Seriously… And there isn’t exactly an issue with finding places to rent, the issue is with what those greedy fucking corporations ask for rent. $3000/mo for a tiny p.o.s “luxury” apartment, or a shack mislabeld as a house is an absolute joke. If I had that kind of money I wouldn’t need to rent ffs…
If the corporations are asking market rates for rent then it doesn’t matter if they are greedy or not, they will set rent at the same level an individual would.
If they are setting rent above the market rent then you can just go somewhere else for cheaper so it isn’t a problem for you.
If they don’t buy the property the supply is higher… meaning prices come down and individuals can purchase at lower costs. They artificially jack up the demand on an equal supply.
That’s only looking at house demand. It’s true as long as you only look at prices for purchasing houses, which is an activity done by relatively rich people. You are indeed helping people with enough wealth to purchase a house.
My point is that the corporations are not just sitting on these houses, they are turning them into rentals. So they are increasing the supply of rentals, lowering the price to rent. And renters are typically poorer than the people with enough wealth to purchase a house.
So the ban would help the relatively richer people and hurt the poorer.
Seriously… And there isn’t exactly an issue with finding places to rent, the issue is with what those greedy fucking corporations ask for rent. $3000/mo for a tiny p.o.s “luxury” apartment, or a shack mislabeld as a house is an absolute joke. If I had that kind of money I wouldn’t need to rent ffs…
If the corporations are asking market rates for rent then it doesn’t matter if they are greedy or not, they will set rent at the same level an individual would.
If they are setting rent above the market rent then you can just go somewhere else for cheaper so it isn’t a problem for you.
If they don’t buy the property the supply is higher… meaning prices come down and individuals can purchase at lower costs. They artificially jack up the demand on an equal supply.
That’s only looking at house demand. It’s true as long as you only look at prices for purchasing houses, which is an activity done by relatively rich people. You are indeed helping people with enough wealth to purchase a house.
My point is that the corporations are not just sitting on these houses, they are turning them into rentals. So they are increasing the supply of rentals, lowering the price to rent. And renters are typically poorer than the people with enough wealth to purchase a house.
So the ban would help the relatively richer people and hurt the poorer.