2 ms·
Many renters rent because they can't afford to buy. So landlords or flippers eliminating the bottom x percent of the market forces many into renting, at which
by axaxs 6y ago
Many renters rent because they can't afford to buy. So landlords or flippers eliminating the bottom x percent of the market forces many into renting, at which point the landlords can determine the price. It's a self perpetuating system.
If tomorrow a law came about that said 'you can own no more than one home, full stop', watch how many renters buy their first home on firesale.
- missedthecue 6y agoWhy don't we just encourage more housing builds instead of stifling supply and contriving reckless policies to force people into doing this or that? (like forcing people to sell property at a loss?)