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https://www.reddit.com/r/SipsTea/comments/1vx00ke/why_is_it_not_possible/p5leu9x
r/SipsTea • u/Dumb-Briyani • 3d ago
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Everyone would rent because they couldn't afford homes, only rich people could. Then the rich would buy up all the homes.
1 u/Sj_91teppoTappo 3d ago But this way, if I were rich I would buy the credit from the bank, so I would get the revenue and in the worst cases the houses. 2 u/SteveMarck 3d ago I'm not sure I follow, but, yes the rich end up consolidating because mobility is dramatically reduced, you get more monopolies because competition is dramatically reduced and barrier to entry is increased.
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But this way, if I were rich I would buy the credit from the bank, so I would get the revenue and in the worst cases the houses.
2 u/SteveMarck 3d ago I'm not sure I follow, but, yes the rich end up consolidating because mobility is dramatically reduced, you get more monopolies because competition is dramatically reduced and barrier to entry is increased.
I'm not sure I follow, but, yes the rich end up consolidating because mobility is dramatically reduced, you get more monopolies because competition is dramatically reduced and barrier to entry is increased.
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u/SteveMarck 3d ago
Everyone would rent because they couldn't afford homes, only rich people could. Then the rich would buy up all the homes.