Comment on Not changing anytime soon
pelespirit@sh.itjust.works 2 months ago
Corporations buying up all of the real estate and then price fixing the rent is what caused this. Also, AirBNB type apps, see previous sentence.
Comment on Not changing anytime soon
pelespirit@sh.itjust.works 2 months ago
Corporations buying up all of the real estate and then price fixing the rent is what caused this. Also, AirBNB type apps, see previous sentence.
crusa187@lemmy.ml 2 months ago
This is a huge problem, we need to significantly curtail the ability of corpos to buy up single family homes. They then turn around and recruit unwitting landlords with “dynamic pricing” apps, and use that as a means to collude and further jack up rental prices to insane levels across entire regions.
It should also be straight up illegal for foreign nationals to buy American real estate. And yet, we let them do it, in cash, in one of the most brazen examples of money laundering one can witness today. See Trump tower selling condos to Russian oligarchs at wildly inflated valuations for example.
The whole thing’s fucked. If we had anyone representing Americans in Washington DC things might be different, but they all work for corporations or billionaires from other countries so I guess we can just get bent in good ol USA.
the_q@lemmy.zip 2 months ago
You’re almost right. Housing should not be a path to wealth. Period.