logoalt Hacker News

delichonyesterday at 10:40 PM1 replyview on HN

> We have to consider what the unintended consequences are of public policies or practices where there are no immediate consequences for someone who falls behind on rent

> Many [landlords] say they don’t actually intend to evict anyone, but that filing these cases is the most expedient way to get emergency rental aid from the city.

Economics in one easy lesson: incentives matter.


Replies

vannevaryesterday at 11:00 PM

While that is certainly true, it's a very narrow view disconnected from the reasons for the policies. The most likely explanation for more people not paying their rent is that even fixed rents have become increasingly unaffordable because other costs have risen faster than wages. So yes, people are "choosing" not to pay rent because the consequences of not paying the rent lag substantially behind the consequences of not eating or buying gas. But it's an absolutely rational decision. FTA:

>...plenty of economic indicators suggest worsening financial duress for people already struggling. Costs are going up faster than wages, and inflation that took hold after the pandemic has proven painfully persistent.

show 1 reply