this post was submitted on 19 Jul 2025
981 points (98.7% liked)

People Twitter

10399 readers
1187 users here now

People tweeting stuff. We allow tweets from anyone.

RULES:

  1. Mark NSFW content.
  2. No doxxing people.
  3. Must be a pic of the tweet or similar. No direct links to the tweet.
  4. No international politcs
  5. Be excellent to each other.
  6. Provide an archived link to the tweet (or similar) being shown if it's a major celebrity, figure or any politician. You can replace the addres of .x.com to xcancel.com in the address. https://web.archive.org/save is an option. Archive.is is no longer recommended because they remove/alter content.
  7. If a tweet (or similar) makes a statement of fact, either mark it as "satire" in the body or provide the original source link backing up the statement (see rule 6)

founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] Viking_Hippie@lemmy.dbzer0.com 10 points 1 year ago

investors will either sell the property

Good. Investors rather than inhabitants owning homes is a huge part of why rent and property prices have skyrocketed.

they will do the bare minimum to keep the building functioning

They already do that in order to maximize profits.

there is no incentive to improve the building.

Ever heard of this new thing called laws and regulations? It's the only "incentive" that actually DOES work to correct the behavior of greedy slumlords.

Letting them keep increasing the already obscenely high rents just means more profits for them in return for no benefit for anyone else.