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How on earth would higher home sale prices by corporations bidding housing up push rent down? It has the exact opposite effect, rents go up if a property costs
by quickthrowman 5y ago
How on earth would higher home sale prices by corporations bidding housing up push rent down? It has the exact opposite effect, rents go up if a property costs more..
- woah 5y agoSeriously? What's the mechanism of this magical connection? Rental prices go up if there is more demand in the rental market.
- liketochill 5y agoLandlords don’t buy properties to rent at a loss. Before they buy they make sure they will be able to charge the rent they need to cover costs. Or at least I do.
- woah 5y agoExactly. Corporations are buying houses because rents are high. Rents are not high because corporations are buying houses. Rents are high because there are not enough houses on the rental market, because not enough houses are built.
- nawgz 4y agoYou talk about supply and demand in your comments, and then somehow the idea that corporations controlling the supply lets them manipulate and ignore demand just goes over your head. Strange.