4 ms·

If you increase demand prices go up. Not the sellers fault.

by nonethewiser 3y ago

thfuran 3y ago
They're saying that the sellers should just choose to sell for less.
- nonethewiser 3y ago
  Yeah and women should pick mates based off video game skills. It's a human behavior which could theoretically be changed but wont be because it's irrational and unique to one person's perverse interests that none of the rational actors understand. Or maybe we could get the government to enforce this person's interests on everyone.
- thriftwy 3y ago
  There would be insufficient supply on the market then. How is that better? I've heard they show an apartment to 20 competing prospective tenants at once in Switzerland. I can't begin to imagine how much 20 wasted work hours cost there, and number of such previews per deal grows at least linearly, hence the whole thing grows quadratically. I also see how it should destroy one's chances to rent any property if they deviate even slightly from the ideal tenant. A mixed ethnic family? Reject. Small child? Reject. Small business owner? Reject!
  - alchemist1e9 3y ago
    This thread of comments is yet another in an endless number on HN where somehow socialists and collectivists come out and to me the most disappointing part is that it’s evidence of deep failure in education systems that they can educate people well enough to be technically literate and engage on HN, but at the same time are fundamentally economically illiterate. It’s disturbing and frankly dangerous. Socialism is the most failed idea in human history yet it continues to persist and in my opinion it’s a bit like not teaching evolution in schools, omitting to educate about some fundamental nature of reality.
    - FredPret 3y ago
      I've often wondered about this. I think one reason for this is that the Soviet Union started infiltrating Western institutions about a century ago. This extremely long-ranged strategy is still churning out results, even after they went belly-up. It's the kind of phenomenon that sustains itself - what conservative would ever consider becoming an academic in this environment? And from there it spreads downward. It's also very helpful that the social "sciences" don't have a direct feedback loop to reality, so it's possible for large numbers of them to have completely kooky ideas for decades on end. https://repository.usfca.edu/cgi/viewcontent.cgi?article=1000&context=rl_fac https://repository.usfca.edu/cgi/viewcontent.cgi?article=100... https://www.theguardian.com/education/2005/jul/01/schools.uk https://www.theguardian.com/education/2005/jul/01/schools.uk
      - alchemist1e9 3y ago
        I agree completely that the cause of such incredible economic ignorance must originate within the education system. Very good point that it’s likely still the tailwinds from Soviet propaganda and covert tactics to influence western culture.
      - thriftwy 3y ago
        Russian thinker Galkovsky believes that it was the UK which has used Socialism# against all its affluent competitors. The reason for this being, UK has quite stable political system for centuries, so even if it gets part of its own venom, that would not be nearly as destructive. The USSR did surely assist in that, but it was too ham-fisted to serioulsy influence developed countries. # If that sounds hard to believe, remember who paid Marx to publish Capital, hosted International Worker's Association and who published Communist Manifesto (and in what language). https://en.wikipedia.org/wiki/International_Workingmen%27s_Association https://en.wikipedia.org/wiki/International_Workingmen%27s_A...
    - carlosjobim 3y ago
      Who's the socialist? For all the talk about education here, there seems to be a lack of knowledge that there are other perspectives and ideals than the materialist industrialist faiths socialism and capitalism. For example real estate and migration are things that have existed for millennia before capitalism or socialism, and have been dealt with in a lot of different ways.
ImPostingOnHN 3y ago
If I want to sell a widget for a dollar, I can sell it for a dollar. Demand doesn't force me to do anything I don't want to do. Especially when I know that selling it for a dollar would cover costs and net me profit. Yes, if I really wanted more money, and am willing to make it at the expense of society, I could jack up the price until demand meets existing supply. But again, that is my decision, not the decision of some abstract concept named "demand".
- thriftwy 3y ago
  You will realistically never jack up price anywhere far when competing against AliExpress. You can sell some of these exclusive widgets for $4 instead of $1 but getting leads would cost you these $3.
- emiliobumachar 3y ago
  How would you decide which hopeful customer gets it? A line? Draw sticks? Willingness to do chores for you? Ostensive praise? If I really want the widged but really can't stand in line for long enough, is it okay to hire someone to wait in line for me? How about a programmer to make a bot to constantly refresh your website so that I don't have to? Two bots?
  - carlosjobim 3y ago
    Since the conversation is real estate, it's not hard to decide to sell to a young person or couple from your own community that you know well, that went to school with your kids or works in the same place as you. Or you can sell to the highest bidder, maybe a foreign investor.
    - nonethewiser 3y ago
      When you own a rental property you can do that, but if we're talking about people in general you have to assume they'll be rational.
  - ImPostingOnHN 3y ago

If you increase demand prices go up. Not the sellers fault.

thfuran 3y ago

They're saying that the sellers should just choose to sell for less.

nonethewiser 3y ago
Yeah and women should pick mates based off video game skills. It's a human behavior which could theoretically be changed but wont be because it's irrational and unique to one person's perverse interests that none of the rational actors understand. Or maybe we could get the government to enforce this person's interests on everyone.
thriftwy 3y ago
There would be insufficient supply on the market then. How is that better? I've heard they show an apartment to 20 competing prospective tenants at once in Switzerland. I can't begin to imagine how much 20 wasted work hours cost there, and number of such previews per deal grows at least linearly, hence the whole thing grows quadratically. I also see how it should destroy one's chances to rent any property if they deviate even slightly from the ideal tenant. A mixed ethnic family? Reject. Small child? Reject. Small business owner? Reject!
- alchemist1e9 3y ago
  This thread of comments is yet another in an endless number on HN where somehow socialists and collectivists come out and to me the most disappointing part is that it’s evidence of deep failure in education systems that they can educate people well enough to be technically literate and engage on HN, but at the same time are fundamentally economically illiterate. It’s disturbing and frankly dangerous. Socialism is the most failed idea in human history yet it continues to persist and in my opinion it’s a bit like not teaching evolution in schools, omitting to educate about some fundamental nature of reality.
  - FredPret 3y ago
    I've often wondered about this. I think one reason for this is that the Soviet Union started infiltrating Western institutions about a century ago. This extremely long-ranged strategy is still churning out results, even after they went belly-up. It's the kind of phenomenon that sustains itself - what conservative would ever consider becoming an academic in this environment? And from there it spreads downward. It's also very helpful that the social "sciences" don't have a direct feedback loop to reality, so it's possible for large numbers of them to have completely kooky ideas for decades on end. https://repository.usfca.edu/cgi/viewcontent.cgi?article=1000&context=rl_fac https://repository.usfca.edu/cgi/viewcontent.cgi?article=100... https://www.theguardian.com/education/2005/jul/01/schools.uk https://www.theguardian.com/education/2005/jul/01/schools.uk
    - alchemist1e9 3y ago
      I agree completely that the cause of such incredible economic ignorance must originate within the education system. Very good point that it’s likely still the tailwinds from Soviet propaganda and covert tactics to influence western culture.
    - thriftwy 3y ago
      Russian thinker Galkovsky believes that it was the UK which has used Socialism# against all its affluent competitors. The reason for this being, UK has quite stable political system for centuries, so even if it gets part of its own venom, that would not be nearly as destructive. The USSR did surely assist in that, but it was too ham-fisted to serioulsy influence developed countries. # If that sounds hard to believe, remember who paid Marx to publish Capital, hosted International Worker's Association and who published Communist Manifesto (and in what language). https://en.wikipedia.org/wiki/International_Workingmen%27s_Association https://en.wikipedia.org/wiki/International_Workingmen%27s_A...
  - carlosjobim 3y ago
    Who's the socialist? For all the talk about education here, there seems to be a lack of knowledge that there are other perspectives and ideals than the materialist industrialist faiths socialism and capitalism. For example real estate and migration are things that have existed for millennia before capitalism or socialism, and have been dealt with in a lot of different ways.

ImPostingOnHN 3y ago

If I want to sell a widget for a dollar, I can sell it for a dollar. Demand doesn't force me to do anything I don't want to do. Especially when I know that selling it for a dollar would cover costs and net me profit. Yes, if I really wanted more money, and am willing to make it at the expense of society, I could jack up the price until demand meets existing supply. But again, that is my decision, not the decision of some abstract concept named "demand".

thriftwy 3y ago
You will realistically never jack up price anywhere far when competing against AliExpress. You can sell some of these exclusive widgets for $4 instead of $1 but getting leads would cost you these $3.
emiliobumachar 3y ago
How would you decide which hopeful customer gets it? A line? Draw sticks? Willingness to do chores for you? Ostensive praise? If I really want the widged but really can't stand in line for long enough, is it okay to hire someone to wait in line for me? How about a programmer to make a bot to constantly refresh your website so that I don't have to? Two bots?
- carlosjobim 3y ago
  Since the conversation is real estate, it's not hard to decide to sell to a young person or couple from your own community that you know well, that went to school with your kids or works in the same place as you. Or you can sell to the highest bidder, maybe a foreign investor.
  - nonethewiser 3y ago
    When you own a rental property you can do that, but if we're talking about people in general you have to assume they'll be rational.
- ImPostingOnHN 3y ago