grafmax

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241.
by grafmax 1y ago
Workers savings doesn’t change the fundamental dynamic. Their savings are dwarfed by those of their bosses. So when stocks double, workers, even accounting for savings, benefit far less in absolute terms than owners. Assets under capitali
242.
by grafmax 1y ago
If yields stay the same actual dividends still grow in a rising market. Of course dividends aren’t a good representation of increased wealth. Stock price + dividends is. Companies generate profit which gets added to the balance sheet or
243.
by grafmax 1y ago
People who have less flow and no stock can increase their savings less than those with stock and the same flow. Many are not able to save at all. Those without stock receive only flow. Those with stock receive both flow and stock, and thos
244.
by grafmax 1y ago
> The govt gets caught between regulations, is slower, wasteful & pays higher wages to workers. Chicago [1] is contemporary proof that Govt. can't build housing. This is overstated. Government can effective build public housing,
245.
by grafmax 1y ago
Productivity has grown. But that has more or less stopped going to the median worker since mid-70s (post inflation). This is known as the pay-productivity gap. There has been some increase, but most of the gains have gone to the wealthiest.
246.
by grafmax 1y ago
My point with these examples is not that they represent the current investor market, but to provide straightforward examples of how factors other than supply can benefit an investors (since it seemed that this point was hard for us to get o
247.
by grafmax 1y ago
Yeah it does seem like we are talking around each other but I will try again to answer your question. It depends on the circumstances of the market. Imagine an extreme hypothetical example, where one investor owns 90 out of 100 houses. And
248.
by grafmax 1y ago
Unfortunately deregulating them will do much the same. BlackRock promotes YIMBY because that will allow it to expand its rental property portfolio, effectively generating new cashflows from the poor and middle class to wealthy asset owners.
249.
by grafmax 1y ago
Suppliers can make money by withholding supply in an inelastic market. Supply and demand effects depend on elasticity to work. It’s not just NIMBYism which contributes to housing’s inelasticity. It is a basic need, with no substitute, and a
250.
by grafmax 1y ago
Quite a lot of factual inaccuracies here. > He meant what we now call the middle class. Capitalists according to Marx are those that own the means of production, not the middle class. > larger land owners were mostly outside of cities
251.
by grafmax 1y ago
To say it’s identical is an overstatement, but markets have been part of China’s policy, and part of the policies many other formerly impoverished counties. Without government policy intelligently choosing how to utilize markets (which
252.
by grafmax 1y ago
The investor class increased as did homelessness in Austin. Not only that but mortgage payments on the median priced home have increased in Austin, comparing 2018-2019 . Houses are even less affordable . Investors can make money on price
253.
by grafmax 1y ago
Pretty sure I answered your question. As long as scarcity effects outpace price declines investors are incentivized to retain vacancies, and it’s not just vacancies but pricing control over rent. The real housing market isn’t effectively mo
254.
by grafmax 1y ago
If investors keep houses off the market that artificially reduces supply. All they need is for the increased prices to outweigh any price decline that comes from increased supply. This can happen with or without vacancies for example by h
255.
by grafmax 1y ago
A portion of the investor class may divest through deregulation as the character of the housing market changes. But the fundamental issue is the presence of the investor class itself. Markets don’t redistribute wealth equitably; they concen
256.
by grafmax 1y ago
Professional property managers can scale the cost of ownership in a way individual owners can’t. Besides that speculators can also withhold supply, artificially inflating prices. 2008 occurred due to speculation, independent of NIMBY regul
257.
by grafmax 1y ago
An unregulated supply will still offer promising investment opportunities to those with enough money to buy them up. Look at crypto or private equity. These markets are lightly regulated. But prices are bid up by big money. Unfortunately j
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by grafmax 1y ago
And yet 20% of the market being captured by those who already have a home, while so many go without one, indicates a shortcoming in our society’s ability to distribute resources from those who don’t need them to those who do.
259.
by grafmax 1y ago
Poverty reduction has largely been the result of China’s mixed economy not unbridled capitalism. Guided markets have played a role there - but that’s because they were guided. We don’t have to accept the authoritarianism or any of other eff
260.
by grafmax 1y ago
Violence has been used for good ends such as deposing monarchies and ending slavery. Marx argues that capitalists are akin to the new kings. Witnessing billionaires funding the destruction of democracy, I wouldn’t say he’s wrong. And you
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by grafmax 1y ago
Also known as the imperial boomerang. https://en.m.wikipedia.org/wiki/Imperial_boomerang
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by grafmax 1y ago
Ethno-nationalism has spreading across the global north contributing to the decay of democratic and the rise of “illiberal democracy”. There are many ways to react to this. Fear, denial, touching grass - they aren’t your only options. You
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by grafmax 1y ago
> Due process is only violated if they claim citizenship and ICE ignores them. Due process is a human right not a right of citizens. > What punishment? The conditions of these concentration camps are inhumane, which itself is punishm
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by grafmax 1y ago
Numerous officials in the current administration including prominent financiers have expressed white nationalist, Christian nationalist, authoritarian and anti-democratic views. At this point we’re willfully sticking our heads in the sand i
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by grafmax 1y ago
The issue with suspending due process is you can’t tell if any of these accusations are true. Is this or that victim of ICE really a “trespasser”? Without due process you can’t know that. All you have are accusations and punishment. A plac
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by grafmax 1y ago
Interesting POV. Many today who oppose DEI are indeed racists - I think that’s clear. But some opponents may be unaware of the pervasiveness of systematic racism, or might differ on the best way to address it, or may have other reasons for
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by grafmax 1y ago
Many who aren’t Nazis oppose DEI. But Google bowing to the government is more than just a conservative talking point. It’s the latest example of the cowing of business by an authoritarian government. The current government is at odds with
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by grafmax 1y ago
People who aren’t trespassers or violating any law are punished and deported without a chance to make their case. You’re assuming that all people ICE sends to concentration camps deserve to be there? But these determinations have been made
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by grafmax 1y ago
CECOT is part of US mass deportation operations. Sending someone to a concentration camp doesn’t become justified when the destination is a foreign country. In fact the US plans to expand the number of domestic and foreign concentration ca
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by grafmax 1y ago
According to UNHCR, 22% of the world’s refugees are in refugee camps. Camps vary in their quality. And some are more or less closed than others. Some refugees do live in inhuman conditions. Even if these conditions affected a majority of r

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