They’re all pieces of shit and deserve to be kicked out an airlock into deep space.
Scalper economy
Submitted 3 weeks ago by prettydarknwild@lemmy.world to [deleted]
https://lemmy.world/pictrs/image/7a28b1e6-9017-4206-a0a5-5ff70fadf9ea.webp
Comments
Etterra@lemmy.world 3 weeks ago
PriorityMotif@lemmy.world 3 weeks ago
[deleted]spankmonkey@lemmy.world 3 weeks ago
When scalpers buy all the tickets to a concert in milliseconds, and the only way to buy a ticket is through a scalper, why are you blaming the person who wants to go to the concert instead of the scalper?
BudgetBandit@sh.itjust.works 3 weeks ago
6 as well. Imagine if nobody would buy houses and just expand their parents house by a floor for their own family.
If that doesn’t work - make the neighborhood criminal by yourself right after those “people” bought houses.
If that doesn’t work, just purge them.
Feathercrown@lemmy.world 3 weeks ago
You could, but they aren’t the ones causing the issue, they’re just enabling profits to be made from it.
Olgratin_Magmatoe@lemmy.world 3 weeks ago
Nah, it’s not worth the price of sending them up there. Just compost them.
eatCasserole@lemmy.world 3 weeks ago
especially the “investors”
Matriks404@lemmy.world 3 weeks ago
There should be a hard limit of houses you can buy. Two by default (the one you live in and one you can rent to someone, maybe with a requirement that you need to live there occasionally) and one additional one for each child if he or she doesn’t have one.
jol@discuss.tchncs.de 3 weeks ago
The problem is most houses are being bought by huge companies, not people.
Droggelbecher@lemmy.world 3 weeks ago
We should really start by limiting that. If we start treating housing as a basic right, which we should, there’s zero reason a company should be allowed to own housing to profit off of. It’s a far bigger problem than my landlady who owns five flats. We can talk about limits for people like her later.
OhVenus_Baby@lemmy.ml 3 weeks ago
They are using advanced algorithms to find the best prices for in demand properties based on profit percentages. Its become so ridiculous corpos are buying houses before individuals can even bid or have access. They buy them in lots at a time. Even using the same algos to place offers on existing properties where people live. Its ludicrous.
bunchberry@lemmy.world 3 weeks ago
In Cuba they have a law that requires you to sell your house if you buy a new one. That also means you can’t be a landlord or else you yourself would be homeless. They also have a law that guarantees that if you don’t own your own home, you at least get public housing guaranteed, which has rent capped at 10% of income so it can never exceed that. They have the lowest homelessness rate in all of the Americas.
eatCasserole@lemmy.world 3 weeks ago
And they’re guaranteeing this super affordable public housing all while under a comprehensive trade embargo for 60+ years imposed by the most powerful nation there is, who also happens to be their neighbor.
Never believe that housing “needs” to be expensive, it’s 100% a decision made by people who profit from it.
Delphia@lemmy.world 3 weeks ago
First 5 investment properties should carry a 1% property income tax that is directly funneled into a housing development program, then a 5% property income tax on the next 5, 10% on the next 10…
Realestate is the safest and highest yield investment working people can make to build generational wealth. Dont cut the throat of the guy who can afford a brand new Audi to spite the guy who has to decide between wether his driver fetches the Rolls or the Bentley.
People should be able to aspire to being rich, just not filthy rich.
Aceticon@lemmy.world 3 weeks ago
The problem is the taking beyond their need, not if it’s many doing a little bit each or a few doing a lot each.
A swarm of locusts still leaves you with nothing even if each one only takes a bit (and unlike people buying a handful of houses to profit from merely owning them, the locusts only eat what they need).
stevedice@sh.itjust.works 3 weeks ago
Too soft. You should not be able to own a house in which you’re not gonna live at least 6 months and 1 day per year. Period.
Telodzrum@lemmy.world 2 weeks ago
People shouldn’t be able to buy summer homes and weekend retreats? Fuck that.
einlander@lemmy.world 3 weeks ago
bunchberry@lemmy.world 3 weeks ago
It always impresses me how much people worship landlords, even Canada up there is having a housing crisis but nobody dares question the sanctity of landlords. You can watch both the major parties arguing for hours and nobody ever brings up landlordism once. A lot of them choose to instead become hostile to immigrants instead, both parties moving further right on immigration because stopping immigration or potentially even kicking out immigrants to them is more acceptable than questioning the sanctity of landlords. You also saw a similar thing here in the USA, I remember after the Trump/Kamala debate when they revealed the plans for bringing housing prices down and Trump was “mass deportation” and Kamala was “a tax credit.” Not sure about every country definitely here in US and Canada, people here treat landlords like unquestionable deities, the idea that their right to rule should even be called into question is not even something that passes through most people’s heads.
flambonkscious@sh.itjust.works 3 weeks ago
One thing that started here in New Zealand was reporting on and ranking their portfolio sizes (lots had it tied up in an estate or trust, but that connection was able to be reported on - even if it might be ‘co-owned by the family’).
We still have huge problems in this area but the noble few that don’t ‘stand out like a dogs bollocks’ and all the others just looked like the same bunch of psycho/sellouts
pixelscript@lemm.ee 3 weeks ago
At least in the case of fumos these days they’re made-to-order. Buying 10 of them isn’t snatching 10 of them from the carts of other potential buyers, it just means 10 more fumos will be made. If anything it’s strictly increasing the supply and making them more accessible to people who couldn’t make the preorder window.
This was absolutely not the case a few years ago, though.
211@sopuli.xyz 3 weeks ago
I think most of you are underestimating the cost of housing maintenance. We had some bad luck and a couple of structurally necessary renos were bigger than initially thought, or didn’t address the issue as well as we hoped, requiring new renos. In the last 20 years we’ve paid the cost of the townhouse apartment once over, easy. And now the bathroom, kitchen, and flooring could use an upgrade (25-50 years old), which is again expensive. In that time its value has risen maybe 50%, not quite keeping pace with local inflation.
Not complaining, we bought it for living in and it’s been great for that, and now that everything is at the end of its lifespan is a good time to really make it ours. But house prices aren’t rising insanely everywhere, house upkeep isn’t free (there are always “modifications”), and at least here the average ROI for being a landlord is abt 4-6%, same as stocks lately, and that’s assuming no major surprises.
Katana314@lemmy.world 3 weeks ago
If you only own one house, it sucks to have luck like that. But, it’s like the dips in stock prices - overall, the value of the whole market goes up over time. Those treating homes as investments tend to buy in the demand areas, where a few lofty renovations don’t dent their bottom line.
211@sopuli.xyz 3 weeks ago
If you get an investment house you plan to keep for 20+ years, those in-demand areas change (here’s hoping the next areas to lose their lustre will be the car-dependent suburbia).
bunchberry@lemmy.world 3 weeks ago
Not sure I see the relevance. Yes, housing maintenance costs money, what’s the relevance? Who says housing upkeep is free? What’s the relevance to anything at all?
211@sopuli.xyz 3 weeks ago
“Sold it for a much higher price without ever using or modifying it.” Proper upkeep over several years counts as “modifying it” IMHO.
Mwa@lemm.ee 3 weeks ago
Seeing alot of touhou in the fediverse lately.
yamanii@lemmy.world 3 weeks ago
Piemanding@sh.itjust.works 3 weeks ago
Touhou will take over the world!
Mwa@lemm.ee 3 weeks ago
Yes, Zun will force people to play touhou on lunatic mode /j
criss_cross@lemmy.world 3 weeks ago
This is how I learn there’s a lego death star now?
TriflingToad@sh.itjust.works 3 weeks ago
you haven’t seen spider man?
coolguy@piefed.social 3 weeks ago
Just as with all of those items, the "solution" is to decrease regulation and increase supply in the market.
stevedice@sh.itjust.works 3 weeks ago
This is literally what caused the UK to fall back into a housing crisis that they had mostly solved with heavy regulation.
Shardikprime@lemmy.world 3 weeks ago
Arbitrage is a practice as old as the world. I don’t see where is the problem in that
surewhynotlem@lemmy.world 3 weeks ago
People with lots of money shouldn’t be allowed to make other people suffer.
If I punched you in the face, I’d be in trouble. But if I drive up housing process so you become homeless, well that’s your fault.
Sarmyth@lemmy.world 3 weeks ago
What the hell does that have to do with luxury goods? The house is the only thing you Might not consider a luxury good because you need housing but, owning your own property and not sharing walls with a neighbor is in fact, a luxury.
d00ery@lemmy.world 3 weeks ago
Lots of practices are as old as the world. Doesn’t make them right
icdmize@lemm.ee 3 weeks ago
All that shit’s gone to garbage except for houses, don’t ask me how I know. <_<
Blackmist@feddit.uk 3 weeks ago
It’s only investing because there’s practically no risk.
Shadowq8@lemmy.world 1 week ago
you can’t have cheap housing, because it would crash the lending economy. There must always be a motivating factor for you to work for monopoly money that is losing value. That is debt.
SharkMommy@lemmy.blahaj.zone 3 weeks ago
Not the Fumo
Wolixoriginal@lemmy.ml 3 weeks ago
lol 😂
slaacaa@lemmy.world 3 weeks ago
Housing is a basic human need, it shouldn’t be allowed to be only an investment. With the other items, you can just say “so don’t buy it”, which is not possible with housing, you have to pay for it, even of you wouldn’t like to.
bunchberry@lemmy.world 3 weeks ago
fumo is a basic human need
Viking_Hippie@lemmy.world 3 weeks ago
calcopiritus@lemmy.world 3 weeks ago
I’d bet if you were a lego fan you’d say the same about legos.
Housing and concerts are orders of magnitude apart in “importantness”. All of the items above are not needed to live. A home is needed.
killingspark@feddit.org 3 weeks ago
I agree that “just don’t buy it” is not that easy for culture in general, it could be applied to hypermonetized events.
I’m not sure I get your second point. How is Ticketmaster enabled by people boycotting events that get scalped?
Hyperlon@lemmy.world 3 weeks ago
An Important want for sure, but not a necessity in any way shape or form. You won’t die or get sick by not attending a concert or a guitar would be listed in survival guildes
Churbleyimyam@lemm.ee 3 weeks ago
Sustenance for the spirit.
timestatic@feddit.org 3 weeks ago
Honestly, I get what you mean, but it also provides funding for new housing projects to be built first, and if you weren’t allowed to invent in it it would also not really be possible to rent a house, since that relies on someone paying for the house first.
lightrush@lemmy.ca 2 weeks ago
Housing construction isn’t funded by existing housing investment. It’s generally funded by debt. Private or public, just like any other capital intensive endeavor. And debt isn’t created by lending people’s savings but by creating new money. By public or private lenders. (Private lenders create money too.)