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rental prices are driven by P/E redirecting funds to the purchase of housing stock, which they then use to jack up the rent. Fuedalism is returning by stealth.
by hunglee2 1y ago
rental prices are driven by P/E redirecting funds to the purchase of housing stock, which they then use to jack up the rent. Fuedalism is returning by stealth.
- hdgvhicv 1y agoIf there’s demand for 5 million units and supply of 6 million prices will go down as 1 million units will be empty If there’s demand for 5 million units and supply of 4 million, prices will go up and 1 million will move out of the city
- georgemcbay 1y agoYou conveniently left out the part where many large corporate landlords collude by using software like RealPage to enable widescale price fixing.
- hdgvhicv 1y agoAs do small landlords. they can only do this because supply is so constrained.
- beowulfey 1y agothat is also assuming the demand is atomic when that isn't necessarily the case. A lot of that pooled demand can come from singular sources. in other words, not all demand is created equal
- ipaddr 1y agoIn your first case they increase rent as a group and have 80+% occupancy. In your second case they increase rent and people are forced into having roommates.