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But for that to work you have to actually be willing to buy at $100. So you can come along and try and buy my house for 2x the market rate, but then I can just
by thinkharderdev 3y ago
But for that to work you have to actually be willing to buy at $100. So you can come along and try and buy my house for 2x the market rate, but then I can just sell it to you and you're screwed.
Of course in the real world there would need to be some way to prevent "predatory" offers (where the "buyer" can't or won't actually close the deal if you accept the offer) but that seems solvable to me. You may have to put down a non-refundable deposit or escrow the sale price, etc.
- politician 3y agoIf the solution requires the full payment to be in escrow before the seller is even aware of this particular unsolicited buyout order, it will become difficult for lenders to provide mortgages since they will have no guarantee that the seller isn't already in a negotiation with another buyer. So it might be better to establish a prediction market for any such asset that settles on the owner of the asset on, say, a quarterly basis. Instead of predicting the value of the asset, it predicts the owner of the asset at a particular price level. Instead of presenting the current owner with a bid directly, ownership transfers and tax payments would be handled exclusively through the market platform. ... That said, this is all getting pretty complex.
- chexum 3y agoI think the pathological cases should be made impossible before anything like that is considered for a world with humans. Y’all underestimate the number of people with enough money to screw someone (or everyone) over just because they can. Like when someone made a phoney valuation for a web site at $44B.
- brewdad 3y agoBut, in that case, the owners did walk away with $44 billion.