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Joined 1 year ago
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Cake day: August 5th, 2023

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  • Everyone can’t learn everything. When you watch the news, do you fly down to Maui to interview victims and analyze the state of power lines yourself?

    You have to remember where you got something and learn to evaluate the bias of a source, but going on an active forum full of people with various levels of knowledge on the topic is the best way to get a complete picture in a reasonable time frame. They’ll call out inaccuracies in reporting, give background that might speak to problematic motivations or conflicts of interest, and argue bad takes.

    Is it perfect? No. It’s DD though, more and more usernames are quoted in the news - hell, even in this video forum posts are referenced frequently


  • Some estimates put the number of vacant homes upwards of 30% a few months back, and it’s been climbing

    It’s not about a lack of supply, it’s about homes being both an investment and a basic need - someone like Black Rock can go into a small town in Georgia, snap up every property that goes on the market, then dictate rental prices while jacking up the house prices by bidding on everything. Even if they greatly overpay, by doing it a few times it drives up the valuation of the entire area, overall making their net profit grow

    And it’s not just Black Rock, it’s a bunch of investment companies doing this everywhere. They have the same goal and their interests are aligned - they’re not competing for tenants, they just want to jack up the values and use homes like stock investments


  • Some estimates put the number of vacant homes upwards of 30% a few months back, and it’s been climbing

    It’s not about a lack of supply, it’s about homes being both an investment and a basic need - someone like Black Rock can go into a small town in Georgia, snap up every property that goes on the market, then dictate rental prices while jacking up the house prices by bidding on everything. Even if they greatly overpay, by doing it a few times it drives up the valuation of the entire area, overall making their net profit grow

    And it’s not just Black Rock, it’s a bunch of investment companies doing this everywhere. They have the same goal and their interests are aligned - they’re not competing for tenants, they just want to jack up the values and use homes like stock investments