this post was submitted on 01 Apr 2024
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[–] [email protected] 42 points 1 year ago (3 children)

I'll repost a comment I made before again here:

If you have half the population each have 1 investment property. You must have the other half renters. You literally want to create two classes. Those with investment properties and those with no property. One class above another. You’re just using billionaires as a shield. You want to put yourself in a class above other people.

We should all work so that each person has one home.

And the “I don’t want to work until I die” should be covered by social insurance/social security instead of making someone else a renter.

context: https://lemmy.ca/comment/4927203

[–] [email protected] 9 points 1 year ago

Capitalism is literally moving us back into feudalism. Everything is for sale. Even democracy, it seems. Perhaps fascism would be more profitable? Market is bullish on fascism!

[–] [email protected] 2 points 1 year ago (3 children)

This is only true if there's the same number of houses as people. There are way more houses than people.

Trash analogy

[–] [email protected] 19 points 1 year ago

If there are more than enough houses then an investment house would be a bad investment since no one would need to rent it and/or no one would want to buy it with a good profit margin. Instead, they're buying houses that people want, which is driving up home prices and letting them set high rents.

[–] [email protected] 4 points 1 year ago

It is not an analogy. That's just math.

I'd like you to show the math as to what the ratio and relation between landlords and renters are.

I'll wait.

Some more scenarios:

If there are more houses than people, then investors would loose money and housing won't be a good "investment".

If there are fewer houses than people, then the same situation would unfold now just there would be homeless people.

I'd like to see this demonstrated as false.

Also this fits perfectly fits within supply demand curves.

If you have people who want to own homes + an investment property, you'd've increased demand compared to everyone just wanting one home. D*2 > D. Hence the mere act of desiring investment properties and acting on that desire causes prices to increase. Prices only decreases when supply increases. As S ▲, then prices fall, P ▼. However the set amount of humans stay the same. So the following scenarios are possible: [N+0], Everyone wants one home [N+I], At least one person wants an investment property

  1. S[=N+0]=D[=N+0], P-
  2. S[=N+0]<D[=N+I], P▲
  3. S[<N+0]<D[=N+0], P▲
  4. S[<N+0]<D[=N+I], P▲
  5. S[>N+0]>D[=N+0], P▼
  6. S[<N+I]<D[=N+I], P▲
  7. S[>N+0]>D[=N+0], P▼
  8. S[>N+I]>D[=N+I], P▼
[–] [email protected] 4 points 1 year ago (1 children)

There are 8 billion houses? Do you count mud huts into that?

[–] [email protected] 1 points 1 year ago

8 billion? in Canada? Source?