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To everyone who hates the concepts of landlords and rent, what counts as being a landlord? (sopuli.xyz)

submitted 8 months ago by tkk13909@sopuli.xyz to c/asklemmy@lemmy.ml

302 comments fedilink hide all child comments

Does having an AirBNB setup make someone deserving of the guillotine or does that only apply to owners of multiple houses? What about apartments?

Please explain your reasoning as well.

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[–] thantik@lemmy.world 6 points 8 months ago* (last edited 8 months ago) (1 children)

The stock market is rigged too -- I've seen multiple instances where hedgies are using algorithms to do their stock trading, only to get something wrong, and we end up... REVERSING THE TRADES FOR THEM!!!

Algo-traders, should be permanently locked into their trades. Make a mistake -- oh...fucking...well.

[–] SkippingRelax@lemmy.world 2 points 7 months ago* (last edited 7 months ago) (1 children)

Quite the opposite, western stock markets are highly regulated. What you saw was probably high frequency traders making a transaction that they were not allowed to make. Depending on markets and contracts they have very tight rules they need to adhere to, things like how many orders they can place in a day or in a second, how many they can cancel etc. If they mess up the transaction could be reversed and they'd regret doing so - mistake or not. Depending on the offence they could face fines or hours/days not allowed to trade (ie shitloads of money). These things DO get enforced.

If they just make a mistake, they have to suck it up, someone doesn't get their bonus that quarter. There is no rollback button.

[–] ___@lemm.ee 1 points 7 months ago

The high frequency traders have specialized hardware that executes trades on nanosecond scale directly connected to exchange DRAM. They can make a trade on an asset and reverse it before anyone even knows it was a bad trade. Meanwhile the dumb money waits.