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The rich that I refer here is Funds, REITs, or small group of Investors. All of them are financed by the Rich. > then lessened the amount of housing so that th
by hello_moto 2y ago
The rich that I refer here is Funds, REITs, or small group of Investors. All of them are financed by the Rich.
> then lessened the amount of housing so that there's not enough for future generations.
NIMBY definitely another issue but that house is still there and got bought by someone (person/entity) richer than the average.
- epistasis 2y agoLarge capital is not controlling the housing supply, though. That's entirely done at the local level by the petit bourgeois, which are the NIMBYs. You can read their investment filings which openly state this, even. Or go to any local government meeting.