3 ms·

They invest and then they extract ridiculous rents from their investments - leading to widespread burnout, perfectly fine businesses being closed and employees

by aredox 1y ago

They invest and then they extract ridiculous rents from their investments - leading to widespread burnout, perfectly fine businesses being closed and employees being laid off because they don't give double-digit returns, empty shop spaces because it would diminish their value to lower the rent, excessive appartement rents, etc. And an economy oriented only along the wishes of the super-rich. Money is the way you "vote" into the economy, and the more money is in the hands of a few, the less the economy actually adresses the needs of the many.

GardenLetter27 1y ago
The housing crisis isn't due to investment, but onerous government regulation that makes it near impossible to build - decades-long planning processes, dozens of consultations (local public, and NGOs, etc.) That's exactly what I mean by removing bureaucratic processes to unlock investment. But the "many" can learn useful skills and innovate to also make a lot of money. Everyone should be able to start a business easily - without excessive capital requirements or expensive notaries. STEM education should be free and widely available (or with very low interest loans if we let the loan interest be decided per subject, per student grades, etc.)
- cloverich 1y ago
  Investment in sfh definitely plays a major role. It's not an either or situation. Build more houses. Make SFH investment homes unprofitable. Both will increase the homes on the market, lowering prices.
bluecalm 1y ago
>> perfectly fine businesses being closed and employees being laid off because they don't give double-digit returns Sounds like an opportunity to me. >>empty shop spaces because it would diminish their value to lower the rent Sounds like a problem land value tax solves - it should cost you to hold land ad if you can't pay you should give it up so others can make use of it. >> excessive appartement rents Sounds like land value tax + removing bureaucracy around building should solve that. >>And an economy oriented only along the wishes of the super-rich. I am not sure why you think anything in EU is along wishes of super-rich. It seems to me it's to the wishes of political cronies. I can guarantee you that "super-rich" would structure it differently. >>Money is the way you "vote" into the economy, and the more money is in the hands of a few, the less the economy actually adresses the needs of the many. And yet populist parties introducing anti-business policies win all the time. It's true our parliamentary systems are terrible and undemocratic but it's not because super rich, at least not in EU.

by aredox 1y ago

GardenLetter27 1y ago

The housing crisis isn't due to investment, but onerous government regulation that makes it near impossible to build - decades-long planning processes, dozens of consultations (local public, and NGOs, etc.) That's exactly what I mean by removing bureaucratic processes to unlock investment. But the "many" can learn useful skills and innovate to also make a lot of money. Everyone should be able to start a business easily - without excessive capital requirements or expensive notaries. STEM education should be free and widely available (or with very low interest loans if we let the loan interest be decided per subject, per student grades, etc.)

cloverich 1y ago
Investment in sfh definitely plays a major role. It's not an either or situation. Build more houses. Make SFH investment homes unprofitable. Both will increase the homes on the market, lowering prices.

bluecalm 1y ago

>> perfectly fine businesses being closed and employees being laid off because they don't give double-digit returns Sounds like an opportunity to me. >>empty shop spaces because it would diminish their value to lower the rent Sounds like a problem land value tax solves - it should cost you to hold land ad if you can't pay you should give it up so others can make use of it. >> excessive appartement rents Sounds like land value tax + removing bureaucracy around building should solve that. >>And an economy oriented only along the wishes of the super-rich. I am not sure why you think anything in EU is along wishes of super-rich. It seems to me it's to the wishes of political cronies. I can guarantee you that "super-rich" would structure it differently. >>Money is the way you "vote" into the economy, and the more money is in the hands of a few, the less the economy actually adresses the needs of the many. And yet populist parties introducing anti-business policies win all the time. It's true our parliamentary systems are terrible and undemocratic but it's not because super rich, at least not in EU.