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Cake day: July 1st, 2023

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  • CaptainProton@lemmy.worldtoNo Stupid Questions@lemmy.worldXXX
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    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
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    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%.


















  • The problem there is that neither political party can reconcile this untrustworthiness of police with in their party line.

    I think to some degree this is tripped up by the parties positions on guns: Republican party messaging is pro-cop, but cannot trust police so much that it undermines the pro-gun position that you cannot actually trust police to be the only ones capable of protecting you. Conversely Democrat party’s messaging sort of distrusts police, but cannot openly distrust them to a degree that reconciles with actually NOT trusting them to be your only line of defense as it undermines this core political position that it is wrong for citizens to have the means for armed self-defense.