Funny thing is, no matter how you arrange to do that it becomes a de-facto death ray. Stick a terawatt of solar panels in space, use the power to shine a laser/maser down to earth, then build a station to turn the laser power back to electricity? Great, until some hacker figures out how to control where the laser is pointed. Then you get Dr. Evil holding the world for ransom.

Thanks for the correction. I remembered seeing that number but didn’t analyze it in any depth. A more detailed analysis of the market, by Freddie Mac, concluded that there were four main drivers for the recent surge in prices, and investors weren’t on the list.

1. record low mortgage rates in 2020 and 2021, and the race to beat future rate increases;
2. limited supply from underbuilding and below average distressed sales;
3. an increase in first-time homebuyers due to favorable age demographics; and
4. increased migration from high-cost cities to areas that already had a housing shortage.

Institutional investors apparently even reduced their purchases in 23 - some of them were even net sellers - because of prices and interest rates. That doesn’t mean they aren’t still villians in this scenario. I don’t think big investors should own single family homes at all. But still they aren’t as big a force as my previous comment indicated.

In support of your argument.

Report: 44% of all Single-Family Home Purchases were from Private Investors in 2023

edit: see corrections below

It pays to watch ad-free videos or else it gets the hose again.

Things like Impossible Burgers, absolutely. I tried one once and it was so much like an actual meat burger it grossed me out. But I will make a seitan corned beef to put in a Reuben sandwich just because it’s an awesome sandwich.

14 years. The reddit protest was a great way to exit an unhealthy relationship with a site that was devouring way too much of my time. But now lemmy is slowly starting to draw me in more and more…