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MorlockP's profile
ⓘ Dogs don't have thumbs
ⓘ Dogs don't have thumbs
ⓘ Dogs don't have thumbs
@MorlockP

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ⓘ Dogs don't have thumbs

@MorlockP

Two-time Prometheus award-winning hard science fiction author. https://www.amazon.com/dp/B005JPPMS6  Learn how to homestead https://www.amazon.com/dp/B093BC3K1T 

Aristillus Crater, Luna
amazon.com/dp/B005JPPMS6
Joined June 2012

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    2. ⓘ Dogs don't have thumbs‏ @MorlockP 31 May 2019
      Replying to @k_3_n_7_0_d

      you're saying that when we let people who want a thing to bid on it, the price that is arrived at between willing buyers and sellers is not the "true" value? Hmm.

      0 replies 0 retweets 4 likes
    3. This Tweet is unavailable.
    4. ⓘ Dogs don't have thumbs‏ @MorlockP 31 May 2019
      Replying to @k_3_n_7_0_d

      so the owners of the land aren't incentivized to maintain the quality of the resource they own? that goes contrary to all other economics. My local firm that rents out bobcats, tractors, etc., does a LOT of maintenance on those assets to keep them in good quality.

      0 replies 0 retweets 4 likes
    5. This Tweet is unavailable.
    6. Todd Barrett‏ @thepiclord 31 May 2019
      Replying to @k_3_n_7_0_d @MorlockP

      MFW someone claims @morlockP misunderstands "how land works." How many acres you own, Kenan?pic.twitter.com/mbEYRlkcpk

      0 replies 0 retweets 3 likes
    7. This Tweet is unavailable.
    8. Todd Barrett‏ @thepiclord 31 May 2019
      Replying to @k_3_n_7_0_d @MorlockP

      Still doesn't make sense that someone would buy *anything* as an 'investment' then allow it to deplete in value. A person would have to be extremely stupid with their money to do that AND to let it go on for years.

      1 reply 0 retweets 2 likes
    9. ⓘ Dogs don't have thumbs‏ @MorlockP 31 May 2019
      Replying to @thepiclord

      yep so this model is: * someone is bad with money / lets their assets rot * ...and this person has MORE money than other players totally wrong

      1 reply 0 retweets 1 like
    10. ⓘ Dogs don't have thumbs‏ @MorlockP 31 May 2019
      Replying to @MorlockP @thepiclord

      in fact, what's much more likely: * the people who are best at managing assets (keeping them in good repair) accumulate wealth * the people who are worst end up under-capitalized, which further harms their ability to maintain assets this is the real world he proposes to >>>

      1 reply 0 retweets 3 likes
      ⓘ Dogs don't have thumbs‏ @MorlockP 31 May 2019
      Replying to @MorlockP @thepiclord

      take assets out of the hands of people who are capitalized and have a good track record, and put them into the hands of people who are undercapitalized and have a bad track record stunningly bad idea

      12:03 PM - 31 May 2019
      • 1 Retweet
      • 5 Likes
      • Hans G. Schantz Misha. Angel Investor, Photographer, Shitposter XDMCP Christopher Smith
      1 reply 1 retweet 5 likes
        1. New conversation
        2. Elam Bend‏ @ElamBend 31 May 2019
          Replying to @MorlockP @thepiclord

          Here's the only way I've seen this happen. Out of town buyers see commodity prices going way up. Start buying land, renting it out. Works for a while, eventually commodity prices go down and their return sucks, or even worse, it doesn't pay for itself (especially if lent on)

          1 reply 0 retweets 0 likes
        3. Elam Bend‏ @ElamBend 31 May 2019
          Replying to @ElamBend @MorlockP @thepiclord

          At this point, they either sell to new buyers at the new value, OR the bank takes it and does same. In the part of the world I'm from it's happened twice in my lifetime. But in all cases, yes, land was a money making factory, it's just that the value of the output changed.

          0 replies 0 retweets 0 likes
        4. End of conversation

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