On: Why I Don't Invest in Real Estate

[andrewstuart]

It's the socialism for the rich that ruins it.

Tax breaks for property investors, tax incentives for property developers, handing large swatches of public owned land over the mates of the politicians for virtually nothing, selling houses to foreign buyers, selling houses to global money laundering criminal.

All to pump up the value of the housing portfolios owned by the politicians.

Whenever anyone says "let the market sort it out" I cheer and say "finally, the rich will stop getting their socialist handouts".

If that is your capitalist market economics then you might need to rethink how pure it is.

[rokkitmensch → andrewstuart]

People love to blame "capitalism" because they've never learned about "regulatory capture".

There's a missing perspective on the global governance bodies, that everything is born, matures, ossifies, is outcompeted, and dies.

Alligators and cockroaches perhaps the exception, but are those models for a life well lived?

[keb_ → rokkitmensch]

To be fair, people blame "socialism", and "communism" for similar reasons.

[rokkitmensch → keb_]

To be fair (to be faairrrrr), Communism's embedded contradictions flamed it out significantly faster than capitalisms has.

[keb_ → rokkitmensch]

To be fair, (to be faaaaiiiiiiiiiiirrrrrrr) that's besides the point, and every successful capitalist nation routinely contradicts free-market principles anyway.