SleezyDizasta @ SleezyDizasta @lemmy.world

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1 yr. ago

Residential units are generally considered 4 units or less. Over 80% of landlords are just normal people who spend their hard earned money on properties like this. Mom and pop landowners are incentivized to rent out their units as quickly as possible. Corporations, on the other hand? They can buy up entire neighborhoods and rent a single unit out for years just to manipulate market prices in their favor.

Or you know, just build more houses?

That's idiotic. There's nothing wrong with owning rentals or being a landlord. It only becomes an issue when massive corporations with endless amount of money buy so much inventory that they start affecting the market

That's stupid, we already tried social housing and it didn't work. The market is the one and only thing that can reverse the situation, and it has done so before too, we just need to put in place the right incentives

But they are commodities...

I mean I agree with the notion that corporations shouldn't be buying up entire neighborhoods, but at the same time if a corporation is building neighborhoods then I think it's fine if they own them. We need more units ultimately