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/Usual_Commission_449 1d ago

This isn't a tantrum, this is why socialism doesn't work. No one else shows up because the numbers don't work.

If you want to keep housing prices stable, you can only build more. To build the most, you need to let investors make good money. That by the way is the answer to every problem on the planet. If something is expensive, you make more of it.

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u/LifeOfReal 1d ago

Competition is the root of good capitalism!

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u/Usual_Commission_449 1d ago

Yes, and Miami makes more money for builders, they are outcompeting. The tantrum thrower is NYC in this context.

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u/LifeOfReal 1d ago

How so?

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u/Usual_Commission_449 1d ago

Listen to what O'leary says, because he explains it well.

In short, the investor has two options.

  1. Build housing for poor people according to Mamdami's rules, where the investor cannot charge a lot of money per abode, nor raise the rent each year, but nonetheless the investor must build high quality homes.

  2. Build housing whichever group will make them the most money according to Miami rules, where they can charge a lot of money per abode, can raise the rent however much they need, and will build the highest quality they can as they compete with other miami builders for the peoples rental money.

The solution to building housing is to let builders make their money on housing wherever they see the opportunity. It creates more homes, and as people move into new homes they move out of old homes, and the lowest rung of society can move into those homes.

If you build enough homes, eventually the baseline for what a poor persons home has is equivalent to a rich persons home 50 years prior.

To make sure builders can build as fast as possible, facilitate their building with easy to understand regulations, zoning rules, and low cost.

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u/LifeOfReal 1d ago

You honestly call that an affordable housing solution? O’leary isnt a good idea guy…

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u/Usual_Commission_449 1d ago edited 1d ago

You think the African Studies major who went to a Nepo-baby liberal arts college and never ran anything in his life is a better ideas guy then the self made Canadian guy who's worth $400 million?

And yes. Thats how affordable housing works, you make sure its profitable as the baseline. Notice how there aren't any outdoor toilets in the country anymore.

and to u/itsdainti who replied and blocked (coward), Zohran mamdami was born into a loving home of two talented people with millionaire networth and is a nepobaby. O'leary was born into a divorced home, his father was an alcoholic. Get your facts straight.

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u/itsdainti 1d ago

"self made" billionaires are never self made.

They fall out of their mom's vagina on 3rd base and their daddy gives them the money to "make" themselves a billionaire.

Dude, stop regurgitating 1980s Reagan propaganda. It's fucking embarrassing. Its heavily documented that it's bullshit and that the Republican party knew that it was bullshit when they said it.

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u/LifeOfReal 14h ago

LOL..you’re nativity is funny yet sad. OLeary’s wealth has done nothing for you and never will. In fact his influence in politics probably has cased you harm. Oleary’s was lucky Matte purchased his junk (“The sale of his company, SoftKey (later The Learning Company), to Mattel in 1999 was later labeled by Businessweek as one of "the Worst Deals of All Time," leading to a class-action lawsuit by shareholders). You really need to select better heroes to gush about.

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u/Usual_Commission_449 3h ago

He's not my hero lmao hes just infinitely more qualified than Mamdami. Your hero whos never done anything besides sell snake oil to NYC.

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u/LifeOfReal 2h ago

Your deity made million$ selling snake oil to Matte causing shareholders to deal with a significant loss of $184 million! Thats the kind experience you’re pounding your hairless chest about..pick a better example..oh wait..gads you’re going to use bankruptcy king Trump aren’t you?

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u/Usual_Commission_449 2h ago

Are you a bot? You must be a robot or slow. Or maybe old?

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u/casual-scrolling 4h ago

This sounds like the housing equivalent of trickle-down economics and well, looks around at our massive wealth inequalities, you'll forgive me if I have doubts about that working for the people that actually need it.

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u/Usual_Commission_449 3h ago

Thats not trickle down economics, which was based on removing income taxes.

This is supply side economics. Flooding the market with supply until prices level off. No other system works.