you are viewing a single comment's thread
view the rest of the comments
[–] 22 points 5 days ago (4 children)

You overlooked the most important outcome: landlords selling property to individuals who will live there.

This is a good thing because it reduces property prices, moves the market away from rentier capitalism towards people owning their own homes, and reduces economic inequality and insecurity.

  • source
  • parent
  • hideshow 4 child comments
  • [–] 14 points 5 days ago (3 children)

    They're going to get sold to corporations who rent out even higher with no value add

  • source
  • parent
  • hideshow 3 child comments
  • [–] 0 points 5 days ago (2 children)
  • [–] 3 points 5 days ago (1 child)

    the source is the general trend in housing industry over the last 20-30 years, hedge funds and private equity trying to monopolize housing.

    usually turning them into vacation rentals (airbnb) or luxury rentals (tech bro homes).

    it's happening in every rich country (g8, etc), and probably poor countries soon, if not already.

  • source
  • parent
  • hideshow 1 child comment