Why For-Profit Housing Ruins Kitchens
Why For-Profit Housing Ruins Kitchens
When profit is the bottom line, functionality and human enjoyment do not matter.
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When profit is the bottom line, functionality and human enjoyment do not matter
Unless you’re selling to humans, at which point your profit becomes linked to the degree to which you provide the functionality and enjoyment that human is in the market for
That is only true when supply outpaces demand, and buyers can choose not to purchase the shitty products, which is not the case for housing thanks to years of NIMBY and protectionist zoning regulations preventing housing development on the low end of the market.
Also, necessities completely upend the supposed "free market" dynamic by not being something buyers can opt-out of when no better option is available.
If you control necessities, people are trapped with you no matter how shitty your product is.
at which point your profit becomes linked to the degree to which you provide the functionality
except when the commodity is a basic necessity and there's no alternatives. 'the market' can't really 'vote with their wallet' on the cost and quality of shelter, particularly when price fixing is rampant.
sidenote: 'voting with your wallet' implies people with more money than you should have more say in what's 'more valuable', because the rich can always outbid you, and homo economicus is only a thought experiment. (see: foreign real estate investment, conspicuous consumption…)