patrick.net

APOCALYPSEFUCKisShostikovitch says

Then he'd tell you to get the fuck out and let the houses rot just because he won and you fucking lost and you need to be reminded of that every day because you're an ASSHOLE!

Don't care - he worked harder.

Besides, I'd still have the right to own guns, even though I couldn't afford one.

I'd love to see a billionare do just that...to Stockton, to Detroit, to East St Louis..to Gary In, and hundreds of other shitholes.

Seriously though what do you think would happen if a billionare did buy every single residence in a city instantly converting the entire population to renters. Renters with no motivation to upkeep the property?

Goodbye property values!

NR said: Seriously though what do you think would happen if a billionare did buy every single residence in a city instantly converting the entire population to renters.
Welcome to Huber Heights. They'd ask to have their property reassessed at a lower value. Not that the the townspeople would oblige all their requests. Brought to you by Magnetar, the same folks who gave us garbage in/ garbage out -- SHORT!

I might bet that the billionaire wouldn't overpay for shacks. He didn't get rich by making the seller & commissioned salespeople or the banks more money, like "sky's the limit bidders".

In some sense billionaires are really just another form of bank.

obviously the implications are a wealthy will buy trophy properties.

A billionaire will likely have a penthouse in New York/Chicago/San Francisco, a mansion in Florida palms, a beach hut in Newport Beach/Carmel and a home base where they work like Atherton. Then there are various other properties for their spouse, all in prime zip codes.

So if you are not wealthy, you can forget about it.

There are three rules for maintaining control of the working class.
1) don't take away their food
2) shelter must be available
3) panic/fear must be controlled

Break any of these and you wind up with anarchy. Unless, of course, you have lots and lots of nice brown-coated men with shiny stompy boots!

Quigley says

There are three rules for maintaining control of the working class.

1) don't take away their food

2) shelter must be available

3) panic/fear must be controlled

Break any of these and you wind up with anarchy. Unless, of course, you have lots and lots of nice brown-coated men with shiny stompy boots!

Even that only works so long. Entropy catches up with all complex systems eventually.