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Every old person demands lottery jackpot money to ever sell any real estate they hold, whether that is a house or just land that can be developed. That means th
by carlosjobim 3y ago
Every old person demands lottery jackpot money to ever sell any real estate they hold, whether that is a house or just land that can be developed. That means there is very little return on investment for building new hotels and holiday stays. This is the reason why AirBnB became a thing in the first place. With the larger global middle class there is more demand for touristic stays than hotels can supply in beach towns and such, while at the same time not being worth it to build a new hotel for extra capacity.
- tgv 3y agoAnd younger people are so well known for selling way below the market price. Right.
- carlosjobim 3y agoYounger people do not own real estate to sell. At most they own their own dwelling. Unless you're looking at outliers.
- carlosjobim 3y agoEdit: Actually, younger people are well known for selling below market value. They're selling their labour for far below what it's worth, if we are to compare the price of labour with the housing that you are supposed to purchase with your wages. If wages were proportional to the cost of shelter, then $50 per hour would be the minimum for any person to work any job. If you're reading this and think that's absurd, then why is it not absurd for real estate owners to demand lottery jackpot prices to sell any real estate, or demand a working persons complete salary in rent?