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In Paris, 3.5% of households own 50% of apartments on the rental market. Add institutional investors, you are probably looking at 70%+. I'm sure it is the same
by axlee 4y ago
In Paris, 3.5% of households own 50% of apartments on the rental market. Add institutional investors, you are probably looking at 70%+. I'm sure it is the same in every large city. In the whole country, 24% of people control 68% of the housing. Tell me again what needs to be built?
Source: https://www.nouvelobs.com/economie/20211126.OBS51459/3-5-des-menages-detiennent-la-moitie-des-appartements-a-louer.html https://www.nouvelobs.com/economie/20211126.OBS51459/3-5-des...
- endisneigh 4y agoIrrelevant - more housing equals cheaper rent. Or put another way, do you think removing housing from the market makes rent more or less expensive?
- axlee 4y agoThe reason so many are forced to rent is because they cannot buy. At the end of the day, the population is mostly housed, but only a very small percentage benefit enormously from it because they own all the property.