Houses are for living, not for speculation • Hacker News Board

Re: Houses are for living, not for speculation

#131

Post by kelipso » Thu, May 14, 2026, 11:56 AM UTC

bpt3 wrote: post #127

kelipso wrote: post #124

Earlier quoted context omitted.

There are a large number of properties in big cities sitting empty due to people hoarding land/houses. Too much is anything more than your primary residence. It should be taxed exponentially with both number of secondary residences and size normalized to urban development around the property.

Cities in vacation spots have vacant homes, but most "big cities" do not, and vacation homes are not an example of hoarding. In short, you're just making things up. I'm glad you aren't in charge, though there are a concerning number of people with your mindset.

Vacation homes are an example of hoarding and should be taxed exponentially. Barcelona, for example, has already banned short term rentals starting 2029, and so has my home town, so there are at least some people in power who think like me, and I hope there will be many many more people with my mindset.

Re: Houses are for living, not for speculation

#132

Post by bpt3 » Thu, May 14, 2026, 4:12 PM UTC

kelipso wrote: post #131

bpt3 wrote: post #127

Earlier quoted context omitted.

Cities in vacation spots have vacant homes, but most "big cities" do not, and vacation homes are not an example of hoarding. In short, you're just making things up. I'm glad you aren't in charge, though there are a concerning number of people with your mindset.

Vacation homes are an example of hoarding and should be taxed exponentially. Barcelona, for example, has already banned short term rentals starting 2029, and so has my home town, so there are at least some people in power who think like me, and I hope there will be many many more people with my mindset.

I mean, you can call it hoarding if you like, but that's not a very widely held opinion.

Spain is one of the last places on Earth I'd look to for economic policies. Enjoy your even higher unemployment and additional dying towns after attacking your only notable industry (tourism) I suppose.

There's plenty of housing available in places with no jobs, so mission accomplished in one sense!

Re: Houses are for living, not for speculation

#133

Post by Arnt » Thu, May 14, 2026, 8:31 PM UTC

recursivedoubts wrote: post #102

Arnt wrote: post #80

Earlier quoted context omitted.

Money isn't managed by anyone. There's an excellent description here: https://www.bankofengland.co.uk/-/media/boe/files/quarterly-... Scan for the sentence "at that moment, new money is created" and then read the whole thing anyway ;) It seems to me that if you want some sort of money creation management role in the economy, you need to restrict people's ability to lend and borrow from each other. So if you wanted to…

Lol, the bank of england is the grandaddy of them all and doesn't want people to understand how money works any more than any other big bank does. “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” you can read up on social credit (the western version, not chinese) if you want an alternate per…

There's a crucial difference: in the economy we have, each party manages its own money, no party manages the overall money supply. That's why the overall money supply (M2 etc) has to be estimated: there isn't a managing authority that could report correct numbers.

To my mind that's good, it allows each of us the right to estimate future value, and the money supply is effectively a sum of our estimates.

I think you write "the money needs" because you want that to be the case, Just another sentence where "x needs" (third person) means "I want" (first person). Unless you can describe the need?

Re: Houses are for living, not for speculation

#134

Post by kelipso » Fri, May 15, 2026, 2:13 PM UTC

bpt3 wrote: post #132

kelipso wrote: post #131

Earlier quoted context omitted.

Vacation homes are an example of hoarding and should be taxed exponentially. Barcelona, for example, has already banned short term rentals starting 2029, and so has my home town, so there are at least some people in power who think like me, and I hope there will be many many more people with my mindset.

I mean, you can call it hoarding if you like, but that's not a very widely held opinion. Spain is one of the last places on Earth I'd look to for economic policies. Enjoy your even higher unemployment and additional dying towns after attacking your only notable industry (tourism) I suppose. There's plenty of housing available in places with no jobs, so mission accomplished in one sense!

Hoarding of housing affects normal people’s lives worse than some economic theory that’s we can see failing in real time. People’s lives are more important than theoretical economic prosperity.

Re: Houses are for living, not for speculation

#135

Post by bpt3 » Fri, May 15, 2026, 9:38 PM UTC

kelipso wrote: post #134

bpt3 wrote: post #132

Earlier quoted context omitted.

I mean, you can call it hoarding if you like, but that's not a very widely held opinion. Spain is one of the last places on Earth I'd look to for economic policies. Enjoy your even higher unemployment and additional dying towns after attacking your only notable industry (tourism) I suppose. There's plenty of housing available in places with no jobs, so mission accomplished in one sense!

Hoarding of housing affects normal people’s lives worse than some economic theory that’s we can see failing in real time. People’s lives are more important than theoretical economic prosperity.

By your personal definition of hoarding maybe.

Enjoy all the housing you could ever want when your town has even less economic activity than it did before!