- Aug 13, 2020
- 717
- 830
But eventualy those premises will all end up empty and not rented, because when you renovate the place and put all top notch quality in them, the rent will automatic also be insane to pay, and there aren't just not that many rich people, so in the long run it is a failure. I studied economics and basicly I disagree with a lot in it, like the index adjustments are in a long run becoming a failure too, how many countries already had to freeze the index increases to avoid disaster. If the rich keep increasing prices in the end common folks and poor folks just wont buy anymore and then the rich will suffer.It is, essentially, gentrification that many real cities go through -- developers are buying out houses in poor districts, ramp up rents to force out old tenants, do some renovations and then rent these properties to rich corpo rats. Since there's far less houses than people, it doesn't really matter that the rich upper class is relatively limited in numbers, it leads to high profits and fucked up situation for everyone who can't afford it.