>>So he owned other peoples homes? Ugh I hate this system. Why is absentee ownership a thing, why is it seen as ‘success‘? The more investment capital goes int

>>So he owned other peoples homes? Ugh I hate this system. Why is absentee ownership a thing, why is it seen as ‘success‘? The more investment capital goes into real estate, the more impetus there is to expand housing supply, and thus the more affordable rental rates, which is the cost of having housing, is. There are of course numerous other factors involved in determining housing costs, like the municipal government's permit processing efficiency, zoning restrictions on building density, accessibility of residential neighborhoods to job centers via road networks and public transportation, etc, but ceteris paribus, more investment increases housing supply and reduces rental rates. Beware of the anti-profit bias: https://digest.bps.org.uk/2017/08/04/we-have-an-ingrained-anti-profit-bias-that-blinds-us-to-the-social-benefits-of-free-markets/ https://digest.bps.org.uk/2017/08/04/we-have-an-ingrained-an...