Hacker News new | ask | show | jobs
by wolverine876 1837 days ago
How did the investor in that empty lot make the community richer?
2 comments

It was used for blackjack and hookers.
Speculative investment without asset improvements like that is the worst kind, but it still serves to stabilize prices for other investors. At worst, the speculator loses their shirt and a more capable capital allocator gets to work with the money.
So.. investor helps other investors? Great. What about the common man?