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You must have missed my point. The supply is restricted due to lobbying by home owners and landlord associations, this leaves people with no choice. If you watc
by feet 4y ago
You must have missed my point. The supply is restricted due to lobbying by home owners and landlord associations, this leaves people with no choice. If you watch the video on the article I cited you can see how the investment firms operate in their own words.
This restriction of supply takes housing off the market which raises prices on what's left due to actual humans who want to own a home have to pay more.
If the amount of actual people who want to own homes remains static and suddenly we have investors buying up a ton of homes reducing the supply, prices on the remaining homes shoots up.
This leaves people with little to no choice, if they were previously able to afford a home then they no longer can and are forced to rent. Is this good for renters? It's only good for the profits of investment firms.
- vba616 4y ago> The supply is restricted due to lobbying by home owners and landlord associations The supply of rentals is restricted due to lobbying by home owners. Not sure if you are agreeing. Have you ever rented an apartment under your own name or had a mortgage?