3 ms·
If the entire focus is on structuring the economy for rentier capitalists, this is to be expected. It will get worse as private equity starts owning a lot of si
by thelastgallon 3y ago
If the entire focus is on structuring the economy for rentier capitalists, this is to be expected. It will get worse as private equity starts owning a lot of single family homes with worse experience for renters[5]. They just started getting their feet wet [2]. This will rapidly increase [3].
Singapore, Japan and Austria[1] (maybe some other countries too!) seem to have solved housing. In contrast, we have Canada, Australia and US.
[1] https://www.politico.eu/article/vienna-social-housing-architecture-austria-stigma/ https://www.politico.eu/article/vienna-social-housing-archit...
[2] https://www.blackstone.com/housing/our-track-record-in-housing/ https://www.blackstone.com/housing/our-track-record-in-housi...
[3]Bezos-Backed Company Surpasses $100M In Single-Family Home Acquisitions While U.S. Housing Shortage Worsens: https://finance.yahoo.com/news/bezos-backed-company-surpasses-100m-175917368.html https://finance.yahoo.com/news/bezos-backed-company-surpasse...
[5] Google: blackstone owned homes complaints