I think the difference with the first 5 is that a manufacturer sets the price, scalpers purchase it by that price and sells it at a much higher one.
The house price just fluctuates continuously and when the “investor” or “scalper” purchases it, it was available at that price for everyone (or did he purchase it from another scalper?)
Yes, the problem is the high prices of houses, but to reduce it we need to either increase supply (encourage building more, perhaps changing zoning laws to allow more homes etc) or reduce demand (increase interest rates (that though make it harder for regular people), restricting corporations from purchases, banning Airbnb (yes, they drive prices up, and if you use them, you are contributing to it), penalizing if unit is not occupied (though enforcement of this will be hard), or banning foreign investors.
Land. Value. Tax.
Value.
Tax.
I feel like North America could fix its housing issue by simply abolishing the single family housing zones
Idk, its not like there’s no housing shourtage/rant gauging in other countries with more sensible zoning.
Zoning is irrelevant. Perfect zoning laws could mean 10x the houses - and the investors will buy them all up and supercharge property prices all over again.
they could fix the housing crisis by regulating the market.
They could also fix it by deregulating the market.
They could also fix it by doing basically random changes to the law, because the law currently is perpetuating the crisis.
Fuck it. Put a pen on the jaw of a goat eating grass, and write the result into law. I think we actually have a shot at improvement this way.
Just an inherent consequence of capitalism. If people are willing to pay much more than the price that was set by the manufacturer, it’s their loss and a business opportunity for third parties.
Yep, so we should abolish Capitalism.
So you will own nothing and be happy?
Who will produce things without incentive as monetary gain through which they can acquire things? Noone
That’s Capitalism, buddy. I’m advocating for Worker Ownership of their own labor, and collective ownership of the Means of Production. Personal Property is fine, but the end goal of Capitalism is everyone renting everything from a few Capitalists.
They tried it and people just sold their shares immediately to some guy buying them all and bought vodka and cigs
All I want nowadays is just equal opportunities to everyone to amass capital which probably would abolish inheritance first and then regulate market to protect from monopolies.
It’s a race and war but at least make the rules fair. Then those who win they win and lose they lose but it was a fair fight
Just make workers share ownership and unable to have unequal shares. Ez.
There are systems with private property and property rights, this anything other than capitalism = the most extreme version of communism shit is getting real old and people should be shamed for persisting it’s hyper-bullshittery.
I blame reddit for nurturing extreme thinking
