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I think you literally proved his point. It’s because capitalism that developers only build profitable properties. They will not build anything that devalues the
by bendergarcia 3y ago
I think you literally proved his point. It’s because capitalism that developers only build profitable properties. They will not build anything that devalues their own portfolio. That’s just capitalism for you.
- rank0 3y agoIm trying to lead him to the conclusion that “capitalism evil” is a silly stance. Why aren’t you and GP out there building houses for a loss? None of the people complaining about capitalism ever actually practice their own ideals. Anyone is free to start a non-profit org that builds homes and you can still cut yourself + employees a salary.
- PeterStuer 3y agoI did not say 'capitalism evil'. It has its strong and weak points. It is just that enlisting everything and everyone on the planet into a pure financial model that can be leveraged for rents and speculaion is what it is about.