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It now costs $1 to own more than a billion dollars in assets for one *microsecond. We’re talking total value here assets, property.
Bezos would be down to a billion in just over 2 days.
Rent.
If only residential rents really were capped at $1, what do you think would happen? In this scenario, I’m assuming it’s limited to one per household. That is, a family or individual can’t rent multiples at $1, just the one.
The rental market immediately dries up as everyone with the ability to move into a rental place does so. Owners of apartments and rental houses immediately divest at the earliest possible time since properties are no longer lucrative. In the meantime, they fail to put any effort into the pretense of basic upkeep except whatever makes their rentals sellable.
The market becomes immediately saturated with previous rental properties now available for individual sale and high supply lowers cost dramatically. The idea of sunk costs makes owners unlikely to sell at rock bottom prices so apartment complexes and the like go out of business, evict everyone and sell their copper from their air conditioners to modestly recuperate the last few months of expenses (water, electricity, leading office staff, etc) and burn them down for insurance money. Single family homes are donated for the use of younger relatives until the market recuperates enough to sell.
It’s a wild ride for about $24 worth of months for all renters, then, ultimately, the price of housing comes down but renting is no longer a “thing”. Some renters can now afford to buy their own houses (Yahoo!) but without changing the pay structure of society, the most vulnerable of wage workers are now homeless (Crap).
Or something, idk.
That sounds about right. Thanks for the thorough response. I wonder if, in that scenario, the government offered a bailout to convert to condos, it would help at all to prevent housing recession.
Fuck rent. Home ownership. And 2 homes max.
Wait. It’s possible to actually own a house? I thought only boomers were allowed to. I checked what mortgage I could get. I’m able to purchase a parking spot.
And 2 homes max.
Why would you need 2 houses?
A concession to vacation homes. So long as there are enough homes for everyone, I see little problem with it. Restoring the wilderness and everyone learning to camp would be better.
Make cents
Nice. Here, have a penny for your thoughts.
Maybe :3
RIP rentable apartments
I’ll go a step further and say residential property.
Per square feet?
My feet have a normal foot form, not square. That seems impractical.
2 bedroom apartment
Unfortunately a three bedroom still costs $2000, I don’t understand it either
Man, that jump to a 3rd is STEEP
That’s not a good or service. Fucking low bar for humor, holy shit.
Bitcoin.
The USD is now backed by bitcoin and you spend small fractions of a dollar.
That could actually make it a viable currency. Unless you mean the entirety of all bitcoin in which case lol.
I think there are cryptos that fix their value to the dollar
There are; they’re called “stablecoins”.
if the US dollar crashes then Bitcoin would do the same, with that drawback why not just use the dollar? (I know nothing about crypto)
To boycott Mastercard for banning porn games
Less tracking? Marginally lighter physical wallet? Idk, crypto is a scam as far as I can tell. Sure you can make a whole bunch of money and we’ve decided its legal but its somehow both an investment where you can make and lose millions and a currency to pay for absolutely nothing I’ve ever seen. If there was just one or if a few were based around NAFTA, BRICS or EU whatever it could make sense. But every scummy podcaster and 4chan memer makes their own to scam the participants.
Housing.
Which means house holders will buy it more
Legal limit of 2 per household. Illegal for corporations to own housing of any kind. Immediate sell-off mandatory.
Star Trek matter replicator (batteries included)
Hell yes infinite beans!
500 cigarettes.
To whom does the money go?
To me of course
Free Parking so that the game can drag out indefinitely.
1$ footlongs.
$2 now costs $1
Economy killed in a single move. 😅
I’m putting a 100% tarrif on $1
We just killed the printing machine of one group. We’ll trade other things.
I am willing to trade gifs
Congrats, everything has doubled in price overnight.
Currently it costs direct air capture startup “Climeworks” about 1200 usd to remove one metric ton of CO2 from the atmosphere, the average human directly emits about 0.8 kg of CO2 a day (just through breathing).
Thus, breathing costs 1 USD a day to offset using “Direct Air Capture”.
It said price, not cost. Now no one will solve climate change because the price is beneath cost.
The cost of all stuffed animals at a thrift shop.
Then I could easily work on increasing the amount of rescues I will have. It’s currently 1.5 rescue to 4 others ( purchased at a store, gift shop, gift, etcetera ).
My goal to someday have more rescues than store bought would be a little easier.
Oh yeah, and kids would have an easier time accessing them because $1 stuffed animals are a lot easier to convince a parent to buy than a $5.99 stuffed animal. But I don’t like kids, so they were an afterthought!
My rent
Bro you could have said mortgage
I would have just gone with housing.
Ngl, the thought of ever getting to own my own home is still so far out of my reach that I just don’t think about it as a possibility most of the time.
When you are so poor even your imagination-self is poor.
My smile. Time to make the world a better place.
