How Zillow's homebuying scheme lost $881M

Re:How Zillow's homebuying scheme lost $881M by qeternity on Saturday March 19, 2022 @07:18AM (#30732903)

You replied without understanding my comment. Let me pose the question back to you: if everyone can comfortably afford food, housing and basic necessities, what is going to cause population growth to level off?

Your characterization of bad things happening is exactly my point - you’re just failing to understand that I’m saying that’s the healthy part.

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Re:How Zillow's homebuying scheme lost $881M by white_dragon88 on Sunday March 20, 2022 @02:03AM (#30740526)

There are plenty of reasons why birth rates fall when everyone is well off. We’re not bacteria that mindlessly multiply when there are resources to do so. Educated, affluent population directly correlate with lower birth rates. In some countries that actually a big problem with no clear solution in sight.

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Re:How Zillow's homebuying scheme lost $881M by orangecat on Saturday March 19, 2022 @10:38AM (#30734076)

if everyone can comfortably afford food, housing and basic necessities, what is going to cause population growth to level off?

This is exactly backwards; both across and within countries, richer people have fewer children.

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Re:How Zillow's homebuying scheme lost $881M by qeternity on Sunday March 20, 2022 @04:55AM (#30741172)

The world cannot support 10 billion rich people (by current standards). High prices are one of a number of expected natural feedback mechanisms.

You’re pointing to a correlation which has no bearing on the future.

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Re:How Zillow's homebuying scheme lost $881M by ohgodplsno on Saturday March 19, 2022 @11:50AM (#30734753)

As the other response to you shows, you're the one missing the point. Population growth massively slows down the more your basic needs are met. Countries that have high children counts are countries where the solution to actually reaching wealth is multiplying until few of them die, or one of them ends up making a lot of money (relative to the country they live in).

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Re:How Zillow's homebuying scheme lost $881M by qeternity on Sunday March 20, 2022 @04:53AM (#30741167)

> Population growth massively slows down the more your basic needs are met.

No, this is the point you’re missing: your presumption is predicated on being able to meet everyone’s basic needs cheaply. What I’m saying is that this is not possible, and that high prices are the feedback mechanism.

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