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There is a vast space of possibilities between (and orthogonal to!) the line between "unregulated market" and "centrally managed economy." Just because someone
by nitrogen 5y ago
There is a vast space of possibilities between (and orthogonal to!) the line between "unregulated market" and "centrally managed economy." Just because someone says "this didn't work" doesn't mean they would say "let's do 100% the opposite."
Surely, in this case, there are better ways to smooth out these spikes and dips in flows than just letting the price go sky high so that only the rich can build or repair housing for a year or two.
- CheezeIt 5y agoYou could have some kind of entity that buys up supplies when the price is low and sells when the price is high. In fact, it’s legal for you to create one today, and if you operate it successfully, you’d make a lot of money.
- ddxxdd 5y agoKeep in mind that public opinion is turning against these "speculators" that you describe. Blackrock Investment is doing everything you describe, but for housing. They are being heavily derided by the media for doing so.
- sumedh 5y ago> You could have some kind of entity that buys up supplies when the price is low How do you know the price is low and to start buying or wait because the price might fall down more?
- 8note 5y agoYou'd also be subject to inventory tax on your stored stuff no? The government wants to make sure things are moving in the government, not sitting around