this post was submitted on 29 Nov 2024
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The worst thing about this is that housing is essential, while all the other things aren't. Scalpers only take advantage of other people's shopping addiction, while these so-called "investors" take advantage of other people's basic needs.
I'll add to that: The PlayStation etc scalpers at least give you a still-new product at the inflated price. The landlords rent it out for additional income and THEN sell it at a profit.
So it's more like buying a PS5 for $500, having somebody rent to play it for $100/mo, then selling it for $800 after a year
This isn't even true were I live. Investors will buy new appartments and leave them empty and sell them a few years later. Renting them would decrease the value more than the income is. It's worse than you thought.
That's why they are held in higer regard
👏👏👏
basic needs make good investments unless the government supplies a viable alternative.
psychopath behavior
Unable to see the argument behavior. The government, the other commenter is saying, must provide a viable alternative in order to prevent this behavior.