this post was submitted on 30 Jan 2024
1924 points (97.6% liked)
Lemmy Shitpost
26948 readers
3529 users here now
Welcome to Lemmy Shitpost. Here you can shitpost to your hearts content.
Anything and everything goes. Memes, Jokes, Vents and Banter. Though we still have to comply with lemmy.world instance rules. So behave!
Rules:
1. Be Respectful
Refrain from using harmful language pertaining to a protected characteristic: e.g. race, gender, sexuality, disability or religion.
Refrain from being argumentative when responding or commenting to posts/replies. Personal attacks are not welcome here.
...
2. No Illegal Content
Content that violates the law. Any post/comment found to be in breach of common law will be removed and given to the authorities if required.
That means:
-No promoting violence/threats against any individuals
-No CSA content or Revenge Porn
-No sharing private/personal information (Doxxing)
...
3. No Spam
Posting the same post, no matter the intent is against the rules.
-If you have posted content, please refrain from re-posting said content within this community.
-Do not spam posts with intent to harass, annoy, bully, advertise, scam or harm this community.
-No posting Scams/Advertisements/Phishing Links/IP Grabbers
-No Bots, Bots will be banned from the community.
...
4. No Porn/Explicit
Content
-Do not post explicit content. Lemmy.World is not the instance for NSFW content.
-Do not post Gore or Shock Content.
...
5. No Enciting Harassment,
Brigading, Doxxing or Witch Hunts
-Do not Brigade other Communities
-No calls to action against other communities/users within Lemmy or outside of Lemmy.
-No Witch Hunts against users/communities.
-No content that harasses members within or outside of the community.
...
6. NSFW should be behind NSFW tags.
-Content that is NSFW should be behind NSFW tags.
-Content that might be distressing should be kept behind NSFW tags.
...
If you see content that is a breach of the rules, please flag and report the comment and a moderator will take action where they can.
Also check out:
Partnered Communities:
1.Memes
10.LinuxMemes (Linux themed memes)
Reach out to
All communities included on the sidebar are to be made in compliance with the instance rules. Striker
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
For existing houses the investors might very well overbid the market price to get the lot, thereby making it inaccessible for any individual to realistically buy. They'll gladly overpay the market price on adjacent lots so they can "regenerate" the area, by stuffing four houses into two lots. Any individual simply wanting to buy the existing lot is out of luck, because it wouldn't ever make sense for them to overpay the asking price.
For new lots, it works so that whenever a city council decides to change the zoning of a lot of land to allow for residential construction, the price is set for investors to bid on. The entire lot is bought by an "investor" or "developer" who will either build on the lot or sell individual parts of the lot for others to build on. There's no risk. There isn't necessarily any work carried out. There's no service provided. It's just paying for ownership at one price, shuffling the papers and selling at a higher.
It's the same fucking thing as scalping, only over longer time and for larger amounts.
So the idea that "If it's so easy, why doesn't everybody do it?" or "It's fair, because they paid above asking price, you could just have bid higher" is wrong because I for one can't afford to buy ten fucking houses just to get one of them at the right price.
This is how capital accrues.