I unironically agree with this. 100 years ago, Skid Row and Bunker Hill in Los Angeles were full of SROs, boarding houses and long-term hotels. The people who lived there didn't disappear, they're just all sleeping in the street now.

I guess you never had the misfortune of sleeping in a flophouse to say something like that.

One time I had this project in Switzerland and my co-worker, who also travelled there, figured he'd save money if he rented a bunk bed in illegal (due to density) quarters.

Terrible experience, which got him fired eventually because he quickly lost steam due to having to share a tiny room with three other people.

I on the other hand moistened every Swiss Frank banknote with tears, but splurged thrice the amount on a proper room and survived until the end of my involvement in that project.