Lurker > benjjjamin

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TopicHow much United Airlines stock should I currently buy?
benjjjamin
04/12/17 3:58:38 PM
#45
So this is what your modern playstation ebay flipper does. Scours the news all day for a chance at a 400 dollar flip, when you could have made 3 times that doing something legitimately for income.

This pool hall market player bit isn't how real money is made in the market. All of those options are unavailable to you. The only reason you're allowed to make your 3.2% profit is in the event that they need a fall guy to dump their losses onto.

That would be you, wal street hero.
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TopicWhat is wrong with gentrification?
benjjjamin
04/09/17 11:10:36 AM
#100
Gentrification is a nice thing to happen to cities, but the way it's done is very shady.

Lobbyists from real estate get cities to change their property tax structure to scale more with land value.
Businesses work the other end of the city's legislature to pitch putting business in the area if THEIR property taxes are kept low.
The city agrees, and businesses are paid to invest in the neighborhood. As values rise, property taxes on homeowners rises.
Meanwhile, real estate lobby has gotten the city to change their rental laws, so that homeowners can't rent their homes to hipsters, or have to jump through undue hoops to do so, giving them two choices for most people: stay or leave.
The lower economic homeowners leave.

It's essentially lobbying and politics being used by business and real estate to kick people out of their homes for profit.
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