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There's nothing inherently wrong with a company owning property. The problems come when they own a statistically significant percentage of the market. They gai
by oliwarner 3y ago
There's nothing inherently wrong with a company owning property.
The problems come when they own a statistically significant percentage of the market. They gain unfair price controls, have unparalleled market data, higher control over agents. All the normal things you get with monopolies.
The resource type matters too. These companies aren't building extra homes to let, they're taking over their competition, vacuuming up stock as fast as they can.