People are not required to live in the biggest & most expensive cities in the world. Doing so is a premium good. Removing the pricing signal just turns everything into a lottery and/or lowest common denominator practices demonstrating the tragedy of the commons. Sorry your neighbor has mental health issues, uses meth and screams as they throw stuff against the wall at night. Hope you got a good night sleep!
When I got started on the web I moved a couple states over to live with a friend who was going to college. We lived in a mobile home & our rentier extractor landlord captured like $110 a month. I was able to spend little time doing work I didn't want to do in order to pay rent & could spend a lot of time learning.
High rents can offer some level of exclusivity and give people an opportunity to express their values, what they value, and how much they value it. There's a reason that most people who are in subsidized public housing end up wanting to move away if they can afford to.
When I got started on the web I moved a couple states over to live with a friend who was going to college. We lived in a mobile home & our rentier extractor landlord captured like $110 a month. I was able to spend little time doing work I didn't want to do in order to pay rent & could spend a lot of time learning.
High rents can offer some level of exclusivity and give people an opportunity to express their values, what they value, and how much they value it. There's a reason that most people who are in subsidized public housing end up wanting to move away if they can afford to.