4 ms·

its mafia racketeering thats increasing prices, lack of government oversight (due to them being the mafia) and algorithmic price fixing. youre welcome. all this

its mafia racketeering thats increasing prices, lack of government oversight (due to them being the mafia) and algorithmic price fixing. youre welcome. all this talk about monetary policy, supply and demand, and interest rates is cute.

shlant 2y ago
and where is your evidence for this conspiracy theory? I have an unending amount of data that shows it's a supply issue.
- globalnode 2y ago
  having been labeled a conspirator, i decline! you see, having been placed in that detestable set, my words would mean nothing, even if i wanted them to. but i see a small opportunity still yet to salvage something from this quagmire. for you have in your possession "an unending amount of data"... show me the power of market forces!!!
  - shlant 2y ago
    > my words would mean nothing your words might not mean much but evidence would. I can only assume that you don't have any otherwise. > for you have in your possession "an unending amount of data"... show me the power of market forces!!! see my other comment: https://news.ycombinator.com/item?id=42515602 https://news.ycombinator.com/item?id=42515602
    - globalnode 2y ago
      [1] https://news.ycombinator.com/item?id=41452781 https://news.ycombinator.com/item?id=41452781 [2] https://news.ycombinator.com/item?id=41330007 https://news.ycombinator.com/item?id=41330007 rental price fixing (not sales) some other related facts in australia - you can buy a house for cash no questions asked (not 100% sure if this changed in 2006 or not with AML/CTF Act and whether or not real estate agents are bound by it or if they have found a way to ignore it in practice). - politicians can declare no interest in property, but have their (declared) trust take care of (undeclared) property matters for them. - one or two monopoly real estate aggregator services dominate the industry (one of them owned by murdoch - and frankly anything that guy has a hand in is trash, [3] https://www.crikey.com.au/2023/08/30/murdoch-century-many-ways-rupert-paid-political-figures/ https://www.crikey.com.au/2023/08/30/murdoch-century-many-wa...) whole industry looks corrupt, hence my largely negative and aggravated response to anything regarding real estate. perhaps you are correct. that supply and demand is the simple formula for determining prices, but if that is the case, there is no incentive to remove barriers on supply. everyone with an interest in the industry is invested in having prices go up indefinitely. i dont know why people continue with simplistic debates about one or two issues without looking at the larger picture. sure supply and demand. yay. costs of materials and labour. yay. no one wants to look at market manipulation, when its quite possible and in fact likely that is an issue as well. which brings me back to my OP, which i stated in fewer words but you triggered me into writing all this extra crap.
      - shlant 2y ago
        > everyone with an interest in the industry is invested in having prices go up indefinitely. You're missing a huge group - homeowners. NIMBY homeowners are a huge driving factor in things never changing. They vote against anything that would help the housing crisis because they only care about their home prices (or sorry - the "character" of the neighborhood). It doesn't even make sense that industry is against building more housing - how do you imagine they make money if they don't do what they make money from - building? > no one wants to look at market manipulation because no one (including you) has any evidence it's a significant issue.

shlant 2y ago

and where is your evidence for this conspiracy theory? I have an unending amount of data that shows it's a supply issue.

globalnode 2y ago
having been labeled a conspirator, i decline! you see, having been placed in that detestable set, my words would mean nothing, even if i wanted them to. but i see a small opportunity still yet to salvage something from this quagmire. for you have in your possession "an unending amount of data"... show me the power of market forces!!!
- shlant 2y ago
  > my words would mean nothing your words might not mean much but evidence would. I can only assume that you don't have any otherwise. > for you have in your possession "an unending amount of data"... show me the power of market forces!!! see my other comment: https://news.ycombinator.com/item?id=42515602 https://news.ycombinator.com/item?id=42515602
  - globalnode 2y ago
    [1] https://news.ycombinator.com/item?id=41452781 https://news.ycombinator.com/item?id=41452781 [2] https://news.ycombinator.com/item?id=41330007 https://news.ycombinator.com/item?id=41330007 rental price fixing (not sales) some other related facts in australia - you can buy a house for cash no questions asked (not 100% sure if this changed in 2006 or not with AML/CTF Act and whether or not real estate agents are bound by it or if they have found a way to ignore it in practice). - politicians can declare no interest in property, but have their (declared) trust take care of (undeclared) property matters for them. - one or two monopoly real estate aggregator services dominate the industry (one of them owned by murdoch - and frankly anything that guy has a hand in is trash, [3] https://www.crikey.com.au/2023/08/30/murdoch-century-many-ways-rupert-paid-political-figures/ https://www.crikey.com.au/2023/08/30/murdoch-century-many-wa...) whole industry looks corrupt, hence my largely negative and aggravated response to anything regarding real estate. perhaps you are correct. that supply and demand is the simple formula for determining prices, but if that is the case, there is no incentive to remove barriers on supply. everyone with an interest in the industry is invested in having prices go up indefinitely. i dont know why people continue with simplistic debates about one or two issues without looking at the larger picture. sure supply and demand. yay. costs of materials and labour. yay. no one wants to look at market manipulation, when its quite possible and in fact likely that is an issue as well. which brings me back to my OP, which i stated in fewer words but you triggered me into writing all this extra crap.
    - shlant 2y ago
      > everyone with an interest in the industry is invested in having prices go up indefinitely. You're missing a huge group - homeowners. NIMBY homeowners are a huge driving factor in things never changing. They vote against anything that would help the housing crisis because they only care about their home prices (or sorry - the "character" of the neighborhood). It doesn't even make sense that industry is against building more housing - how do you imagine they make money if they don't do what they make money from - building? > no one wants to look at market manipulation because no one (including you) has any evidence it's a significant issue.