3 ms·
There is no lack of building. There's an insane amount of single-family and multi-family construction going on where I live, far in excess of natural populatio
by nitrogen 5y ago
There is no lack of building. There's an insane amount of single-family and multi-family construction going on where I live, far in excess of natural population growth. But corporate landlords are buying up entire neighborhoods and replacing for-sale signs with for-rent signs. Corporate landlords will squeeze every penny of rent increase they can out of existing tenants, because moving is hard and they've blocked all the alternatives.
- epistasis 5y agoCorporate landlords, or really any landlord for that matter, can't squeeze anybody if they have other options. And in my personal experience, mom and pop landlords are just as greedy as corporate ones, but are less rational and obey the law less frequently. > There is no lack of building Putting something in italics doesn't make it true. In the vast majority of high demand areas, there's a smal smattering of new construction, far far less than comes close to meeting population demand, and locals freak out about the construction and vastly overestimate the amount. If your particular location is building 3%-5% more units per year, great, but most of the country is not and that means that every other place that's under building is displacing it's residents to where you live, easily swamping whatever you call "more than natural population growth"