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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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    1. Todd of Mischief‏ @AndToddsaid 10 Jun 2021
      Replying to @MorlockP

      Good sign that you're running hot.

      1 reply 0 retweets 0 likes
    2. ⓘ Dogs don't have thumbs‏ @MorlockP 10 Jun 2021
      Replying to @AndToddsaid

      I am? I'm responding calmly; you're deleting stuff.

      1 reply 0 retweets 1 like
    3. Todd of Mischief‏ @AndToddsaid 10 Jun 2021
      Replying to @MorlockP

      I wasn't embarrassed, I thought I could do better. I don't think I missed your argument at all. Sure, 1.7 mil houses get built every year. Do those split evenly across all price ranges? Doubt it. Again, things aren't a problem for people who can bear them is a trivial take.

      2 replies 0 retweets 1 like
    4. Todd of Mischief‏ @AndToddsaid 10 Jun 2021
      Replying to @AndToddsaid @MorlockP

      Evenly, proportionally, whatever. You understand my point. In before

      1 reply 0 retweets 0 likes
    5. ⓘ Dogs don't have thumbs‏ @MorlockP 10 Jun 2021
      Replying to @AndToddsaid

      I DON'T understand your point, actually or, maybe I do, but if I do, then it's a confused point that has nothing to do with what I'm arguing...so I hope / think that maybe I'm not understanding it

      1 reply 0 retweets 0 likes
    6. Todd of Mischief‏ @AndToddsaid 10 Jun 2021
      Replying to @MorlockP

      Houses are a lot less fungible than you make them out to be. But maybe I'm misreading this and in the long run, it's a good thing. Right now, when you bid on a house, the effective market size is one house. With Blackrock, maybe eventually one buys house the same way as Doritos.

      1 reply 0 retweets 0 likes
    7. ⓘ Dogs don't have thumbs‏ @MorlockP 10 Jun 2021
      Replying to @AndToddsaid

      > Houses are a lot less fungible than you make them out to be. I haunt http://realtor.com  all the time for fun, and whole identical houses don't exist outside of development tracts, the market for "3 bed, 2 bath, upper middle class, 1/2 hr from city X" is huge

      2 replies 0 retweets 3 likes
    8. Thales of Florida‏ @VarangianSkull 10 Jun 2021
      Replying to @MorlockP @AndToddsaid

      Houses are pretty fungible. If you don't buy one, you can probably find a pretty similar one in a pretty similar area for a pretty similar price - even in this ridiculous market. These companies buying up houses everywhere... I can almost see where they are coming from.

      1 reply 0 retweets 3 likes
    9. Thales of Florida‏ @VarangianSkull 10 Jun 2021
      Replying to @VarangianSkull @MorlockP @AndToddsaid

      If you offer well above asking and you have the cash, and you want a boatload of houses quick to start turning around rent, maybe offering that high price is worth it. No negotiation, back and forth, no BS. It's yours. Done. Turn around for rent. Rinse. Repeat.

      1 reply 0 retweets 2 likes
    10. Todd of Mischief‏ @AndToddsaid 10 Jun 2021
      Replying to @VarangianSkull @MorlockP

      So, my thoughts are still coming together here, but my fundamental concern remains. Something is off when profit-maximizing firms are willing to go 150% above market for anything. There's a perverse incentive behind this, and it will yield perverse results.

      2 replies 0 retweets 2 likes
      ⓘ Dogs don't have thumbs‏ @MorlockP 10 Jun 2021
      Replying to @AndToddsaid @VarangianSkull

      > profit-maximizing firms are willing to go 150% above market I'd argue that they're willing to go AT market, and the previously bid prices were way UNDER market. Rationalization of prices is good.

      1:00 PM - 10 Jun 2021
      • 1 Like
      • Thales of Florida
      1 reply 0 retweets 1 like
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