"When someone is priced out of a market, their choices are to simply remain out of the market, to wait for the market to become more affordable, to improve their own financial situation to the point where they can afford to buy, or, if possible, to consider a different market. For example, someone who was priced out of their neighborhood's real estate market could look at a different part of the city or even an entirely different city or state."
Where socialists go wrong is that they simply attribute price hikes to "greedy capitalists". The truth is that demand goes up, and hence the prices (because other people are willing to pay more).
Even historically it has been a problem, without gentrification, if people had kids. Like you are born on your parents little farm, and your parents have 10 children. If all children want to stay on the farm (and then their children and their children, and so on), it simply doesn't work out. The farm is not big enough to support so many people. So many children had to go elsewhere and "try their luck". That is rooted in nature, not capitalism.
"When someone is priced out of a market, their choices are to simply remain out of the market, to wait for the market to become more affordable, to improve their own financial situation to the point where they can afford to buy, or, if possible, to consider a different market. For example, someone who was priced out of their neighborhood's real estate market could look at a different part of the city or even an entirely different city or state."
Where socialists go wrong is that they simply attribute price hikes to "greedy capitalists". The truth is that demand goes up, and hence the prices (because other people are willing to pay more).
Even historically it has been a problem, without gentrification, if people had kids. Like you are born on your parents little farm, and your parents have 10 children. If all children want to stay on the farm (and then their children and their children, and so on), it simply doesn't work out. The farm is not big enough to support so many people. So many children had to go elsewhere and "try their luck". That is rooted in nature, not capitalism.