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The impact on average people’s lives of housing consolidation will be orders of magnitude bigger than anything tech companies can do at this point, and it start
by isx726552 6y ago
The impact on average people’s lives of housing consolidation will be orders of magnitude bigger than anything tech companies can do at this point, and it started a while ago:
“Wall Street’s Hot New Financial Product: Your Rent Check” (2014)
https://www.motherjones.com/politics/2014/02/blackstone-rental-homes-bundled-derivatives/ https://www.motherjones.com/politics/2014/02/blackstone-rent...
More recently:
“A $60 Billion Housing Grab by Wall Street” (March 2020)
https://www.nytimes.com/2020/03/04/magazine/wall-street-landlords.html https://www.nytimes.com/2020/03/04/magazine/wall-street-land...
“If Landlords Get Wiped Out, Wall Street Wins, Not Renters“ (May 2020)
https://www.bloomberg.com/news/articles/2020-05-12/if-landlords-get-wiped-out-wall-street-wins-not-renters https://www.bloomberg.com/news/articles/2020-05-12/if-landlo...
This is going to huge, bad for almost everyone, and it’s not getting talked about. It’s the government’s job to stay on top of these sorts of things, and they are instead focusing on tech. This is about governmental watchdogs focusing on the wrong things. It’s not “whataboutism”, it’s directly related.