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Not when you have a populace that is by definition average & in need of a place to live/start a family, but have an external investor class of the foreign ultra
by s5300 4y ago
Not when you have a populace that is by definition average & in need of a place to live/start a family, but have an external investor class of the foreign ultra rich or Wall street douche canoes buying everything up because fuck you & they can.
Crazy if you believe most of our nation should be essentially indentured servants for basic housing.
Something like that, I think.
- mistrial9 4y agosome economic theorists take this seriously -- BlackRock is Buying Houses made a large headline in daily news here.
- fennecfoxen 4y ago"essentially indentured servants" is a bit rhetorically distracting, don't you think? Let's pin that down. What's a reasonable amount of work that a human should be expected to do to live? Not just housing, but food, and whatever else.
- tryptophan 4y agoIts the Cantillon effect. https://river.com/learn/terms/c/cantillon-effect/ https://river.com/learn/terms/c/cantillon-effect/ Banks will loan some people billions at rates half of which they would give you, if they even gave you a loan. Thus they can buy everything for inflated prices. We need to end the fed.