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Scalper economy (lemmy.world)
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[-] criss_cross@lemmy.world 5 points 1 hour ago

This is how I learn there's a lego death star now?

[-] TriflingToad@sh.itjust.works 2 points 18 minutes ago

you haven't seen spider man?

[-] coolguy@piefed.social 4 points 1 hour ago

Just as with all of those items, the "solution" is to decrease regulation and increase supply in the market.

[-] pixelscript@lemm.ee 6 points 2 hours ago* (last edited 2 hours ago)

At least in the case of fumos these days they're made-to-order. Buying 10 of them isn't snatching 10 of them from the carts of other potential buyers, it just means 10 more fumos will be made. If anything it's strictly increasing the supply and making them more accessible to people who couldn't make the preorder window.

This was absolutely not the case a few years ago, though. And just because you're technically not scalping doesn't mean you can't still wildly overcharge.

[-] Wolixoriginal@lemmy.ml 1 points 1 hour ago
[-] bunchberry@lemmy.world 19 points 5 hours ago* (last edited 5 hours ago)

It always impresses me how much people worship landlords, even Canada up there is having a housing crisis but nobody dares question the sanctity of landlords. You can watch both the major parties arguing for hours and nobody ever brings up landlordism once. A lot of them choose to instead become hostile to immigrants, both parties moving further right on immigration because stopping immigration or potentially even kicking out immigrants to them is more acceptable than questioning the sanctity of landlords. You also saw a similar thing here in the USA, I remember after the Trump/Kamala debate when they revealed the plans for bringing housing prices down and Trump was "mass deportation" and Kamala was "a tax credit." Not sure about every country definitely here in US and Canada, people here treat landlords like unquestionable deities, the idea that their right to rule should even be called into question is not even something that passes through most people's heads.

[-] flambonkscious@sh.itjust.works 3 points 3 hours ago

One thing that started here in New Zealand was reporting on and ranking their portfolio sizes (lots had it tied up in an estate or trust, but that connection was able to be reported on - even if it might be 'co-owned by the family').

We still have huge problems in this area but the noble few that don't 'stand out like a dogs bollocks' and all the others just looked like the same bunch of psycho/sellouts

[-] Mwa@lemm.ee 5 points 5 hours ago

Seeing alot of touhou in the fediverse lately.

[-] Piemanding@sh.itjust.works 4 points 5 hours ago

Touhou will take over the world!

[-] Mwa@lemm.ee 3 points 5 hours ago

Yes, Zun will force people to play touhou on lunatic mode /j

[-] MonkderVierte@lemmy.ml 38 points 10 hours ago* (last edited 10 hours ago)
[-] Excrubulent@slrpnk.net 1 points 1 hour ago

The commonality here is how expensive the things are. Scalping is another one of those things that's trashy if you're poor and classy if you're rich.

[-] stebo02@lemmy.dbzer0.com 102 points 12 hours ago

The worst thing about this is that housing is essential, while all the other things aren't. Scalpers only take advantage of other people's shopping addiction, while these so-called "investors" take advantage of other people's basic needs.

[-] ziggurat@lemmy.world 18 points 8 hours ago

That's why they are held in higer regard

[-] BigBrainBrett2517@lemmy.world 13 points 12 hours ago

👏👏👏

[-] Shardikprime@lemmy.world 4 points 6 hours ago

Arbitrage is a practice as old as the world. I don't see where is the problem in that

[-] surewhynotlem@lemmy.world 19 points 6 hours ago

People with lots of money shouldn't be allowed to make other people suffer.

If I punched you in the face, I'd be in trouble. But if I drive up housing process so you become homeless, well that's your fault.

[-] Sarmyth@lemmy.world 2 points 5 hours ago

What the hell does that have to do with luxury goods? The house is the only thing you Might not consider a luxury good because you need housing but, owning your own property and not sharing walls with a neighbor is in fact, a luxury.

[-] aim_at_me@lemmy.nz 7 points 5 hours ago

Shelter is a basic right. And private landlords have been disastrous for the price of housing.

[-] Sarmyth@lemmy.world 4 points 4 hours ago* (last edited 4 hours ago)

A home is 1 form of shelter. The luxury form. Much in the way a Ferrari is a form of transport vs a bike. The meme doesn't show shelter in the context of a basic right. It's showing a luxury good among other luxury goods.

[-] surewhynotlem@lemmy.world 2 points 5 hours ago

Maybe I missed it, but I think the OP is about how home "investors" are also scalpers. So the topic is home investors.

[-] Sarmyth@lemmy.world 1 points 4 hours ago

If them buying it denied other legitimate buyers with the same purchasing power from doing so, then yes. A home is too unique a purchase to be scalped though. It's like art in that the house is the only 1 one available exactly like it. The same exact house built on a corner or further in on the block have different values.

2 pairs of the exact same sneaker treated the same from the same production run are practically identical. Market manipulation through scalping is the only method to raise it's price at the time of market sale.

Tickets have a limited duration they hold ANY value so their prices can be manipulated through scalping too.

Houses just shouldn't be in the same conversation.

[-] surewhynotlem@lemmy.world 2 points 3 hours ago

This take only makes sense when there's more houses than needed she people can be picky. That's not this world.

[-] Sarmyth@lemmy.world 1 points 3 hours ago

There are as many houses as people want but not all the the quality or location they want. Manufactured homes can be dropped on lots for a fraction of the price. People live in the central valley and commute so they can have a home for much less. The world will never have everything everyone wants the way they want it. Thats not this world.

[-] slaacaa@lemmy.world 125 points 17 hours ago

Housing is a basic human need, it shouldn’t be allowed to be only an investment. With the other items, you can just say “so don’t buy it”, which is not possible with housing, you have to pay for it, even of you wouldn’t like to.

[-] timestatic@feddit.org 3 points 4 hours ago

Honestly, I get what you mean, but it also provides funding for new housing projects to be built first, and if you weren't allowed to invent in it it would also not really be possible to rent a house, since that relies on someone paying for the house first.

[-] bunchberry@lemmy.world 5 points 5 hours ago

fumo is a basic human need

[-] icdmize@lemm.ee 4 points 9 hours ago

All that shit's gone to garbage except for houses, don't ask me how I know. <_<

[-] einlander@lemmy.world 41 points 19 hours ago

Scalper no Scalping!

[-] 211@sopuli.xyz 12 points 15 hours ago* (last edited 15 hours ago)

I think most of you are underestimating the cost of housing maintenance. We had some bad luck and a couple of structurally necessary renos were bigger than initially thought, or didn't address the issue as well as we hoped, requiring new renos. In the last 20 years we've paid the cost of our townhouse apartment once over, easy. And now the bathroom, kitchen, and flooring could use an upgrade (25-50 years old), which is again expensive. In that time its value has risen maybe 50%, not quite keeping pace with local inflation.

Not complaining, we bought it for living in and it's been great for that, and now that everything is at the end of its lifespan is a good time to really make it ours. But house prices aren't rising insanely everywhere, house upkeep isn't free (there are always "modifications"), and at least here the average ROI for being a landlord is abt 4-6%, same as stocks lately, and that's assuming no major surprises.

[-] bunchberry@lemmy.world 1 points 5 hours ago

Not sure I see the relevance. Yes, housing maintenance costs money, what's the relevance? Who says housing upkeep is free? What's the relevance to anything at all?

[-] 211@sopuli.xyz 1 points 4 hours ago* (last edited 4 hours ago)

"Sold it for a much higher price without ever using or modifying it." Proper upkeep over several years counts as "modifying it" in this context IMHO.

[-] bunchberry@lemmy.world 1 points 4 hours ago

You can indeed make money by selling it at a higher price without ever using or modifying it, and even if you do use or modify it, profits from the sale still come directly from not using or modifying it.

[-] Katana314@lemmy.world 8 points 11 hours ago

If you only own one house, it sucks to have luck like that. But, it’s like the dips in stock prices - overall, the value of the whole market goes up over time. Those treating homes as investments tend to buy in the demand areas, where a few lofty renovations don’t dent their bottom line.

[-] 211@sopuli.xyz 1 points 4 hours ago

If you get an investment house you plan to keep for 20+ years, those in-demand areas change (here's hoping the next areas to lose their lustre will be the car-dependent suburbia).

[-] SharkMommy 2 points 15 hours ago

Not the Fumo

this post was submitted on 29 Nov 2024
1175 points (100.0% liked)

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