3 ms·
Sell equity stakes or form a joint partnership. This is exactly how most startups get funding. Also, it’s not clear to me that credit has lifted people out of
by oa335 4y ago
Sell equity stakes or form a joint partnership. This is exactly how most startups get funding.
Also, it’s not clear to me that credit has lifted people out of poverty; I’d argue that interest based lending has kept people in poverty, transferring wealth to those who already have it.
- sroussey 4y agoI dunno, people buying a house (and the mortgage that goes with it — their biggest loan of their life) is (to me) a good thing, rather that everyone a renter.
- oa335 4y agoWhy though? It perpetuates real-estate bubbles by incentivizing a large portion of the populace to speculate on non-productive assets. If real estate weren’t so highly incentivized in the US, I’d rather be a renter with a long term lease with all its legal protection and invest my money in a business or something. We’d have a much larger renting class and likely would be able to push through much more renter friendly policies. As it stands, majority of Americans act like bourgeoisie when they really aren’t.
- sroussey 4y agoThe end game of everyone is a renter is the government owns all residential.
- sroussey 4y agoWhen you have everyone is a renter, then renters change laws to make it not profitable for people to own rentals which the government eventually picks up. I don’t know anyone from eastern block countries living in the Soviet time that wants anything like that.