Housing prices and displacing people from their homes has an obvious effect on t... | Hacker News

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		foobarqux on March 16, 2015 \| parent \| context \| favorite \| on: “Your monthly rent .. shall increase from $2145 to... Housing prices and displacing people from their homes has an obvious effect on the local labor market, which is an externality.

Kalium on March 16, 2015 [–]

Given that they are displaced by other people, presumably with higher incomes and skill levels, I'm not sure how obvious an effect that is.

foobarqux on March 17, 2015 | [–]

A city's inhabitants aren't fungible even in SF and in any case replacing employees costs a company a lot of money.

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