How private equity is changing housing

(www.theatlantic.com)

115 points harambae | 1 comments | 09 Dec 25 17:26 UTC | HN request time: 0s | source

Show context

christkv ◴[09 Dec 25 17:59 UTC] No.46208173[source]▶

>>46207727 (OP) #

I'm as pro capitalism as it comes but private equity should not be allowed to operate in the consumer housing market. They can develop and sell houses but cannot hold is my point of view.

replies(6): >>46208224 #>>46208259 #>>46208308 #>>46208319 #>>46208367 #>>46208408 #

jack_tripper ◴[09 Dec 25 18:02 UTC] No.46208224[source]▶

>>46208173 #

Same. I remember growing up in the 90s, after the fall of communism, hearing that capitalism beat communism because in capitalism you can own things.

MFW I now live in capitalism and can't afford to own anything.

replies(2): >>46208300 #>>46208677 #

1. thephyber ◴[09 Dec 25 18:36 UTC] No.46208677[source]▶

>>46208224 #

The only reason capitalism works is because it turns everything into a struggle for existence, which is the best motivator. Every company is forced to compete (assuming there is no moat created by politics eg. Intellectual Property or contract law) or the company will go under.

But it also means that the people who can’t compete in this type of Darwinism only survive because of the empathy of others who do (whether that be family/friends, politics, or charities).

I’m worried about the breadth of industries that PE has infected in the US.

↑