Re:Coronavirus-afflicted global economy is almost certainly ...
by kerkeslager on Thursday April 16, 2020 @08:24AM
(#22888636)
> No one is sitting on a pile of apartments, or ventilators, or college spots, or food distribution capacity. There is fixed amount of that stuff out there right now.
Well actually, at least two of your examples are clearly wrong. In NYC, one of the most competitive housing markets in the world, one in four luxury apartments is vacant[1] while the homeless freeze to death outside each winter. Any shortage of food is hard to argue when we're turning corn into fuel instead of food[2]. The only reason people aren't sitting on piles of ventilators yet is that the high demand is new enough that a way of making money by letting people die of suffocation hasn't yet emerged.
Well actually, at least two of your examples are clearly wrong. In NYC, one of the most competitive housing markets in the world, one in four luxury apartments is vacant[1] while the homeless freeze to death outside each winter. Any shortage of food is hard to argue when we're turning corn into fuel instead of food[2]. The only reason people aren't sitting on piles of ventilators yet is that the high demand is new enough that a way of making money by letting people die of suffocation hasn't yet emerged.
[1] https://www.nytimes.com/2019/09/13/realestate/new-developmen...
[2] https://www.forbes.com/sites/stevensalzberg/2016/04/25/why-a...