return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 3 months agoWith Shared Software, Landlords Are Teaming Up to Raise Rentsjacobin.comexternal-linkmessage-square49fedilinkarrow-up1388arrow-down17
arrow-up1381arrow-down1external-linkWith Shared Software, Landlords Are Teaming Up to Raise Rentsjacobin.comreturn2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 3 months agomessage-square49fedilink
minus-squarebob_lemon@feddit.orglinkfedilinkarrow-up68·3 months ago over thirty-one thousand landlord clients managing over 19.7 million rental units In case anyone is still wondering why housing is fucked, this is it right here. That’s an average of over 600 rental units per landlord. People renting out their old house for a small profit are not the issue. Like a lot of things, it really only breaks once corporations get involved.
minus-squareDnb@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up16·3 months agoYep and it just compounds. The money they make they buy more houses driving prices up so they make more.
minus-squareMirshe@lemmy.worldlinkfedilinkarrow-up5·3 months agoAlthough, like economic figures, this tends to be concentrated. It would not surprise me if a hundred of those clients were managing 20k or more units apiece.
In case anyone is still wondering why housing is fucked, this is it right here. That’s an average of over 600 rental units per landlord.
People renting out their old house for a small profit are not the issue. Like a lot of things, it really only breaks once corporations get involved.
Yep and it just compounds. The money they make they buy more houses driving prices up so they make more.
Although, like economic figures, this tends to be concentrated. It would not surprise me if a hundred of those clients were managing 20k or more units apiece.