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 carom on Saturday August 13, 2022 @01:15PM (#32451819)
>b) is selling a propery for more than 3% (inflation adjusted) of the intial purchase value

This makes it more profitable to sit and collect rent than to sell. Property will never change hands. I hope the current owner knows how to build.

[ Parent | on HN ]
Re:Ask HN: Anyone else feels the commoditization of real est... by badrabbit on Saturday August 13, 2022 @09:35PM (#32455526)
Except for new homes right? So what if property never changes hands so long as new housing can accomodate population growth? Also, people sell when they move so there is that
[ Parent | on HN ]