• 1 Post
  • 14 Comments
Joined 10 months ago
cake
Cake day: January 6th, 2024

help-circle




  • Huh, TIL.

    Regarding your edit, that amount wasn’t the cumulated cost of whatever Limewire were distributing, that would be idiotic indeed; rather the RIAA tried to call for a ruling that somehow those guys were causing $150,000 in damages - per instance. Now the article unfortunately doesn’t state how they possibly tried to justify that number, and I can’t be bothered to research that myself. Another thing that would interest me is how the plaintiff expected them to pay with almost every dollar on Earth.

    So while I don’t think this had anything to do with “lost sales”, I do agree with the possible fines and damage calculations not being fit for any sort of realistic purpose at all.






  • That’s a point I didn’t actually think about, touché. Let’s go through this then:

    Before Covid (in my country at least), there was this massive push for more homes, because the interest rates were so low. Everyone was building a house, because it was so very cheap (in interest at least, not necessarily in costs). At that point, wise developers might have decided to not take on any big new projects, focusing on finishing their current ones instead of trying to ride out this bubble.

    Then Covid hit and the supply chains broke down. That was sudden and couldn’t be expected, I’ll give you that. But now, four years later, the main reason (in my opinion) for the low occupancy is the newfound interest for WFH, also resulting from Covid. Who needs an expensive condo in a crowded city if you can have a cheap flat in a small town instead?

    So in this case, I’ll (partially) retract my prior opinion and instead state that while a crash could’ve been seen somewhere on the horizon, Covid with all its consequences certainly couldn’t have been foreseen.

    I’m not familiar with the housing prices in Toronto compared to smaller cities in Canada, but perhaps those developers need to bite the bullet and lower their asking prices, because I’d imagine selling for less is still better than holding onto dead weight, praying for demand to go up again.