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There are several TV shows that show house flippers. You think that's immoral? For each property, they engage in two transactions for which all parties involv
by jnwatson 5y ago
There are several TV shows that show house flippers. You think that's immoral?
For each property, they engage in two transactions for which all parties involved are willing participants. How is that immoral?
- pas 5y agoWillingness is not necessarily, informed consent, and even that might be due to exogenous probabilistic predetermination. So if we go by Rawlsian concepts: if it's not fair, it's immoral. If the market maker makes too much, then it's economic rent (due to rent-seeking behavior), which a lot of people consider immoral.
- jnwatson 5y agoI don’t understand how it is rent seeking. They are actually improving the supply of housing by fixing them up. How is it possible for the market-maker to make “too much” in a free competitive market? They don’t have any special capability that the average home buyer doesn’t have. I really don’t understand the angle. Capitalism is all about selling 5 cent pencils for 10 cents.