Artist faked being a billionaire to photograph New York City’s best views

Post by biztos » Thu, Apr 29, 2021, 12:12 PM UTC

leejo wrote: post #110

> Only 1000 editions of Private Views were published For context this is towards the higher end of a standard print run in the photobook world. Most niche art/photo books will be printed in runs of only 50, 100, perhaps a few hundred, or at most 1,000 so "Only 1000 editions" is actually at the upper end and this is in no way "limited-edition". Unless the project goes viral it's unlikely the book itself will ever be s…

Post by ppod » Thu, Apr 29, 2021, 12:21 PM UTC

dmurray wrote: post #170

hn_throwaway_99 wrote: post #8

> They’re investments, not really meant for living in. They cast these huge shadows and block views—really change the skyline—just so they can stand empty. That is definitely one of the saddest parts for me. These billionaires (many of whom got their wealth in shady circumstances) are just using these condos to park their money. I may think NFTs are insane but at least when people with too much money park their wealt…

I don't get the "billionaires buy property and leave it vacant, because it's more valuable as an investment" trope. Billionaires like to make money with their money. Sure, property prices increase, but rents are significant. If you can make 5% a year from your real estate appreciating, you can make 10% by renting it out. That's the difference between a mediocre yearly return and a fantastic one. Maybe at the absolute…

Post by nicoburns » Thu, Apr 29, 2021, 12:26 PM UTC

PoignardAzur wrote: post #130

choeger wrote: post #102

Earlier quoted context omitted.

Yeah, more density, because all that matters is the size of cities and their economy. 90% of children never waking up to the sounds of birds around their house? Who cares? 90% of grownups never plant even a tomatoes? What does it matter! Families of four or more confined to single-bathroom, two-bedroom apartments? The cosier, the better! The most important bit is that the cheap workforce reaches their dull jobs in ti…

I mean... I don't think I've ever planted a tomato in my life, and I don't feel like a hollow shell performing a simulacrum of life? (I have planted potatoes though)

Post by bonzini » Thu, Apr 29, 2021, 12:29 PM UTC

Tangokat wrote: post #186

In Copenhagen most apartments require people to live there. "Bopælspligt", residency requirement. As the owner of an apartment you are required to make sure someone lives there at least 180 days a year. The best places to live in a city should have people living there. It's really that simple.

Post by mafuy » Thu, Apr 29, 2021, 12:30 PM UTC

majewsky wrote: post #176

tekkk wrote: post #173

Earlier quoted context omitted.

When you have billions of money, do you have really have that much drive to optimize your properties which might be nice to keep as occasional holiday homes? Sure you'd think that "ooh, 5% more income on my properties" would motivate them to rent their properties out but they might be perfectly happy just living off their other investments and not giving a damn about such tedious optimizations.

When you're a billionaire, you can employ dozens, if not hundreds of people, to do tedious optimizations for you all day. And if that's the difference between 5% and 10% RoI, those people even pay for themselves (and then some).