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> Because home-building became more expensive during the pandemic as a result of supply chain problems, developers tried to pass those prices off to renters to
by whywhywhywhy 3y ago
> Because home-building became more expensive during the pandemic as a result of supply chain problems, developers tried to pass those prices off to renters to pay off loans.
This seems to be completely ignoring inflation and hinting at a greed narrative.
- EGG_CREAM 3y agoI think it's just equating the two, which probably isn't wrong, considering the record profits made even as inflation has skyrocketed.[1] Making less profit is not an option for all of these businesses (because of greed), so they pass 100% of the inflation on to the consumer, and then some. [1] https://www.npr.org/2022/02/13/1080494838/economist-explains-record-corporate-profits-despite-rising-inflation https://www.npr.org/2022/02/13/1080494838/economist-explains...