“Private Collector”
The worst thing about this is that housing is essential, while all the other things aren’t. Scalpers only take advantage of other people’s shopping addiction, while these so-called “investors” take advantage of other people’s basic needs.
That’s why they are held in higer regard
👏👏👏
All that shit’s gone to garbage except for houses, don’t ask me how I know. <_<
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 an additional one for each child if he or she doesn’t have one yet.
The problem is most houses are being bought by huge companies, not people.
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.
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.
For sure. But we don’t even consider water a basic right and concede unlimited water rights to mega corporations before reserving water access to the local population. So I have no hope for that to happen with housing…
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.
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 to eat, 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).
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.
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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
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.
People who buy Lego to sell in the future actually do call it investing by the way
It’s scalping if you have a quick turn around, it’s investing if you take care if it to sell farther into the future. Seeing a recently released limited set for double the price on ebay is scalping, seeing a 20-30 year old mint set for double the price is investing.
Define a “home”. A cave? A tent? A huge loft? What is really necessary to survive?
A place where you won’t get sick, at a minimum
I’d add a place where you won’t get attacked or threatened while sleeping, and maybe where you can store your stuff that also won’t get stolen easily
Housing and concerts are orders of magnitude apart in “importantness”. All of the items above are not needed to live. A home is needed.
Which I conceded in the very first sentence. Seems like neither you nor the people downvoting paid enough attention to catch that, though.
Blaming customers and scalpers for a problem caused mainly by Ticketmaster can be a bad thing without it being anywhere near as important as housing or anywhere near as bad as inflating the price of same. It’s not a binary.
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?
How is Ticketmaster enabled by people boycotting events that get scalped?
They aren’t by that specifically, but they are by transferring the blame to scalpers and the victims of both scalpers and Ticketmaster…
Sustenance for the spirit.
Yeah. Not to mention that a lot of people’s social identity, social activities and sense of community are all tied up in going to concerts together…
They’re all pieces of shit and deserve to be kicked out an airlock into deep space.
For 1-5 you can blame the people paying scalpers prices instead of just waiting.
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?
If we all collectively agreed to not buy from scalpers the ticket sellers would have a real incentive to do something against the scalpers. Right now they don’t have to care.
That “solution” suffers from the problem that requiring hundreds of thousands or even millions of people to get informed about and agree to do something all in the same time period (it won’t work if some do it now and others only later) is incredibly more hard than it is for a few tens of people or maybe a couple hundred to as individuals swarm the sales venues and take all the tickets to resell them for more money.
Or putting things another way, it’s a mountain to climb for large numbers of people to organise and stop scalpers (and that, only for a while, since if people stop doing it the scalpers will return), whilst in the current commercial environment scalpers appearing is a natural outcome.
This kind of thing usually requires changing the structures that make scalping so easy, rather than hoping that somehow (magic?) hundreds of thousands or miliions of people agree to do something.
PS: Yeah, a cultural change would be it, but expecting it to just happen and all at the same time (given that early adopters of that practice won’t actually see any upside until a large enough mass of people have adopted it and they’ll start giving up if too much time goes by whilst they’re refraining from buying from scalpers and yet scalpers keep going because so many others are still doing it) is highly unrealistic.
I’m all for changing the structures that enable scalpers in the first place but that too requires agreement and action of many many people. So if we can’t even do that for something relatively small like tickets to concerts I doubt we’ll be able to change the system in general
Would thry?
The ticket seller doesn’t care if there’s an empty hall, he got paid early on.
You’re hoping that the scalpers don’t get enough return to be able to justify continuing to play their role.
You’re hoping that the scalpers don’t get enough return to be able to justify continuing to play their role.
Yes, that’s what “If we all collectively agreed to not buy from scalpers” would achieve. I get that that isn’t going to happen but it is still our collective fault.
Woah woah woah, we weren’t expecting an easy example to prove us wrong, how dare you.
You could, but they aren’t the ones causing the issue, they’re just enabling profits to be made from it.
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.
Oh yeah its totally affordable to just expand in existing houses. Why didn’t i think of that?
I didn’t say anything about affordability, just stated that it’s cheaper than purchasing land + house
I think that’s what caused the housing market to crash.
Surely it’ll happen one of these days right?
If my assumptions are correct, there should be a crash of something within the next 4-6 months. My problem is that a new president always means a new unknown variable, like Bitcoin did nearly double its value after Trump won, there will be a still unknown thing once he gets into office.
Damn I’ll probably be in a reeducation camp by then
Nah, it’s not worth the price of sending them up there. Just compost them.
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 our 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.
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.
Scalper no Scalping!
Not the Fumo
