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Comment Re:Regulatory control (Score 1) 79

I would say under-regulation, or more to the point, mal-regulation. Unregulated markets inevitably settle into a worst case scenario given time.

In the case of residential property (which is what your link refers to), I agree that some of the regulations there are bad and need to be revised or eliminated. But they have nothing to do with the commercial space falling into squalor.

Comment Re:US Crypto Acceptance (Score 2) 49

"Trump seems to like crypto - he's opened up the crypto market in the US, and so people are inevitably coming to make some money out of it."

The reason el Bunko did that was so that he could cash in. He doesn't give a flying rat's ass about anyone else. It also has foreign policy implications. Pakistan wanted tariff relief and turned to funding crypto-lobbyists because the knew el Bunko would "appreciate" their support of his scam.

Comment Re:The neighborhood is going to shit (Score 1) 64

There was an article on the WSJ about a week or so ago that said roughly 60 % (or it might be 40 %, memory fades) of wage earners had money in the stock market in various guises. They have been buying on the dips. That, according to this article, is what has been propping up the market. There is also froth from AI-Mania. I suspect the big boys have been feeding it thinking they are savvy enough to bail in time when it all goes pear shaped.

The small investors have been doing this for quite awhile, and as long as they continue to do this, they continue to be rewarded; at least that is their thinking. They also tend to be a resilient lot because they've weathered downturns and buying into them in the past. I cannot judge what kind stomach they will have if a real gale blows or if the article was weighing their contribution as more than it deserves.

Comment Re:Using an economic lens (Score 1) 79

I think they are holding out to sell the buildings at full price.

Never gonna happen. Full price was before 10 years of decay and rodent infestation + neighborhood gone to shit. Nevertheless, high supply, low demand is supposed to result in low prices.

What a nice idea! But then the commons are not only not commons, but they become properties and whatever herdsman gets the biggest herd will buy it all up and you get a monopoly.

One, how so if the agreement is ownership in common. And two, how is it worse than it all being owned by a (land)lord who rakes in the better part of the profit while considering herding animals to be beneath him?

Sounds like you drank the cool aid.

Comment Re:this is getting old (Score 0) 160

I'm just old enough to remember when we were heading into a New Ice Age. Of course, Millennials tell me that never happened, but since I lived through the New Ice Age scare I know it did.

It's all been nonsense all my life. If you check even older newspapers you find "Climate Change" scams going back a hundred years or more. If it's hot, we're going to melt down, if it's cold we're going into a New Ice Age.

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