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Hermit Crab Housing Market (mander.xyz)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 66 points 3 months ago (4 children)

B-b-b-b-b-b-b-b-but tHiNk Of AlL tHe LoSt ShArEhOlDeR vAlUe ThO!?

[–] [email protected] 1 points 3 months ago (1 children)

Surprisingly they don't have that much of the market.

https://www.fastcompany.com/91002153/how-much-of-the-housing-market-does-wall-street-really-own-heres-what-the-data-says

[–] [email protected] 5 points 3 months ago

I counted the word "institutional" used almost once per sentence. There were a couple of sentences that didn't use it, but there was at least one sentence that used it twice. Plus all the figures and captions for them too.

Though despite being not "institutional", the market seems to have behaved a little as if it were, due to use of software to fix prices at what the landlords believed that the market would bear. So still price gouging, regardless of whether done by individuals or giant mega-corporations.

Though still a good point that the article makes.

[–] [email protected] 23 points 3 months ago

Shellholder value

[–] [email protected] 39 points 3 months ago* (last edited 3 months ago) (3 children)

Seriously though, if crabs used currency this would never happen. There would be one crab with all the shells and the other crabs would have to bring food offerings or whatever their currency would be in order to get one.

[–] [email protected] 4 points 3 months ago

There's a Souls-like video game with this premise.

[–] [email protected] 3 points 3 months ago

Mr. Krabs

[–] [email protected] 5 points 3 months ago (1 children)

But how would the crab protect his extra shells?

[–] [email protected] 12 points 3 months ago* (last edited 3 months ago)

The US would use its navy to protect ~~the wealthy crabs~~ "important commerce lanes" lol

[–] [email protected] 8 points 3 months ago (1 children)

🪙🦀📈

[–] [email protected] 11 points 3 months ago (1 children)

Crab coin, a crusto currency

[–] [email protected] 4 points 3 months ago (1 children)

Even crypto achieved carcinisation

[–] [email protected] 1 points 3 months ago* (last edited 3 months ago)

Web 3.0? More like Wet 3.0 amiright people?!