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If even a smaller group controlled the supply of something why would that supply decrease in value. Currently rental prices have to compete with how much effor
by whywhywhywhy 1y ago
If even a smaller group controlled the supply of something why would that supply decrease in value.
Currently rental prices have to compete with how much effort a boomer wants to put into profiting from their second or third homes, a fair amount but most realize a stress free tenant is better than maximizing profit.
If you remove these independent landlords then it falls to a tiny group of giant orgs that then control the market and can charge whatever price they want.
- lazide 1y agoThat’s why the dynamic is unlikely to change until a large portion of boomers have died out.
- lotsofpulp 1y agoWhy would it change after the boomers die out? The population age histogram is going to get even more top heavy: https://www.populationpyramid.net/united-states-of-america/2024/ https://www.populationpyramid.net/united-states-of-america/2...
- lazide 1y agoBecause most of the younger generations didn’t have a chance to buy in at the lower prices, and hence haven’t owned much as a percentage at the same ages. Boomers own most of the real estate right now, and have for a very long time. It’ll spread around more when they die. At least as this quotes “Millennials own less than two-thirds of the real estate Baby Boomers did at the same age”. [https://www.visualcapitalist.com/sp/ter01-real-estate-ownership-by-generation-1991-vs-2025/ https://www.visualcapitalist.com/sp/ter01-real-estate-owners...]