fordanjairbanks

fordanjairbanks t1_iuxt2f4 wrote

Have you looked at real estate across the country though? It’s not just metropolitan areas that saw insane price spikes due to supply being gobbled up and new construction not being nearly able to keep up pace with demand. You’re right in that it’s definitely down to ownership, but cornering the market requires owning (or effectively controlling the price of) all assets and that includes cutting off production, unless it’s at a controlled pace and part of a vertical monopoly anyway. But disruption would generally be bad for private equity right now, which, I believe, is why we’re seeing no investment here.

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fordanjairbanks t1_iuxmjld wrote

I would argue it’s less to do with being safe (look at the Florida condo collapses and tell me it’s not systemic) and more to do with choking the supply of new housing. Private equity in the US (Blackrock mainly) is the largest single owner of homes in the nation. It behooves them, and other institutional owners, to keep supply low since demand is inelastic. Putting out a message to VC firms that they’ll get buried if they invest in anything to help solve the housing crisis seems like it would be the most logical move for these giant financial institutions, and what individual VC is going to risk their entire portfolio to try and fuck over Blackrock? Not a single one could, even if they had the balls.

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fordanjairbanks t1_iumr6nl wrote

Because it’s a false equivalency here. The Oakland protests started peacefully before devolving due to police antagonism and some bad actors. These fascists used semis to blockade main roads and resorted immediately to violence, which is much closer to the Canadian blockade/Jan 6th than it is to what happened in Oakland.

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