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> The economics of this has to do with marginal utility mainly and nothing to do with exploitation. That's vacuously true when you simply ignore the existence
by dls2016 8y ago
> The economics of this has to do with marginal utility mainly and nothing to do with exploitation.
That's vacuously true when you simply ignore the existence of exploitative landlords (aka slum lords) who fail to maintain their units because they know that vulnerable populations lack the resources to fight back.
- mgleason_3 8y agoSo, it’s the existence of “slum lords” that causes the higher profit margins? Interesting. So, if you buy a home in an area with lots of slum lords, the you make more? Seems like there would be a lot of money pouring into slum lord areas. Seems like that would drive housing prices up...and either rents would have to go up or profits would fall.
- candiodari 8y agoThere isn't of course, because of what's required: 1) you must destroy people on occasion, make them homeless 2) crime, violence and cleaning up