Macrofreemarketsupplydemandexplained

I was remiss as RBP approached the New Year a couple of weeks ago.

I should have posted this, 2015's "Worst OLive Comment of the Year," regarding Portland's affordable housing crisis.

I swear, I can't remember the name of the dumb shit who wrote this. I'm sorry but here it is:

LOL. Bunch of whiners complaining about the basics of macroeconomics and free market principles. You're actually witnessing a very simple supply and demand curve in action. I fail to see what the problem is. If there is huge demand for a limited supply, price goes up. Don't like it, move.

I love watching people complain that their rent went up as if owners should throw money away because you have a job that doesn't allow you to afford to live in a city going through a renaissance. Oh for shame, you can't live in the center of the action for $700 a month. Either get a job that allows you pay to live in the thick of it....or quit bitching and move to where you can afford to live. Very simple.

I work hard and make good decisions. Bought a house on the cheap in NE years ago, fixed it up, lived in it for 15 yrs.....and guess what? We got PAID OFF this year when we sold it to a couple from NJ (who paid cash BTW) who wanted to move here because they heard it's awesome in Portland. They could afford it, wanted to live in the thick of a desirable neighborhood and everyone made out. We sold our house for a mint and turned it into a nice property in the NW hills for our family...they got to pay cash for a house in a desirable neighborhood near tons of bars/shops/restaurants. Everyone's happy.

But yeah, let's try to stop all that because people think their rent should stay the same and not adjust according to the market....you know free market and all.

Quit bitching and deal with it. No one owes you anything. Sorry. I love what's going on here. More people with more money increasing property values and tax bases. But no, let's continue to subsidize mediocrity and complacency. Rents should never change. Property values should never increase....I mean it's only probably the biggest investment most people make in their lives; God forbid they should see a return on their investment.

What got into this bitch anyway?  A story about the housing crisis in Portland turns into a supposed personal affront on his wealth?

Moronic OLive post of the year.


TS