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Thread: Value Added to Society by Idle Shareholders and Landlords

  1. #61
    Cricketer Of The Year Ausage's Avatar
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    Quote Originally Posted by weldone View Post
    libertarian socialism.
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  2. #62
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    You must hate REITs weldone

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    Global Moderator Spark's Avatar
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    Quote Originally Posted by ankitj View Post
    Allow me to stereotype: Bangali Communist investment banker.
    Quote Originally Posted by Anil View Post
    isn't that a contradiction in terms?
    You joke but these people absolutely exist; I've talked to some. For the most part, their up-close-and-personal view of the financial system, whilst very positive for them personally, only strengthens their view that the whole system is fundamentally absurd.
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  4. #64
    TNT
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    Quote Originally Posted by weldone View Post
    Not sure what is the point you're trying to make. By 'landlord' I am referring to people who own multiple properties and rent out most of those. How are people being allowed to own properties that they don't intend to use helping the society in any way?

    These people have invested their money in the community, it provides strength to local land prices.
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  5. #65
    Cricket Web: All-Time Legend NZTailender's Avatar
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    Quote Originally Posted by TNT View Post
    These people have invested their money in the community, it provides strength to local land prices.
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  6. #66
    Global Moderator Spark's Avatar
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    High lands prices are Bad
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  7. #67
    International Debutant GoodAreasShane's Avatar
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    What exactly have I just read?
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  8. #68
    Global Moderator nightprowler10's Avatar
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    Quote Originally Posted by weldone View Post
    As I said earlier in the thread, if landlords aren't allowed to buy properties to rent out, the property prices will go down sharply. Houses will become much more affordable. "Those that cannot afford to buy one" in the current system will be able to buy by paying less monthly mortgage payment than their current monthly rent.
    You are ignoring the vast majority of renters that rent due to not wanting to assume the risk of owning a property or not having good enough credit history to be considered for a loan. I am a landlord and every tenant I've had fell into one of these categories, some of them had higher income than I did, but just didn't want to own anything. They were happy enough just worrying about paying the rent and calling me for any issues.
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  9. #69
    Global Moderator harsh.ag's Avatar
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    weldone, do you like VCs?
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  10. #70
    Request Your Custom Title Now! Uppercut's Avatar
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    Quote Originally Posted by sledger View Post
    It's not a case of semantics. I was just alluding to the fact that the so-called "public good" is a mythical and fanciful concept that has no real meaning, and is only invoked in situations where no other compelling justification for something can be produced.
    Haha whaaat. You’ll need to elaborate. This opinion has blown my little economist mind.
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  11. #71
    Request Your Custom Title Now! Uppercut's Avatar
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    Capital doesn’t contribute nothing, but the balance between returns to capital and returns to labour is a function of power and the power has shifted radically towards capital in the past few decades.
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  12. #72
    TNT
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    Quote Originally Posted by NZTailender View Post
    This must be awkward for you then, I can tell by your reference that you don't own a rental and you have little knowledge of investing.

  13. #73
    Global Moderator harsh.ag's Avatar
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    Quote Originally Posted by Uppercut View Post
    Capital doesn’t contribute nothing, but the balance between returns to capital and returns to labour is a function of power and the power has shifted radically towards capital in the past few decades.
    Only since about 2000

  14. #74
    Request Your Custom Title Now! Uppercut's Avatar
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    Quote Originally Posted by harsh.ag View Post
    Only since about 2000
    Yeah you think?

    I know it doesn't show up clearly in most of the numbers until 2000, but any explanation I've heard for it starts a while earlier.

  15. #75
    Global Moderator harsh.ag's Avatar
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    Quote Originally Posted by Uppercut View Post
    Yeah you think?

    I know it doesn't show up clearly in most of the numbers until 2000, but any explanation I've heard for it starts a while earlier.
    Yeah, they do, but I think they are mostly reaching. China has similar trends since 1998, and it just seems that the explanations are trying to not alienate those who are still pushing the "since 1973" narrative.

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