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115 points harambae | 1 comments | | HN request time: 0.001s | source
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christkv ◴[] No.46208173[source]
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.
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ryuhhnn ◴[] No.46208319[source]
Not to be pedantic, but this would make you not so "pro capitalism as it comes". The ability to develop and sell houses, but not hold them (in service of rent-seeking) runs contradictory to the very core tenant of capitalism, which is private property and free markets. Socialism and supply/demand-markets are not mutually exclusive; it sounds like you're more amenable to a socialist or mixed-market system than you give yourself credit for.
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1. christkv ◴[] No.46208946[source]
Im capitalist in the belief of truely free markets. Im against monopolies or monopoly like structures. I can make a case for private equity being a cartel as well knowing how they use algorithmic platforms to price rentals thus collaborating on pricing while pretending they don’t. After all its a third party setting prices.