The price of housing he's little to do with supply and demand. (not in the way most people think.)what if the supply is artificially decreased to drive up demand? What if every land lord company was working together to increase profits?
Uhhhh the car buying process is so different than any other industry that comparing it to buying a toaster is disingenuous. What if I told you, "you're not allowed to buy this toaster from Cuisinart directly." Not only that but you must go to a store with a mark up to buy the toaster. Would you feel the same?
Hell. The system will find out later that the kid is innocent but refuse to release them. Red states will happily execute known innocent people. But Trump commits High Treason and well be president for it.
Capitalism isn't efficient! It's creates whole industries that have no other purpose but to lech off the system. Land lords, insurance, none rehabilitation based justice system, private/charter schools, car dealerships, military industrial complex, etc.
People think too small when it comes to stuff like this. One individual land lord company doing this isn't a big deal. But when you scale that up to a national level? We're talking about millions of homes going empty, misused, and siphoned off for only greed.
Hey stop speculating and look up the case the DOJ made against them. And not just the cliffnotes. It explaines the practice way better than I could ever. But from what I remember the most profitable percentage of available units isn't 0% but closer to 5%. Landlord companies don't even need to do math and management of the housing; companies like Yardi and Rent Café does it all on their platform. One example was, a one year lease signed today is less valuable than a lease signed tomorrow or the next day... Due to inflation, scarcity, and all landlords playing the same game. Say I can rent out my apartment for $1000 a month today. But the Yardi algorithm says I can make $1100 a month if I wait 30 days to lease. Over the life of the lease I just made an extra $200 for nothing. Additionally you have one month less of potential maintenance. The algorithm knows how many leases in the area are ending and haven't been renewed; how much housing is currently available; what businesses are opening up or closing down in the area; population growth/decline; and so many other data points that they know exactly how much to squeeze the population in any given area.
Housing is a human right. The only reason not everyone has it, is only because the wealthy and powerful want it that way for money.
There is no ceiling! If 10 of us poors need to cram into a studio apartment to make ends meet, what does the landlord and corporations care? The justice department is already suing (until the 20th) the largest rental companies for collusion and price fixing. They are using algorithms to decide their occupancy rates. Turns out 100% occupancy isn't the most profitable. They need constant turn over in order to keep rasing rates. People have to live somewhere and if all the companies are using the same algorithm isn't obvious that 100% occupancy isn't wise.
The west spreads terrorism in the west. It's not a, "they hate us, cuz they ain't us" situation. They hate us because of 200 years of colonization, bombings, and war. We stop those things and I'm sure isis wouldn't have much of a argument.
True. But this catch22 was predictable, planned, and meticulously implemented by the world oligarchy. We are the bottom 99% to 90% of the world need to rise up. At the end of the day we are the losers regardless
I expect nothing from the Democratic party and they still let me down. The union agreed to the deal! Nippon agreed to keep every job and to modernize the steel plants. The time, money, and expertise to do that ourselves is beyond 10 years out. Even if the government give US steel MORE subsidies. Smh US Steel publicly said they would have to lay off thousands of people if this did not go through. Whelp if it was such a national security threat they should have thought about this 40 years ago. But nope profits over people and now the only way to save US steel is to sale it to another company. LATE STAGE CAPITALISM
The price of housing he's little to do with supply and demand. (not in the way most people think.)what if the supply is artificially decreased to drive up demand? What if every land lord company was working together to increase profits?