HN user

JRGC1

14 karma
Posts0
Comments12
View on HN
No posts found.

like most things, it may have started out to protect or help the "little guy", but it inevitably gets corrupted and subverted. It now only protects the big players. Even if you have created something truly novel, the big guys will out-litigate, outspend, and outlast you. And, the big guys can afford to patented so many obvious "inventions" as to stifle any competition.

The patent system has become a victim of regulatory capture.

That is of course, if it really did start out to protect the little guy.

Tax the Land 4 years ago

You're half way there...

no matter what we do on the supply side, it will be eaten up by the unlimited demand from investors.

while housing outperforms other investments or until regulators curtail the activity, housing will remain expensive.

In Canada, currently ~8.6% of houses are vacant (1.3 Million Homes) https://www.canadianrealestatemagazine.ca/news/study-estimat...

Interest rates are at historic lows https://wowa.ca/bank-of-canada-interest-rate

Interest Rates and House values are strongly correlated. https://investfourmore.com/interest-rates-housing-prices/

When rates go up, prices will come down.

The average house in my small town is $799,999. 2 hours from Toronto. A small 1 bedroom, 1 bath, built prewar with no basement, is going for $300,000 in a bad part of town with a tiny lot. The house across the street sold for $240,000 three years before the pandemic. Today, it's quite possibly would go for $600,000+. This all might make sense in a high density area but...

When looking at a satellite image, 95% of the land around my immediate area is farms/forests. The average price of that land is $10,000 per acre. That's a 100% increase since the beginning of the pandemic(Avg. 5k before).