this post was submitted on 04 Jan 2024
618 points (97.0% liked)

No Stupid Questions

36103 readers
898 users here now

No such thing. Ask away!

!nostupidquestions is a community dedicated to being helpful and answering each others' questions on various topics.

The rules for posting and commenting, besides the rules defined here for lemmy.world, are as follows:

Rules (interactive)


Rule 1- All posts must be legitimate questions. All post titles must include a question.

All posts must be legitimate questions, and all post titles must include a question. Questions that are joke or trolling questions, memes, song lyrics as title, etc. are not allowed here. See Rule 6 for all exceptions.



Rule 2- Your question subject cannot be illegal or NSFW material.

Your question subject cannot be illegal or NSFW material. You will be warned first, banned second.



Rule 3- Do not seek mental, medical and professional help here.

Do not seek mental, medical and professional help here. Breaking this rule will not get you or your post removed, but it will put you at risk, and possibly in danger.



Rule 4- No self promotion or upvote-farming of any kind.

That's it.



Rule 5- No baiting or sealioning or promoting an agenda.

Questions which, instead of being of an innocuous nature, are specifically intended (based on reports and in the opinion of our crack moderation team) to bait users into ideological wars on charged political topics will be removed and the authors warned - or banned - depending on severity.



Rule 6- Regarding META posts and joke questions.

Provided it is about the community itself, you may post non-question posts using the [META] tag on your post title.

On fridays, you are allowed to post meme and troll questions, on the condition that it's in text format only, and conforms with our other rules. These posts MUST include the [NSQ Friday] tag in their title.

If you post a serious question on friday and are looking only for legitimate answers, then please include the [Serious] tag on your post. Irrelevant replies will then be removed by moderators.



Rule 7- You can't intentionally annoy, mock, or harass other members.

If you intentionally annoy, mock, harass, or discriminate against any individual member, you will be removed.

Likewise, if you are a member, sympathiser or a resemblant of a movement that is known to largely hate, mock, discriminate against, and/or want to take lives of a group of people, and you were provably vocal about your hate, then you will be banned on sight.



Rule 8- All comments should try to stay relevant to their parent content.



Rule 9- Reposts from other platforms are not allowed.

Let everyone have their own content.



Rule 10- Majority of bots aren't allowed to participate here.



Credits

Our breathtaking icon was bestowed upon us by @Cevilia!

The greatest banner of all time: by @TheOneWithTheHair!

founded 2 years ago
MODERATORS
 

They keep raising prices, stating that it's due to inflation, but then they keep having record profits.

Meanwhile, the average American can barely afford rent or food nowadays.

What are we to do? Vote? I have been but that doesn't seem to do much since I'm just voting for a representative that makes the actual decisions.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 12 points 11 months ago (2 children)

On the housing thing - there's been a major intrusion of private equity firms into the regular house market. A report came out recently claiming as much as 40% of all single family homes sold in 2023 went to private equity firms to turn into rental properties (iirc). On mobile, otherwise would try to actually give you the source.

I can't speak to the food price increases. My only thought is that most people are creatures of habit and always have been, so I doubt that individual shoppers 'not putting pressure on the stores' would explain a historic rise in costs. That said, if we did find evidence that shoppers are less savvy or willing to change habits, my first guess as to why would be people overall being more overworked and stressed. But until the data comes in, who knows.

[–] [email protected] 4 points 11 months ago (1 children)
[–] [email protected] 1 points 11 months ago (1 children)

That's not what that says at all. What it says is that companies that own 100+ properties make up a 3% of the market. You can have a small-ish company that owns 50+ properties that acquires 10 more, and they won't make that list.

A wealth mom n' pop investor that buys up ten houses houses to flip--or to drive up rental prices on other properties they have--would still be private equity.

[–] [email protected] 1 points 11 months ago

Look at the overall investor share, it was on a downward trend after the crash, and is only up a little. It's been mostly consistent for over a decade.

[–] [email protected] -3 points 11 months ago (2 children)

If private equity wants to invest in housing, that's great.

There is no fundamental limit on how much housing we can build.

[–] [email protected] 4 points 11 months ago (1 children)

Uh, yes there is. Infrastructure.

[–] [email protected] -1 points 11 months ago

And what is that limit?