this post was submitted on 13 May 2025
996 points (98.3% liked)
Technology
70163 readers
3473 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
What happened to price being set by individual willing to buy? How did we get back to anonymous markets again?
You can talk "market rate" or you can talk "biggest sucker". But the wholesale rate is very different from individual sales made under false pretexts.
You'll have the "overpriced" properties fill up after the "underpriced" properties, with some uncleared inventory unless demand exceeds supply.
But surplus housing is preferable to homelessness.
They are one in the same. The anonymous market is an estimate of what an individual will be willing and able to pay, the true value is cash in hand after surrender of title.
Where has a "wholesale rate" ever existed for titled real-estate? You might buy a piece of land and sub-divide it, but each transaction is its own negotiation of value between seller and buyer.
With what? Second class citizens who can't get what they really want?
We've got oodles of surplus housing, what we lack is a rational distribution of wealth.