What the hell does that have to do with luxury goods? The house is the only thing you Might not consider a luxury good because you need housing but, owning your own property and not sharing walls with a neighbor is in fact, a luxury.
A home is 1 form of shelter. The luxury form. Much in the way a Ferrari is a form of transport vs a bike. The meme doesn’t show shelter in the context of a basic right. It’s showing a luxury good among other luxury goods.
If them buying it denied other legitimate buyers with the same purchasing power from doing so, then yes. A home is too unique a purchase to be scalped though. It’s like art in that the house is the only 1 one available exactly like it. The same exact house built on a corner or further in on the block have different values.
2 pairs of the exact same sneaker treated the same from the same production run are practically identical. Market manipulation through scalping is the only method to raise it’s price at the time of market sale.
Tickets have a limited duration they hold ANY value so their prices can be manipulated through scalping too.
Houses just shouldn’t be in the same conversation.
Arbitrage is a practice as old as the world. I don’t see where is the problem in that
People with lots of money shouldn’t be allowed to make other people suffer.
If I punched you in the face, I’d be in trouble. But if I drive up housing process so you become homeless, well that’s your fault.
What the hell does that have to do with luxury goods? The house is the only thing you Might not consider a luxury good because you need housing but, owning your own property and not sharing walls with a neighbor is in fact, a luxury.
Shelter is a basic right. And private landlords have been disastrous for the price of housing.
A home is 1 form of shelter. The luxury form. Much in the way a Ferrari is a form of transport vs a bike. The meme doesn’t show shelter in the context of a basic right. It’s showing a luxury good among other luxury goods.
Maybe I missed it, but I think the OP is about how home “investors” are also scalpers. So the topic is home investors.
If them buying it denied other legitimate buyers with the same purchasing power from doing so, then yes. A home is too unique a purchase to be scalped though. It’s like art in that the house is the only 1 one available exactly like it. The same exact house built on a corner or further in on the block have different values.
2 pairs of the exact same sneaker treated the same from the same production run are practically identical. Market manipulation through scalping is the only method to raise it’s price at the time of market sale.
Tickets have a limited duration they hold ANY value so their prices can be manipulated through scalping too.
Houses just shouldn’t be in the same conversation.
Lots of practices are as old as the world. Doesn’t make them right