Vitalik Buterin pfp
Vitalik Buterin
@vitalik.eth
The voters banned banning banning banning charging too high rent. (To be clear I'm in favor of this, the best way to keep rent low is buidl buidl buidl)
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J. Valeska 🦊🎩🫂 pfp
J. Valeska 🦊🎩🫂
@jvaleska.eth
(To be clear I'm in favor of this, the best way to keep rent low is buidl buidl buidl) - I think this is not true when applied to finite space and resources liike capital and land. Something different when you have 2^256 slots, theoretically endless, then buidl, buidl, buidl.. :) allocating extra capital on buildings would lead to superproduction crisis while not solving renting costs.. why? vulture funds (and banks) will retire other buildings of the market to decrease the supply, increasing prices.. while all these new buildings will end empty.. this is what happened and is happening in spain.. after the called "crisis of the brick", we have enough empty buildings.. and, we have a problem with touristic renting, this is more profitable and it is decreasing the supply for neighbors with medium/lower incomes.. so, renting control is necessary at some point to control this.. or we are going to have to live in other city to allow tourists 3 months in the year (not in my city, tho, here is cold, so cheap)
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Vitalik Buterin pfp
Vitalik Buterin
@vitalik.eth
Cartels only work when there is a finite pre-existing set of actors that need to collude to make the cartel, with no possibility of free entry of new ones. So buidl buidl buidl is actually the easiest way to accomplish this. There will be downtown areas where space is actually limited because even 3D has limits, but that's fine, that's the premium space. Empty buildings are not a crisis, empty buildings are good, they're spare capacity. Basically, we want to do to the housing market what everyone thinks capitalists do to the labor market (push rates down to subsistence level by flooding it with supply).
4 replies
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