I love how all of these articles are about “create more supply!” instead of regulate corporations buying up all of the properties. You can watch the lack of supply correlate to when airbnb’s and rentals started to be investments for corporations. Price fixing is also a huge part of it. If rentals are unnaturally high, how are people supposed to save to buy?
I love how all of these articles are about “create more supply!” instead of regulate corporations buying up all of the properties. You can watch the lack of supply correlate to when airbnb’s and rentals started to be investments for corporations. Price fixing is also a huge part of it. If rentals are unnaturally high, how are people supposed to save to buy?
https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent
https://www.msn.com/en-us/news/us/we-found-that-landlords-could-be-using-algorithms-to-fix-rent-prices-now-lawmakers-want-to-make-the-practice-illegal/ar-BB1huX5O
https://mynorthwest.com/3942070/checks-out-washington-households-price-fixing-settlement/
https://www.king5.com/article/news/local/seattle/seattle-renters-lawsuit-against-leasing-companies-artificially-inflated-rent-prices/281-6e9bb105-7a58-49eb-ac0b-cd6d1a8ad457
Cost of building a house has also like doubled. Makes it hard to build even more homes for a good price if you wanted to.