2 ms·
These companies hardly exist, "evil corporations" is just super memeable and denizens of the internet will accept it as the answer to anything bad. In reality,
by Workaccount2 3y ago
These companies hardly exist, "evil corporations" is just super memeable and denizens of the internet will accept it as the answer to anything bad.
In reality, the economy has been booming for the "haves" and those people are the ones bidding up homes and pay $50k over asking with a 6.5% mortgage. Corporations don't care much for home rentals when treasuries are paying 5% with zero overhead and zero risk.
Sucks to be poor and sad to be poor and still eating the "evil corporations" delusion.
- mikrotikker 3y agoSo BlackRock and Vanguard didn't buy up swathes of housing out competing individuals by offering above asking price and then rent or landbank that housing?
- Workaccount2 3y agoThat was two years ago.
- mikrotikker 3y agoso?
- HDThoreaun 3y agoNot to a level that would make them one of the main culprit's for the housing crisis, no.
- mikrotikker 3y agoDo you have a source for that?
- escapedmoose 3y agoThe worrying part is that my friends aren’t “sad and poor” by any means. But they’re still regularly outbid (by huge margins) by these companies, which they then watch turn the properties into rentals. I don’t know what the larger trends are, but as my circle attempts to break into homeownership for the past 3 or 4 years, I am the only person who managed to dodge this trend (truly through luck alone) and remain the only homeowner.