Hacker News Reader

> I mean you can't increase rent past the point people are able to pay.

You can increase them past the point that people on lower wages/basic income can pay, driving them out of desirable or semi desirable areas to cheaper areas. See London as an example.

View on HN

But I don't see why you need to live in London? You might like it and want to live there, but then you need the money to be able to.

Like I could move to Helsinki if I wanted to on my current salary, but I see no reason to do so. I live in smaller city (or maybe it's even considered a town) and I have plenty of extra money left over after my rent.

I don't need to nor, personally, want to. However, the people already there have a right to be there, especially those born in London, who grew up there, who have families, jobs, community involvement etc.

Yeah but that already happens with the current system; the worst case scenario is that nothing changes and people on lower wages keep being pushed out from more desirable areas.

Reply on news.ycombinator.com