It costs them a few dollars a year to hang onto each domain. If they hold 1,000 domains and sell 5 at the ridiculous cost, then they made their money. Even slumlords gotta eat, right?
Yes hate is an ugly word, I dont allow it at all on my forum15 years ago, a fellow told me, "All the good domains are taken."
I buy multiple good domains every year. No problem.
"Hate" is an ugly word, overused and just ugly.
It's annoying, for sure.
But... It's an investment like any other. And there's nothing stopping us from doing it too
On the positive side...there are so many more domain name extensions than there used to be...this should help.
Hopefully someone isn't camping all possible extensions for "fredsgreatdoughnuts"!
This is like hating the owner of a lot I want to build my house on, simply because they secured ownership of it before me, and then condemning them for recognizing the value of their property.
An easy way would be for the domain authority to set a standard annual price.
Say it was $30.
Then that is the fee that every company in the world pays
Then make it illegal to sell a doman name for more than $30.
Then set a limit on the use of it.
Ie if a website is no longer up and running then the name goes back into the pot.
What happens now is that scum companies such as GoDaddy see that a domain name is no longer being used, then they buy it.