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Joined 2 years ago
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Cake day: July 12th, 2023

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  • I think there can be some middle ground. Obviously speculation is pushing up both rent prices and the cost/availability of houses to buy. There are some interesting options, I like the idea to only allow residential property to be bought by physical persons - regardless of whether that’s for living in it or as an investment it would put a damper on prices sky-rocketing.

    Corporations trust funds and so on can still go mad on commercial property. Offices, malls and warehouse are not a necessity and let the market decide, I think that could be a win win. Feasibility of this in various countries would obviously vary but I’m sure something can be done.

    I’ve also seen suggestions aroud limiting the number of properties one can buy/own. Interesting but more complicated to enforce and IMO not needed.






  • Quite the opposite, western stock markets are highly regulated. What you saw was probably high frequency traders making a transaction that they were not allowed to make. Depending on markets and contracts they have very tight rules they need to adhere to, things like how many orders they can place in a day or in a second, how many they can cancel etc. If they mess up the transaction could be reversed and they’d regret doing so - mistake or not. Depending on the offence they could face fines or hours/days not allowed to trade (ie shitloads of money). These things DO get enforced.

    If they just make a mistake, they have to suck it up, someone doesn’t get their bonus that quarter. There is no rollback button.







  • Ah the person that complains they had to tap into their investments because you need to periodically get a new bed and redo your deck and can’t save money. Yes I got downvoted for providing basic personal finance recommendations there!

    I think the problem is a combination of the things you mention, and the fact that society is just normalising stupid spending, waste of resources and spending everything you earn, if not more.

    When on reddit, I was active on personal finance subs. The amount of people asking for suggestions on how to improve their budget that didn’t see anything wrong with 10-12 subscriptions for shows and music, on top of astronomic phone bills, eating out etc was crazy. At least they took the first step, wrote down their expenses, and were asking for help. The bed/deck guy was just pure madness.





  • Well good for you, must be nice to live that isolated. If I had a dollar for every time someone told me that if only I watched Cowspiracy, or one particular youtube video they link, or in real life when I lived in a big city for every time someone from PETA tried to stop me on my daily commute to convince me to go vegan I’d be rich.

    Funny enough I do try to engage with them as I see some good points in the subject.