Interesting Links for 20-01-2022

[andrewducker]

If you're poor then the cost of living has gone up by a *lot* more than 5%

(tags:economics UK poverty )

A NASA Probe Went and Touched the Sun

(tags:sun space NASA )

Coffee can't fix all the cognitive impairments caused by a bad night's sleep

(tags:caffeine psychology sleep )

Men Are Creating AI Girlfriends and Then Verbally Abusing Them

As a friend put it "This is how you get Terminators"
(tags:ai abuse misogyny hate )

The gender wage gap is really a child care penalty

(tags:children patriarchy wages gender society )

New rules passed for short-term lets in Scotland

(tags:rental housing Scotland )

Comments

[danieldwilliam]

Yes, but I think mortgage payments are stickier than rent. Both in terms of market and contract situations and also because Rent = Mortgage plus Maintenance plus Profit and therefore rent includes mortgage interest in itself whereas Mortgage don't include a profit element paid to the owner of the house.

I can't remember the name for the type of good that housing is but one its features is that people will generally pay the most they can afford in order to have a relatively better house (close to schools, shops, lower crime rates etc) and I think that has an impact on the price elasticity and stickiness of rent.