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Everyone rich or poor can only eat so much bread, but you can always buy more stock or real estate. Supply is harder to increase as well.
by ac29 6y ago
Everyone rich or poor can only eat so much bread, but you can always buy more stock or real estate. Supply is harder to increase as well.
- Ericson2314 6y ago> Everyone rich or poor can only eat so much bread True, and that's great! > but you can always buy more stock or real estate. There is nothing innate about this state of affairs. What is "ownernship"? How many acres of land and I keep to myself with my own shotgun? Surely that's bounded too? > Supply is harder to increase as well. https://en.wikipedia.org/wiki/Floor_area_ratio https://en.wikipedia.org/wiki/Floor_area_ratio Every person deserves some amount of floor space near other people's floor space. They do not so deserve private land area. Land area is held in common in parks, whose size, beauty, and other factors vary inversely with their accessibility. We can vary the park distribution and the vacation distribution to do nice things with the expected nature rejuvenation. This is completely separate from housing.
- disambiguation 6y agonot too long ago i remember there was backlash against investors buying up real estate (i think the example was london) and then just sitting on the investment. The houses weren't being used for housing, but as stocks. I'm sure if it wasn't for the fact that bread expires we would see it traded like stocks too.