• 0 Posts
  • 15 Comments
Joined 1 year ago
cake
Cake day: July 1st, 2023

help-circle


  • CaptainProton@lemmy.worldtoNo Stupid Questions@lemmy.worldXXX
    link
    fedilink
    English
    arrow-up
    1
    ·
    edit-2
    8 months ago

    The thing about real estate though, is that supply is inelastic. Your one landlord cannot just turn up production and pump out a million widgets of housing. They’ll sell out, fast. And you’re back to square one.

    All the sophisticated (institutional) landlords modeled and realized that with higher prices and lower occupancy rates they still make more money, and they all use ONE company to set their price on each unit.


  • CaptainProton@lemmy.worldtoNo Stupid Questions@lemmy.worldXXX
    link
    fedilink
    English
    arrow-up
    4
    arrow-down
    2
    ·
    8 months ago

    Game theory, it’s in the interest of every landlord if prices go up a little, so the overwhelming majority will raise rent.

    Fact is only so much stuff is made and only so much space exists and only so many people exist to make and build etc. Money is just an abstraction for allocating those resources. Broadly speaking the market would adjust and everything would remain the same for 95% of people. The HOPE of UBI advocates is that, after adjustments to prices, the UBI would have an impact on that last 5%.










  • CaptainProton@lemmy.worldtoMemes@lemmy.mlHonestly
    link
    fedilink
    English
    arrow-up
    6
    arrow-down
    13
    ·
    10 months ago

    Funny thing that, European countries haven’t lasted nearly as long as the US on average: revolutions, conquest, coups. Only a couple of monarchies and even those had some big changes in the way the government is structured like with constitutional changes. The US, though, has a ton of new laws but is fundamentally unchanged.