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> While corporations buy up entire neighborhoods and take housing off the market essentially forever Exactly why would corporations do that? They like to throw
by credit_guy 2y ago
> While corporations buy up entire neighborhoods and take housing off the market essentially forever
Exactly why would corporations do that? They like to throw money and not make a profit? I thought corporations are profit driven, are you saying that's not the case?
- chii 2y agopresumably the OP meant take it off the ownership market, and replace with rental. AKA, the OP assumes that owning is the end all and be all, and a corp that purchases the house and never sell means there will be less ownership by the individual.
- DidYaWipe 2y agoIn what remote way did I say anything of the sort? What are you talking about? Meanwhile: Unlike homeowners, corporations don't typically die and leave their houses to their children. But when people do, and their out-of-state children want to dispose of the asset quickly, they're going to sell that house to the fat corporate all-cash offer... not to a new family who wants to move into the neighborhood. At this point we all know that home ownership is the best way for anyone of any walk of life to build wealth. Corporations are destroying that opportunity.