3 ms·
They also play games where they refuse to lower rents even when they're going empty because it will lower the resale value of the property. There's lots of eco
by treyd 3y ago
They also play games where they refuse to lower rents even when they're going empty because it will lower the resale value of the property. There's lots of economic games you can play when you own a large percentage of the rental property in an area. The logic of "landlords provide housing" is a myth, but it's especially true here when the primary purpose of owning the property for these firms is speculation and collecting market rate rents is secondary to that.
- rpmisms 3y agoLandlords generally own a couple properties, and have competition. If you control a significant percentage of the market, you can really really abuse that.