• grue@lemmy.world
    link
    fedilink
    English
    arrow-up
    1
    arrow-down
    1
    ·
    7 months ago

    Well, they could certainly try, fail, and go bankrupt when the rents and values collapse. (If that’s not the result, it just means you need to densify the zoning even harder.)

    • gimpchrist @lemmy.world
      link
      fedilink
      arrow-up
      3
      arrow-down
      1
      ·
      7 months ago

      So everybody has to live toe-toe like God damn sardines because these people are too greedy? Sounds so great.

      • grue@lemmy.world
        link
        fedilink
        English
        arrow-up
        1
        arrow-down
        2
        ·
        7 months ago

        No, everybody has to live toe-toe because they all want to live in the same place. The ‘landbastards’ are ultimately just red herrings that have nothing to do with it.

    • exocrinous@startrek.website
      link
      fedilink
      English
      arrow-up
      1
      ·
      7 months ago

      Bruh, people are making money on Bitcoins and nfts. Speculative investments don’t need to have any tangible value to be profitable. It doesn’t matter that there’s more houses than anyone could ever live in. It’s a tulip panic, actual value is irrelevant.