News for hackers. Stuff that matters.

A comment on Ask HN: Anyone else feels the commoditization of real estate is unethical?. Parent comment

Re:Ask HN: Anyone else feels the commoditization of real est... by bluefirebrand on Saturday August 13, 2022 @11:46AM (#32450952)
> It's counter-intuitive but the majority of housing has to be non-owner-occupied for prices to fall

It seems likely the only way this happens is if the majority of real estate is owned by corporations or governments.

Replace "corporations" with "wealthy nobility" and we don't need to imagine how that plays out. Historically that's never been good for workers.

[ Parent | on HN ]
Re:Ask HN: Anyone else feels the commoditization of real est... by closedloop129 on Saturday August 13, 2022 @12:25PM (#32451325)
Don't forget that you are living in a democracy. If the tenants can make the rules they don't have to repeat history. However, as the zoning laws show, they are short-sighted, and most likely will repeat history.
[ Parent | on HN ]
Re:Ask HN: Anyone else feels the commoditization of real est... by bluefirebrand on Saturday August 13, 2022 @04:43PM (#32453609)
Democracy is a system that rises out of power to the people.

People who own nothing have little power.

[ Parent | on HN ]