this post was submitted on 22 Apr 2024
1005 points (81.2% liked)
A Boring Dystopia
9723 readers
896 users here now
Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.
Rules (Subject to Change)
--Be a Decent Human Being
--Posting news articles: include the source name and exact title from article in your post title
--Posts must have something to do with the topic
--Zero tolerance for Racism/Sexism/Ableism/etc.
--No NSFW content
--Abide by the rules of lemmy.world
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
"can be" passed to the renters, but in a free market someone else can do that for cheaper if it is their second home vs their 20th.
Each successive property is less and less profitable the more you have, compared to others that don't have as many.
But this is exactly the point - the market isn't free, it's being controlled. Primarily by companies that are buying up as many properties as they can.
As long ad there are at least two companies in an area, it will be less profitable for every extra property versus your competitor. That at least makes hoarding harder, as anyone can come in to out compete the two duopolies as their first will be way more profitable than the established's 11th. In turn, keeping prices down, scaled by the increase in taxes per extra property