4 ms·

"Blackrock and other parasites" A large landlord is not a "parasite". He makes money by fulfilling a vital need for housing. Blame housing regulation, not land

"Blackrock and other parasites" A large landlord is not a "parasite". He makes money by fulfilling a vital need for housing. Blame housing regulation, not landlords, for high rents and home prices.

blueprint 5y ago
A Federal Reserve is not a "parasite". He makes toilet paper by fulfilling a vital need for QE. Blame foreign policy, not the Federal Reserve, for high inflation and home prices.
MisterBastahrd 5y ago
Capturing the supply to raise rates is about as parasitic as you can get when talking about something that people absolutely need to have. The town I live in didn't get substantially larger population-wise, but home prices have risen almost 45% in the past 2 years because Zillow and other large corporations have been plucking up homes for sale left and right to squeeze the market.
tonyedgecombe 5y ago
Landlords leverage their easy access to capital to extract rent from those without. It looks parasitic to me.
- HeyLaughingBoy 5y ago
  Or you could view it as performing a service for those who don't have that easy access to capital.
  - swagasaurus-rex 5y ago
    You could also view it hoarding supply for a limited resource, driving up rent and transferring wealth from the poor to themselves for no additional value.
LesZedCB 5y ago
housing regulation is a dog whistle for tenants actually having rights.
- jgwil2 5y ago
  Could be referring to onerous zoning laws that keep density down.
  - LesZedCB 5y ago
    true, and Boston (GPs username) is certainly one of those places where historical districts and small multi-family housing units prevent affordable high-density housing.
atlantas 5y ago
Oh I do blame that too. Housing regulation by NIMBYs have long been pushing up their own home values by making it onerous to increase supply.
potta_coffee 5y ago
In some areas they're buying up entire subdivisions, raising market prices by buying up all of the supply and out-competing individuals who are looking to buy. That sounds more parasitic to me than filling any "vital need".
lp0_on_fire 5y ago
IMO there is a big difference between the landlord that owns a few buildings and _lives in the community_ vs a faceless corporation that's buying up whatever they can find wherever they can find it without regard to what it's going to the local economies.

"Blackrock and other parasites" A large landlord is not a "parasite". He makes money by fulfilling a vital need for housing. Blame housing regulation, not landlords, for high rents and home prices.

blueprint 5y ago

A Federal Reserve is not a "parasite". He makes toilet paper by fulfilling a vital need for QE. Blame foreign policy, not the Federal Reserve, for high inflation and home prices.

MisterBastahrd 5y ago

Capturing the supply to raise rates is about as parasitic as you can get when talking about something that people absolutely need to have. The town I live in didn't get substantially larger population-wise, but home prices have risen almost 45% in the past 2 years because Zillow and other large corporations have been plucking up homes for sale left and right to squeeze the market.

tonyedgecombe 5y ago

Landlords leverage their easy access to capital to extract rent from those without. It looks parasitic to me.

HeyLaughingBoy 5y ago
Or you could view it as performing a service for those who don't have that easy access to capital.
- swagasaurus-rex 5y ago
  You could also view it hoarding supply for a limited resource, driving up rent and transferring wealth from the poor to themselves for no additional value.

LesZedCB 5y ago

housing regulation is a dog whistle for tenants actually having rights.

jgwil2 5y ago
Could be referring to onerous zoning laws that keep density down.
- LesZedCB 5y ago
  true, and Boston (GPs username) is certainly one of those places where historical districts and small multi-family housing units prevent affordable high-density housing.

atlantas 5y ago

Oh I do blame that too. Housing regulation by NIMBYs have long been pushing up their own home values by making it onerous to increase supply.

potta_coffee 5y ago

In some areas they're buying up entire subdivisions, raising market prices by buying up all of the supply and out-competing individuals who are looking to buy. That sounds more parasitic to me than filling any "vital need".

lp0_on_fire 5y ago

IMO there is a big difference between the landlord that owns a few buildings and _lives in the community_ vs a faceless corporation that's buying up whatever they can find wherever they can find it without regard to what it's going to the local economies.