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Correct. Landlording introduces additional competition in the housing market, making buying and renting costs go up, and that's why it's profitable even when a
by goodpoint 5y ago
Correct. Landlording introduces additional competition in the housing market, making buying and renting costs go up, and that's why it's profitable even when a lot of homes stay empty and a lot of people struggle to survive.
Add to that a political system that takes the side of large investors...
- sgregnt 5y agoI don't buy what's presented without evidence. But just curious, in your opinion more competition is bad?
- goodpoint 5y agoThis is the most basic economics. You introduce additional, artificial competition for buying homes from a group wealthy people and - surprise - the prices go up.
- sgregnt 5y agoYou mean the demand goes up and supply does not change? That is not really an increase in competition, more like less competition in the market...AFAIS