> Because my money should be just as good as yours?
You have more money than me, so you deserve to take my place? That’s pure entitlement and leads to cities comprised entirely of millionaires.
> Because my money should be just as good as yours?
You have more money than me, so you deserve to take my place? That’s pure entitlement and leads to cities comprised entirely of millionaires.
This assumes the supply of housing can't increase.
What mechanism do you propose instead for allocating scarce housing?
The accord you’re proposing is “I deserve your spot because I have more money than you, and we’ll just build more housing later to get you back in.” You can see why I’m not going to go for that as a renter and voter.
> What mechanism do you propose instead for allocating scarce housing?
The one that we’re in the middle of talking about? Rent control.
You can do that, but now it's just "I was here first" which eventually turns in to "I'm old" (after all, young people were not there first, by virtue of not existing when rent control was enacted), which doesn't seem fair either.
To be clear, the full solution I would like is rent control plus lots of new housing construction, using whatever incentives are necessary. I do not begrudge old people "taking up space" in a city they've called their home for most of their lives; in fact, I think it adds a lot to a city's character. I'd like to think that someday I'd be able to retire in my favorite city as well.
Nothing against old people but when the city gets greyer and greyer because young people can't move in and old people stay in 3+ bedroom homes it's not great.