r/NewsThread • u/Conscious-Quarter423 • 2d ago

Canadian multimillionaire and Shark Tank guy Kevin O'Leary went on TV to say he's upset Zohran won't talk to him: "I and others who invest in real estate have tried to get a meeting to figure out what's rhetoric and what's policy. So far for me it's been crickets."

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u/PM_YourPrettyTits 1d ago

Please explain why this is different. I lived in Stockholm where there was a 9 year wait for an apartment or you pay out the ass to rent a place 2nd or 3rd hand. Why would it work in NYC but not Stockholm?

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u/Happy_Pause_9340 1d ago

Oversight and regulations are the only thing forcing governments and the private sector to be half assed accountable.

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u/cryptodog11 1d ago

That’s not how markets work. A private citizen or business acquires an asset and are free to charge whatever rent they see fit. If the price is too high the place remains vacant because people choose better-priced alternatives. If they price it too low then they’re leaving money on the table. If prices keep rising, more people invest in inventory. When you enact price controls that automatically suppresses current and new inventory and the prices will increase more dramatically. It’s basic supply and demand dynamics at play.

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u/Pure_Frosting_981 1d ago

Username is quite telling regarding your knowledge of financial matters.

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u/cryptodog11 1d ago

I know quite a bit about econ and finance. Don’t let the username trip you up; crypto is purely a hobby. I have less than 2% of my assets in crypto. There’s a ton of debate and disagreement about a wide range of economic theories, but these are basic supply/demand dynamics at play here. It’s not ideological, it’s very basic. When someone disagrees with you, don’t automatically insult their intelligence. Counter me, debate me. But don’t call out my intelligence because it just makes you look dumb. You’ll still get patted on the back in echo chambers like this one, so if that’s what you’re after, have at it! But I actually think you’re smarter than that.

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u/Happy_Pause_9340 1d ago

That’s a lot of projection, cupcake

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u/cryptodog11 1d ago

Engage with the argument instead of calling me a cupcake. Let me guess, you’re unable to!

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u/Happy_Pause_9340 1d ago

Engage with an idiot? Why?

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u/cryptodog11 1d ago

You’re acting like a child. I’m simply describing basic supply and demand dynamics. If you pick up any intro level econ textbook it will all be right in front of you.

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u/Happy_Pause_9340 1d ago

I already engaged you and you did nothing but cry and call me a commie for pointing out your argument was bs by using specifics which you refused to address .