Comment on Housing prices
pelespirit@sh.itjust.works 1 week ago
The corporations owning thousands and thousands of houses and buying out the markets, for sure. They’ve done it for all types of housing,
- They buy out the extra homes in major markets and then control the excess
- They price fix the ones they rent out
- They go the AirBNB route for some
If the homes that were owned by corporations were out in the market, there would be a very small housing crisis, if any.
There were articles about Microsoft, Amazon, and all the other techy companies in the Seattle area buying up small apartment buildings so they could house their H1B visa people in the early 2010s. Talk about a company town.
Seattle also took software companies to court and won that were price fixing our rentals. I’m sure they didn’t catch them all. There are a lot of shenanigans behind the scene.