<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN"><html><head><meta content="text/html;charset=UTF-8" http-equiv="Content-Type"></head><body ><div style="font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 10pt;"><div>Hello list,<br></div><div><br></div><div>It might help everybody to know that at current rates, it could take 100 months of lease revenue to purchase an address.<br></div><div>The risk is not exactly zero when buying to lease out.<br></div><div><br></div><div>Regards,<br></div><div>Mike<br></div><div><br></div><div><br></div><div class="zmail_extra_hr" style="border-top: 1px solid rgb(204, 204, 204); height: 0px; margin-top: 10px; margin-bottom: 10px; line-height: 0px;"><br></div><div class="zmail_extra" data-zbluepencil-ignore="true"><br><div id="Zm-_Id_-Sgn1">---- On Thu, 23 Sep 2021 19:27:53 -0400 <b>Mike Burns <mike@iptrading.com></b> wrote ----<br></div><br><blockquote style="margin: 0px;"><div><div style="font-family : Verdana, Arial, Helvetica, sans-serif; font-size : 10pt;"><div>Hi Bill,<br></div><div><br></div><div>Wrong.<br></div><div>Arin processes a purchase of address.<br></div><div>I turn around and lease them for a fraction of that amount.<br></div><div>I add accessiblity and affordability for the lessees, or there is no market.<br></div><div><br></div><div>It's as simple as a bank financing a pickup truck.<br></div><div>Is the bank guilty of rent-seeking?<br></div><div><br></div><div>Regards,<br></div><div>Mike<br></div><div><br></div><div><br></div><div class="x_-1793488473zmail_extra_hr" style="border-top : 1px solid rgb(204, 204, 204); min-height: 0px; margin-top : 10px; margin-bottom : 10px; line-height : 0px;"><br></div><div class="x_-1793488473zmail_extra"><div><br></div><div id="x_-1793488473Zm-_Id_-Sgn1">---- On Thu, 23 Sep 2021 19:25:37 -0400 <b>William Herrin <<a href="mailto:bill@herrin.us" target="_blank">bill@herrin.us</a>></b> wrote ----<br></div><div><br></div><blockquote style="margin : 0px;"><div>On Thu, Sep 23, 2021 at 4:15 PM Mike Burns <<a href="mailto:mike@iptrading.com" target="_blank">mike@iptrading.com</a>> wrote: <br>> I add value by transferring cash to somebody else in the hope I can lease the purchased IPv4 out for a profit before China and the DoD dump addresses on the market. <br> <br>Hi Mike, <br> <br>ARIN leases addresses to you. You turn around and lease them to <br>someone else at a higher price. You add nothing in the process, no <br>network services or anything like that. The lessee can't rent them <br>directly from ARIN, not because of cost or risk or whatever but ARIN <br>doesn't have any left to rent. It's about as straightforward an <br>example of rent seeking as you can get. <br> <br>Regards, <br>Bill Herrin <br> <br> <br>-- <br>William Herrin <br><a href="mailto:bill@herrin.us" target="_blank">bill@herrin.us</a> <br><a href="https://bill.herrin.us/" target="_blank">https://bill.herrin.us/</a> <br></div></blockquote></div><div><br></div></div><br></div>_______________________________________________ <br>ARIN-PPML <br>You are receiving this message because you are subscribed to <br>the ARIN Public Policy Mailing List (ARIN-PPML@arin.net). <br>Unsubscribe or manage your mailing list subscription at: <br>https://lists.arin.net/mailman/listinfo/arin-ppml <br>Please contact info@arin.net if you experience any issues. <br></blockquote></div><div><br></div></div><br></body></html>