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>The findings suggest that institutional investors made it harder for people to purchase homes, but easier for renters to access neighborhoods that previously h
by ramesh31 3y ago
>The findings suggest that institutional investors made it harder for people to purchase homes, but easier for renters to access neighborhoods that previously had few rentals.
"You'll own nothing and you'll be happy"
This is indeed the intended outcome.
- RangerScience 3y agoSounds amazing for a population of stoic monks (own nothing = have no responsibilities, ties, etc), and absolutely terrible for community building (minimum requirement for a community is space to have it in).
- deleted 3y ago[deleted]
- ponector 3y ago1. Get homes. 2. Rent them to people. 3. Increase rent to the point where people can barely afford it. 4. Investors will be happy to get good returns. But what about neighborhood? People who lived there for decades and now forced to move? Market doesn't care. Nobody cares if there is a profit for shareholders or/and banks.