this post was submitted on 31 Jan 2024
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How about we ban companies like Blackstone from buying up all the auction homes, lightly flipping them and then putting them back on the market as overpriced rentals?
They're a big reason for our housing shortage.
What about if we crowdfund a competitor to blackstone that rents out the houses at like a 20% discount to market rate and earmark a portion of rent collected each month for the tenants to have an equity stake in the property. Then more people would want to rent from us and eventually the vampires would lose interest. I wonder if something like that would be possible. Instead of legislating them out, we buy them out. But it does require a critical mass of people willing to set aside a bit of money that they don’t expect a market return on. But maybe if they thought of it more as charity.
Well, besides the fact that I imagine most people in the target audience would rather buy their first house than crowdfund discounted rental rates...
Do you pinky swear that once you overtake Blackstone , the 150 billion dollar company, you'll have the same intentions?
"Boromir: But it is a gift. A gift to the foes of Mordor. Why not use this Ring? Long has my father, the Steward of Gondor, kept the forces of Mordor at bay. By the blood of our people are your lands kept safe! Give Gondor the weapon of the enemy! Let us use it against him!"
Strider: You cannot wield it. None of us can. The One Ring answers to Sauron alone. It has no other master."
Trying to fight and compete with a system that thrives on greed using its own tools and rules requires the ruthless use of greed to compete, and greed has a way of warping ones' heart to continue forever justifying itself until its host is left an empty husk, having made a barren wasteland of all they hoped to save.
Capital knows its masters, and it will not be wielded by people who would subvert its influence.
That's the flaw in the slaw, I guess. No matter how carefully you craft the by-laws, once it gets big enough, someone will figure out a way to hi-kack it to concentrate wealth.
You literally just described a Credit Union.
Damn it. Every good Idea I get, someone already thought of it.
The sad fact is that it is actually a good idea that should be implemented more often but the banks have worked very hard (i.e. spent millions on propaganda and lawmaking) to sow distrust in credit unions.
Well let's go then!
Sure we're not thinking of a building society? https://en.m.wikipedia.org/wiki/Building_society
The difference is somewhat academic and not viable in America under that name since most Americans are fairly stupid and will think that a Building Society is a meeting group for architects.