Comments by "\/" (@joebazooks) on "The new global menace: Property developers - Owen Jones | Comment Is Free" video.

  1. it only makes sense that within the current system people are going to get shafted no matter what. for instance, if you're a property owner, developer, manager, or whatever, and you have 10 units to get rid of or rent, each of which costs you $1 to develop or maintain per month, you're technically better off if you sell or rent each of those units at $4 as opposed to, say, $2 per month, even if the vacancy level is greater, as long as you're filling at least 2.5 units per month in order to recoup your initial investment. it's only natural to increase the price, even if it means greater vacancy, because that new vacancy is equivalent to greater potential surplus. something is worth only as much as somebody is willing to pay for it. most people get screwed, while a select few are able to capitalize. a shame, really
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