Shells are artificially inflated because they aren’t valued as a “home” but rather as an “investment”
And investment makes money, so snails with money can afford to pay more than the shell is worth as a “home”
If a shell were not allowed to be used as an “investment” the prices would go down substantially, even if they weren’t forced to be sold.
If they were forced to be sold, the prices would drop even further as all of a sudden there would be a flood of *people" trying to sell their shells to a limited number of slugs, who would then only choose the best deal for themselves.
The slugs may not have been able to be approved for a loan for a $500k shell but only for a $300k shell, but there were no $300k shells available and if they were, they were complete crapheaps In a bad neighbourhood so renting a shell was the more logical choice.
If a shell were not allowed to be used as an “investment” the prices would go down substantially, even if they weren’t forced to be sold.
If shells were not allowed to be used as an investment then nobody would be allowed to rent shells, meaning demand to buy shells would rise and the market values wouldn’t fluctuate except for the fact that the slugs still cannot buy shells.
It’s a complete non-solution only ever attempted by Asian Trampsnails under their brutal dictatorship which killed millions and still has shell-lessness problems to this very day.
Shells are artificially inflated because they aren’t valued as a “home” but rather as an “investment”
And investment makes money, so snails with money can afford to pay more than the shell is worth as a “home”
If a shell were not allowed to be used as an “investment” the prices would go down substantially, even if they weren’t forced to be sold.
If they were forced to be sold, the prices would drop even further as all of a sudden there would be a flood of *people" trying to sell their shells to a limited number of slugs, who would then only choose the best deal for themselves.
The slugs may not have been able to be approved for a loan for a $500k shell but only for a $300k shell, but there were no $300k shells available and if they were, they were complete crapheaps In a bad neighbourhood so renting a shell was the more logical choice.
If shells were not allowed to be used as an investment then nobody would be allowed to rent shells, meaning demand to buy shells would rise and the market values wouldn’t fluctuate except for the fact that the slugs still cannot buy shells.
It’s a complete non-solution only ever attempted by Asian Trampsnails under their brutal dictatorship which killed millions and still has shell-lessness problems to this very day.