Lesley Carhart 
I don’t know who needs to hear this or comprehend it still, but most if not all billionaires don’t care if the economy crashes. They have so much money and power they can be safe as a bug in a rug. They can then take advantage of a collapsed economy and suffering society to force even more workers into defacto slavery.
Dave C.@hacks4pancakes You forgot that they will also buy up businesses and land as their owners financial situations falter.
@davesomebody and with a crippled government there will be no antitrust protection
@hacks4pancakes yep, a lot of inflation in the housing market came from large companies buying up single family homes as they came on the market. I don't understand what their endgame in this even is. But they found a place where regulations were lax and struck while the iron was hot.
@davesomebody no real endgame, just a greedy maw that can never be satisfied
@hacks4pancakes The greedy maw thing does confuse me. I thought the point was to sell these homes layer for profit. But they paid top dollar. How do you take profits on so many without creating a slump?
@hacks4pancakes I suppose there is driving the original company into bankruptcy, default on financing that paid for assets then acquire company in fire sale through shell company. I've seen that happen too many times.
@hacks4pancakes I don't think most people are aware that the wealthy don't risk their own money. Once your net worth passes a certain point you can leverage assets in ways us normies can't imagine. Many live paycheck to paycheck. Some have enough that they are into managing the risk to what they got. A select few are dealing in financial instruments you could not imagine.
Trillion ByterThe corporations can rent them indefinitely, can sell if the market is good, can use them as an asset/collateral for loans, and can sell in a down market and take a tax write off.
If they do sell, it might only be a shell game where an investor in the selling company sells to another company they own. If they sell at a lower price, the assessed value goes down, so the buying company pays less property tax.
Their financial options beggar the rest of us.
hex@davesomebody @hacks4pancakes this is the wrong way to think about things. Corporations are malthusian. There is no end game, they just keep consuming resource to reproduce themselves until they destroy their environment and catastrophically collapse.
Malthusian organisms with no predators caused one of the first great extinctions, now they're causing the 6th. They will also die. They are not self aware so they don't actually care.
CJ Paloma Likes Longer Days@davesomebody @hacks4pancakes Some are buying them up more to rent to the plebes, for passive income. So especially w/ rents coming in, they could buy a ton more in the slump (for cheap)…
Even if that fails and a billionaire has lost (seriously) 90% of their assets, no one with 100 mil would ever need to worry about any slump.
Some folks are just addicted to more, more, more, $$$ because they've totally lost the plot of how to be decent people..
Jeff@davesomebody @hacks4pancakes Two things: at the logistics/rationalization level, they're likely counting on monopoly power to manipulate the supply side to get the price they want.
Second: check your theory of mind. I strongly suspect that most billionaires have some neurodivergence grade fundamental brain architecture differences from most of the population. The greedy maw is a hardware feature that cannot be turned off and the real problem: point one is just how they bullshit themselves.