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Joined 1 year ago
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Cake day: July 5th, 2023

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  • We arent a homogenous group, but ill tell you my personal opinion.

    I trust you when you say your aunt is not bad, but what she is doing is bad (and i am sure she is unaware of it). Those 3 to 5 houses she bought are 3 to 5 houses that families cant buy. A few bad side effects:

    1. It lowers the housing stock in the area, so artifucial scarcity brings the prices up artificially.
    2. It seperates families from their communities. When your children grow up and have famailies ofbtheir own, they cant afford to stay in the community and are forced to leave
    3. The families that do stay and are forced to rent arent building any equity for their children. In effect, it stunts upward mobility.

    There are people who do want to rent, and people whoneed to rent, but that should happen in priperly dense apartment building designed specifically for that. When houses meant for families are snatched up to profit off of, it is parasitic.

    I get it, they are just trying to survive. They are playing the game that exists. Thats why i personally dont belive that most landlords like you are describing are bad people. I think the ultinate issue is that out elected officials do nothing about it. It should be illegal, or have tax implications that discourage the practice.




  • When i was in ny early 20s, i was a Ron Paul guy. When I was in my early 30s, I was a Bernie guy.

    So what changed, and what was the same? In my 20s, I didnt have a fundamental understanding of how money really works. Ron Paul was big on the gold standard, which makes sense kn the surface. Crypto is similar where it makes sense on the surface; finite supply means no inflation and no value loss. I somehow also reasoned that not having the gold standard was the cause of inequality, but I honeslty cant understand why, and i cant remember either.

    In my 30s, I understood how they money system works mich better. Why we left the gold standard, and how it was holding back progress. I understood how our money is actually backed by muscle, and therefore the national debt doesnt really matter all that much until the day comes when the dollar has no value, because the US is defunct.

    Im sure I have much more to learn as I am in my early 40s now.

    The point I am trying to make, is that your son probably lacks understanding and wisdom, and is currently easily swayed by surface level logic.

    Thisbis really in addition to the other great stuff people have said in here