Current Events > Two critical resources pumped to high heaven because they are being treated as

(+) Yeah! (+)

commodities instead of necessities.

https://www.bloomberg.com/opinion/articles/2022-03-21/housing-bubble-auto-bubble-how-to-make-money-from-both

That article says nothing about the point in the op.

Landlords contribute nothing so society and housing should be treated the same as other utilities. Affordable housing guaranteed for all. Max of 2 properties per person. A holiday home or a single investment home, no more than that. If theres ever a lack of housing, peoples second properties are taken away from them. It wouldnt nearly be as bad if rent was priced as it should be which is a fraction of the cost of actually buying the house. This would be balanced by the fact that when youre renting that money disappears into the void but when you purchase a home you are paying towards something you own.

https://www.bloomberg.com/opinion/articles/2022-03-21/your-home-is-worth-a-lot-more-so-how-do-you-get-that-in-cash?srnd=opinion&sref=ZtdQlmKR

Commodities and necessities have never been mutually exclusive

Kloe_Rinz posted...

Landlords contribute nothing so society and housing should be treated the same as other utilities. Affordable housing guaranteed for all. Max of 2 properties per person. A holiday home or a single investment home, no more than that. If theres ever a lack of housing, peoples second properties are taken away from them. It wouldnt nearly be as bad if rent was priced as it should be which is a fraction of the cost of actually buying the house. This would be balanced by the fact that when youre renting that money disappears into the void but when you purchase a home you are paying towards something you own.

If we're going on the scale of what they contribute to society -- why are you going after Landlords and not Day Traders/Commodity Traders/Stock Traders? Short Sellers? What do they contribute?
A short seller can cost a country an astronomical sum, and a Commodity Trader can raise the usual price of an ingredient such as chocolate to 5x it's usual price, to profit.

Timmyjinkle posted...

If we're going on the scale of what they contribute to society -- why are you going after Landlords and not Day Traders/Commodity Traders/Stock Traders? Short Sellers? What do they contribute?
A short seller can cost a country an astronomical sum, and a Commodity Trader can raise the usual price of an ingredient such as chocolate to 5x it's usual price, to profit.

This is actually a very valid point, theres a lot of fucked up positions in the financial system that costs the average person and the world at large a whole hell of a lot more than the average landlord

Timmyjinkle posted...

If we're going on the scale of what they contribute to society -- why are you going after Landlords and not Day Traders/Commodity Traders/Stock Traders? Short Sellers? What do they contribute?
A short seller can cost a country an astronomical sum, and a Commodity Trader can raise the usual price of an ingredient such as chocolate to 5x it's usual price, to profit.

We should be going after all of them

Timmyjinkle posted...

A short seller can cost a country an astronomical sum, and a Commodity Trader can raise the usual price of an ingredient such as chocolate to 5x it's usual price, to profit.

Lol can you back that up even a little bit

How tf does a short seller cost a country an "astronomical sum" ?

g980 posted...

Lol can you back that up even a little bit

How tf does a short seller cost a country an "astronomical sum" ?

I mean, its bad enough that short selling is illegal in quite a few countries. But its not so much short selling thats the issue but more that the large players who are trading, long or short, are doing so from a purely speculative and profiteering standpoint, and their actions can gravely affect cost of necessities throughout the world for the average person

g980 posted...

Lol can you back that up even a little bit

How tf does a short seller cost a country an "astronomical sum" ?

Yeah, sure -- (he was short-selling bonds)

"Official figures at the time showed that reserves had only dwindled by 2bn. Overall, the cost of the operation was estimated at 3.3bn.
Mr Soros made 1bn from his position, earning him the nickname "The man who broke the Bank of England"." -- https://www.independent.co.uk/news/business/news/black-wednesday-john-major-norman-lamont-1992-bank-cost-a8460626.html

He also did the same to Thailand -- which was not a "rich" Western Country that could absorb it (a lot of people suffered):

Soros himself has remarked:

For instance, by selling the Thai baht short in January 1997, the Quantum Fund managed by my investment company sent a market signal that the baht may be overvalued. Had the authorities responded to the depletion of their reserves, the adjustment would have occurred sooner and been less painful. But the authorities allowed their reserves to run down; the break, when it came, was catastrophic."

-- https://www.businessinsider.com/how-george-soros-broke-the-bank-of-thailand-2016-9?r=US&IR=T

It also caused a chain reaction, which effected Indonesia:

"Nevertheless, few if any foresaw an economic downturn in Indonesia of the rapidity or depth of that triggered by the Thai financial crisis
of mid-1997, much less that it could lead to the collapse of the Soeharto regime."

Which caused serious malnutrition:

"The official figures indicate that poverty in Indonesia increased from 22.5 million (11.3%) in 1996 to 36.5 million (17.9%) in 1998. Food production decreased by 20-30% in some parts of the country. Compared with prices in January 1998, food prices had escalated 1.5- to threefold by August/November 1998 when acute food shortages occurred, especially in urban Java. Coupled with a drop in purchasing power, the higher food prices worsened health, nutritional status and education of children of urban poor and unemployed families."

-- https://pubmed.ncbi.nlm.nih.gov/11708583/

Timmyjinkle posted...

Yeah, sure -- (he was short-selling bonds)

"Official figures at the time showed that reserves had only dwindled by 2bn. Overall, the cost of the operation was estimated at 3.3bn.
Mr Soros made 1bn from his position, earning him the nickname "The man who broke the Bank of England"." -- https://www.independent.co.uk/news/business/news/black-wednesday-john-major-norman-lamont-1992-bank-cost-a8460626.html

He also did the same to Thailand -- which was not a "rich" Western Country that could absorb it (a lot of people suffered):

Soros himself has remarked:

-- https://www.businessinsider.com/how-george-soros-broke-the-bank-of-thailand-2016-9?r=US&IR=T

It also caused a chain reaction, which effected Indonesia:

"Nevertheless, few if any foresaw an economic downturn in Indonesia of the rapidity or depth of that triggered by the Thai financial crisis
of mid-1997, much less that it could lead to the collapse of the Soeharto regime."

Which caused serious malnutrition in millions:

"The official figures indicate that poverty in Indonesia increased from 22.5 million (11.3%) in 1996 to 36.5 million (17.9%) in 1998. Food production decreased by 20-30% in some parts of the country. Compared with prices in January 1998, food prices had escalated 1.5- to threefold by August/November 1998 when acute food shortages occurred, especially in urban Java. Coupled with a drop in purchasing power, the higher food prices worsened health, nutritional status and education of children of urban poor and unemployed families."

-- https://pubmed.ncbi.nlm.nih.gov/11708583/

Acking, this is worth more than a 10s shitpost response so lemme reply after work

Im not touching it.

Never been a gambler.

I wish it was possible to actually completely own something in this country.

whitelytning posted...

That article says nothing about the point in the op.

so long as I pay my property taxes and mortgage payments

https://www.bloomberg.com/opinion/articles/2022-03-21/the-real-winner-of-the-used-car-bubble-is-revealed-auto-financing-units