Olaf Grawert
👤 SpeakerAppearances Over Time
Podcast Appearances
And this fuels a constant cycle of demolition for new construction.
Because in the logic of real estate speculators, every building is up for demolition.
And this is something you have to understand.
No, really.
Every house in which you live that promises more profit is up for demolition.
Why?
Because to speculators, your house is a commodity.
It's a good.
And just like an old toaster, you don't fix it, you replace it.
So why is demolition so profitable?
Well, essentially, it's a question of values.
So in our current system, the value of a building is measured only by its price.
So in our real estate system, value and price are the same.
So if I ask you, what is the value of a house?
What is the value of this building?
What would be the answer?
Well, in a world in which value and price are the same, the answer shrinks to a few economic factors.
It's very simple.
It's square meters and land, location and market potential.
So this is the base how real estate speculators calculate.