It takes enormous capital as property prices are high due to real estate speculation (the priority with real estate is not use but financial value), regulatory capture (excessive regulations are pushed by the largest companies to make it impossible to start a competitive business), and high insurance costs (very appealing to the biggest investors as they mean the largest investors can be self insured).
Comment on Why exactly are nursing aids paid so poorly?
michaelmrose@lemmy.world 1 month agoWhy don’t good people start nursing homes
spock@lemmy.world 1 month ago
ZombiFrancis@sh.itjust.works 1 month ago
They’re run out of business if they even start. Otherwise it has to be a non-profit, which is reliant on fundraising and outside funding.
Remember the people running these are the landlords. Owners of commercial properties and the only entities with resource rights to able to develop. You know: the same entities that have been capable for generstions, but unwilling, to construct adequate housing.
This is what they build instead.
The daycare analysis is a bit different: that’s mostly just sheer insurance liability. Childcare centers need so much licensing and insurance, so it’s mostly done by backyard operations and church basements.