Comment on Tesla Reportedly Has $800 Million Worth of Cybertrucks That Nobody Wants
MangoCats@feddit.it 3 days agomaintaining property at-cost.
As soon as you set “cost” for properties, popular / market opinion will make some properties more valuable than your fixed number, and some properties less. If the cost of acquisition of these properties doesn’t approximate the market value, you’ll have the overpriced properties abandoned and the underpriced properties fully occupied.
UnderpantsWeevil@lemmy.world 2 days ago
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.
MangoCats@feddit.it 2 days ago
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.