@PhantasticPink @gabrielbreatzit @notCornbutCob @fbgcon because of rent controls. They can’t charge what the market demands so they don’t have money for repairs and renovations
English
neotene
31 posts
@Neotenicus @gabrielbreatzit @notCornbutCob @fbgcon Landlords let buildings go derelict with or without tenants all the time.
English
“As Asness of AQR Capital Management says, "We still don't know if Rand's heroes are realistic. We can debate that. But I'd say these days that the jury is in that her villains are pretty realistic."”
reason.com/2009/11/09/ayn…
Great minds and all that.
neotene@Neotenicus
@CliffordAsness Ayn Rand’s heroes may be far fetched, but her villains are spot on.
English
English
@DavidStacy410 @notCornbutCob @fbgcon @Neotenicus And landlords aren’t owed buildings and people paying their mortgage and bills, hth!
English
English
@ThroughZeroFM @Neotenicus @fbgcon Wild statement from a grad student who probably has to do their professors chores for them.
English
English
@Neotenicus @gabrielbreatzit @notCornbutCob @fbgcon Nah, you didn’t built it, you just bought it. Still useless for society and will be taken away. We have these guys also and we don’t need them too
English
Then don't rent from them? No one makes you...
Notes I have on this:
1.) Homeownership requires large down payments, good credit, and a willingness to stay put. Landlords absorb that capital risk and illiquidity so that the young, the mobile, the newly divorced, and the recently relocated don't have to.
2.) Without landlords, aging properties would deteriorate or sit vacant.
3.) The most important single central fact about a free market is that no exchange takes place unless both parties benefit. Substack A tenant who signs a lease believes the housing is worth the rent — otherwise they wouldn't sign. The landlord isn't doing something to the tenant; they're making them an offer the tenant is free to decline.
English
@notCornbutCob @fbgcon @Neotenicus Landlords contribute nothing to society and it’s not our job to pay their bills hth
English
@LeadingReport It's not the baby boomers. The primary crime is that the government has inserted itself into housing, healthcare, and everything else so thoroughly that the market price of buying a house is now mostly the price of government distortion.
English
First-time homebuying has dropped to a record low, with baby boomers limiting opportunities for younger Americans to own homes, per NYP.
English
@Neotenicus I was quoted saying almost exactly that about 15 years ago!
English
It’s not “unfair”, it hurts nobody, it’s not a sure money machine (they don’t always go up and won’t under you), and you’re a jihadist communist so F all the children who voted you in and F you.
If you need further explanation see: x.com/cliffordasness…
But you smile pretty. What a charmer. Morons.
Mayor Zohran Kwame Mamdani@NYCMayor
Happy Tax Day, New York. We’re taxing the rich.
English
Can someone document: when was the last regicide committed by a state before this recent episode?
And when was the last negociator assassinated?
English
@mansourtarek_ Looks like LIV Golf didn’t ruin the majors like Rory said it would
English
The Masters was bigger than the Super Bowl on Kalshi.
English
@upstatefederlst The primary crime is that the government has inserted itself into housing, healthcare, education, and childcare so thoroughly that the market price of raising a child is now mostly the price of government distortion
English
This is $16k/year or slightly over $1k/month.
What are we doing here?
Breaking911@Breaking911
Raising a child to age 18 now costs more than $303,000—a staggering 27.8% increase since 2023.
English
@nikitabier The asset class that fixes itself by adding more asset classes
English
Crypto has had a rough year. Maybe we should launch something to fix it.
English
Friends, stop drinking alcohol.
Not cut back. Eliminate.
> alcohol increases cortisol
> disrupts REM sleep
> accelerates epigenetic aging
> shrinks hippocampal volume
> elevates resting heart rate
> raises inflammatory markers
> impairs glucose metabolism for 16 hrs
One drink does that.
English