Scalper economy
Scalper economy
You're viewing a single thread.
103 comments
-
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
-
👏👏👏
-
I'll add to that: The PlayStation etc scalpers at least give you a still-new product at the inflated price. The landlords rent it out for additional income and THEN sell it at a profit.
So it's more like buying a PS5 for $500, having somebody rent to play it for $100/mo, then selling it for $800 after a year
-
This isn't even true were I live. Investors will buy new appartments and leave them empty and sell them a few years later. Renting them would decrease the value more than the income is. It's worse than you thought.
-
-
basic needs make good investments unless the government supplies a viable alternative.
-
psychopath behavior
-
Unable to see the argument behavior. The government, the other commenter is saying, must provide a viable alternative in order to prevent this behavior.
-
-
-
103 comments