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thoughtcrimeboss
@thoughtcrimeboss
The reason nobody can afford a house now is simple, government intervention in free markets distorting prices. Not that you can even really own a house because you are forced to pay rent for the rest of your life in the form of property taxes that go straight to the pockets of corrupt government officials who are paying their cousins $100,000 to do a powerpoint presentation on the feasibility of doing a study on maybe fixing a single pothole. Oh wait it's not all bad, some of that money helps fund the schools right? You mean the place where the government brainwashes your kid to not question authority and to be a good little worker drone?
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Chainleft
@chainleft
I don't know this seems very much like free market capitalism to me
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thoughtcrimeboss
@thoughtcrimeboss
Free market capitalism it is not IMHO. Some of these corporations that are buying these properties wouldn't even exist today without intervention in free markets. They would of went bankrupt. Years of access to artificially cheap capital because of the Federal Reserve's interference in free markets have helped these corporations not only survive but acquire massive portfolios of property. What do you consider to be "free market capitalism"?
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Chainleft
@chainleft
Flats are on the market. Anyone's free to buy them. There's no regulation that prevents corporations from buying "basic needs" (shelter) to turn profit. Corporations have money. They buy. This is textbook free market capitalism. As for "access to cheap capital", the free market argument would be "everyone could freely access cheap capital then" (ignoring the externalities like pre-existing capital of course).
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