RmDebArc_5@feddit.org to Lefty Memes@lemmy.dbzer0.comEnglish · 10 months agoWhat good do luxury apartments do that no one can afford?feddit.orgimagemessage-square77linkfedilinkarrow-up10arrow-down10 cross-posted to: politicalmemes@lemmy.world
arrow-up10arrow-down1imageWhat good do luxury apartments do that no one can afford?feddit.orgRmDebArc_5@feddit.org to Lefty Memes@lemmy.dbzer0.comEnglish · 10 months agomessage-square77linkfedilink cross-posted to: politicalmemes@lemmy.world
minus-squareZier@fedia.iolinkfedilinkarrow-up0·10 months agoUltra luxury apartments are usually vacant most of the time, because the owners live elsewhere and only use that property for money laundering.
minus-squareалсааас [she/her]@lemmy.dbzer0.comMlinkfedilinkEnglisharrow-up0·10 months agoJust expropriate the building and turn them into communal living spaces; e.g. the USSR did that after the revolution with all the fancy aristocratic- and capitalist-owned buildings
minus-squareIronBird@lemmy.worldlinkfedilinkEnglisharrow-up0·10 months agonot money laundering, gambling. secure a loan with the property as collateral, put that $ into the stock market.
Ultra luxury apartments are usually vacant most of the time, because the owners live elsewhere and only use that property for money laundering.
Just expropriate the building and turn them into communal living spaces; e.g. the USSR did that after the revolution with all the fancy aristocratic- and capitalist-owned buildings
not money laundering, gambling. secure a loan with the property as collateral, put that $ into the stock market.