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by stainablesteel
977 days ago
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lol fair enough, i took elon's word for it but i guess i shouldn't be surprised that he owns a house through subsidiaries. he's got to sleep somewhere. and i think a city of a million would be impressive, i've lived in cities of 100k, 200k, ~6m, 30k, and 350k. even at a million, that's still only ~0.003% of the US population. while the example makes for a nice way of measuring wealth-to-power, so kudos on that, realistically it makes for a bad investment. you'd get a lot in rent but you'd get crushed in repair fees, insurance, and property tax. plus if someone else really wants to buy that property (or they dislike whoever bought it), its probably cheaper for them to sponsor state-level politicians to raise property tax in some obscure way on only people who own 100+ properties. forcing you to dump everything at once, thereby decreasing prices in the area. |
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