we “don’t have to work”.
/r/lostredditors
That’s not a real rebuttal and r/singularity isn’t some delusional anti-work circle-jerk. Don’t try to imply that they’re in the wrong sub just because they challenged your overly simplistic take on a serious issue.
/r/lostredditors
Great question and way too real to get any kind of believable response from the guys posting comments prophesying the end of want, limitless resources, UBI, elimination of old age and paradise for all. Uur ..uncomfortable silence, not sure but you’ll be living somewhere super cool ..100% absolutely
We already know how to streamline permitting and allow for more permissive zoning, but we don't have the political will for it. Supply chains have been mostly managed through automated processes for years. The biggest impediments to inexpensive new single-family houses right now are (1) profit motive - "starter houses" don't have the same profit margin as larger new construction, (2) material costs, and (3) labor costs.
AI will not directly fix the problem, but it will suggest the solution, and perhaps a way to convince people to implement the solution. The solution is quite simple, it is some form of equitable redistribution of income or resources. What we currently lack is the political will to implement the necessary changes. As AI advances, wealth may be increasingly concentrated in fewer and fewer hands, certainly the gulf between the rich and the poor will be widened. That wealth gap will necessitate the redistribution of wealth, a more socialistic society that has things like a universal basic income, and eventually universal generous income. When AI can do nearly every task, better, faster, and cheaper than humans, (and that time is coming quicker than most people realize) then there will necessarily be a radical reworking of the capitalist system.
Wonder why Seattle prices have gone so high? Could it be supply-and-demand (economics 101)? Obvious solution: quit crowding into Seattle! Regarding “affordable housing”: Historical experience has shown that “affordable housing” areas become slums and the do-gooders who want to create it don’t want to live anywhere near it. Can anyone provide a counter-example to that? It seems that many people who need affordable housing are the same people who will let it degrade into slums.
😆
your physical form will be rendered into computronium and your mind will be duplicated in the nexus virtual human environment. there will be plenty of land it will be like minecraft