If demand is so big, of course only housing with the highest margins is developed, which is the luxery market.
BS. There’s no market for overpriced accommodation which developers finally understood so they’re dialling it down. Took them long enough.
If there would be a surplus to the point that the speculative capital doesn’t find a buyer when selling, prices would be much lower.
It’s not about not finding a buyer. It’s about finding a buyer that meets their ROI demands, otherwise they’re happy to just let properties sit idle. That’s the “speculation” part.
Again, the solution is regulation in the form of taxing vacant property. Can’t find a tenant, you say? City will be happy to provide you with one, straight off the top of the waiting list for social housing. Not the price range you want to rent for? Well, then you can pay taxes until you think otherwise.
In the end, money is power. If you don’t want all the power to end up with whoever happens to have money you gotta stomp people with money at some point or the other. When they whine, tell them they should become better business people, not invest in such stupid schemes as trying to turn a working class neighbourhood into accommodation for billionaires.
This should take cheap Chinese brands off the market that don’t have a support network in Europe.
Turkish, more like, China isn’t really in the market here and Beko rules the low end. Still, two years warranty instead of the one year that’s the legal minimum.
And honestly, 120 Euro fridges turning into 150 Euros fridges would be a good thing. Building things in a solid way is a different thing than blinging it out: Don’t push designers to get rid of the fourth bolt for the attachment plate, don’t save fifty cents by buying cheap lubricant, penny pinching is a disease. May increase GDP in the broken window way but who the hell wants that.
A surplus in supply would threaten them with an infinite time to wait for their target ROI.
the solution is regulation in the form of taxing vacant property
fully agree
If you don’t want all the power to end up with whoever happens to have money you gotta stomp people with money at some point or the other
Fiat currency. Public banks can hand out credits to whomever wants to build with a solid calculation.
If you don’t want all the power to end up with whoever happens to have money you gotta stomp people with money at some point or the other
You tax them. Of course only possible if the masses are not manipulated. Drones and AI, stomping would only be possible for something like 5 more years. Afterwards there is not much more power left.
120 Euro fridges turning into 150 Euros fridges
More like 120 Euro fridges leave the market and 150 Euro fridges cost 200 Euros.
Building things in a solid way is a different thing than blinging it out: Don’t push designers to get rid of the fourth bolt for the attachment plate, don’t save fifty cents by buying cheap lubricant
I want to live in a society where people choose the solid products on their own. Everything else calls for trouble down the line.
May increase GDP in the broken window way but who the hell wants that.
A surplus in supply would threaten them with an infinite time to wait for their target ROI.
Dindingding winner winner chicken dinner. That’s exactly what’s happening. Question still being why such stuff should be allowed in the first place, why should ordinary folks have trouble getting apartments just so that some rich fucks can try to make profit.
Fiat currency. Public banks can hand out credits to whomever wants to build with a solid calculation.
You can’t just print money because inflation. That said, yes, public banks are absolutely able and willing and happy to invest in housing projects. It’s how e.g. these folks get much of their money. Things get difficult though when there’s speculators throwing money around, artificially increasing property, land, and construction prices. Public and cooperative banks are generally happy if your project earns enough rent to finance their fixed-term deposit rates but with inflated costs earning that rate means inflating rents and then you again might be out of people who can afford it.
Side note the mortgages on multiple flat type properties don’t tend to get paid down, ever: By the time the mortgage matured it’s time to renovate the thing, and you roll it over into a new one. Still the rent prices you can achieve with that are nothing like you see on the open market.
I want to live in a society where people choose the solid products on their own. Everything else calls for trouble down the line.
It is irrational to expect rational behaviour from people.
BS. There’s no market for overpriced accommodation which developers finally understood so they’re dialling it down. Took them long enough.
It’s not about not finding a buyer. It’s about finding a buyer that meets their ROI demands, otherwise they’re happy to just let properties sit idle. That’s the “speculation” part.
Again, the solution is regulation in the form of taxing vacant property. Can’t find a tenant, you say? City will be happy to provide you with one, straight off the top of the waiting list for social housing. Not the price range you want to rent for? Well, then you can pay taxes until you think otherwise.
In the end, money is power. If you don’t want all the power to end up with whoever happens to have money you gotta stomp people with money at some point or the other. When they whine, tell them they should become better business people, not invest in such stupid schemes as trying to turn a working class neighbourhood into accommodation for billionaires.
Turkish, more like, China isn’t really in the market here and Beko rules the low end. Still, two years warranty instead of the one year that’s the legal minimum.
And honestly, 120 Euro fridges turning into 150 Euros fridges would be a good thing. Building things in a solid way is a different thing than blinging it out: Don’t push designers to get rid of the fourth bolt for the attachment plate, don’t save fifty cents by buying cheap lubricant, penny pinching is a disease. May increase GDP in the broken window way but who the hell wants that.
A surplus in supply would threaten them with an infinite time to wait for their target ROI.
fully agree
Fiat currency. Public banks can hand out credits to whomever wants to build with a solid calculation.
You tax them. Of course only possible if the masses are not manipulated. Drones and AI, stomping would only be possible for something like 5 more years. Afterwards there is not much more power left.
More like 120 Euro fridges leave the market and 150 Euro fridges cost 200 Euros.
I want to live in a society where people choose the solid products on their own. Everything else calls for trouble down the line.
I don’t undderstand that.
Dindingding winner winner chicken dinner. That’s exactly what’s happening. Question still being why such stuff should be allowed in the first place, why should ordinary folks have trouble getting apartments just so that some rich fucks can try to make profit.
You can’t just print money because inflation. That said, yes, public banks are absolutely able and willing and happy to invest in housing projects. It’s how e.g. these folks get much of their money. Things get difficult though when there’s speculators throwing money around, artificially increasing property, land, and construction prices. Public and cooperative banks are generally happy if your project earns enough rent to finance their fixed-term deposit rates but with inflated costs earning that rate means inflating rents and then you again might be out of people who can afford it.
Side note the mortgages on multiple flat type properties don’t tend to get paid down, ever: By the time the mortgage matured it’s time to renovate the thing, and you roll it over into a new one. Still the rent prices you can achieve with that are nothing like you see on the open market.
It is irrational to expect rational behaviour from people.
https://en.wikipedia.org/wiki/Parable_of_the_broken_window