cocaclub

4 ms·

1.
by cocaclub 1y ago
"Uber" was not the mic drop; "[Company] can use 'losing money today on one venture' as a business tactic, in search of higher future profits, if it has another source of cash to cover its losses," was, at least
2.
by cocaclub 1y ago
These are my feelings too, but in the interests of compassion, I would suggest a return of some proportion of equity to (human, non-LLC, non-corporate, primary resident) buyers in cash, up to bank failure. Hopefully they can then buy anothe
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by cocaclub 1y ago
Recognizing your frustration with reality's failure to adhere to the academic: the fact is that rent rates for corporate-owned units generally don't go down. At least, not in recent history. In the rare cases where cartel behavior
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by cocaclub 1y ago
How did Uber et al. offer services below cost until they'd driven out all competition? The property holdings are not these landlords' only source of income. Why would milk producers deliberately dump millions of gallons of milk (r
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by cocaclub 1y ago
Supply destruction to put a floor on prices is not an unknown phenomenon. The effort to make it seem silly to think that there aren't enough houses because the industry whose job it is to build houses did not build enough houses is its
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by cocaclub 1y ago
My guess is that the "leftist critique" isn't one of not wanting new houses built, but of not wanting extensive government subsidies and political energy to go to builders and other groups who will not solve the problem, a la