A Boring Dystopia

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Rent is theft (lemmy.world)

submitted 3 days ago by zedgeist@lemmy.world to c/aboringdystopia@lemmy.world

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[–] TubularTittyFrog@lemmy.world -2 points 2 days ago* (last edited 2 days ago) (1 children)

you're wrong. objectively. you are delusional and making ridiculous statements that are objectively false, both about housing and about MAGA, neither of which have anything to do with each other.

democratic voters have higher incomes than republican voters. most high income people (100K+) vote democratic in the last election the groups that voted republican were working-class incomes between 30-100K.

https://www.nbcnews.com/politics/2024-elections/exit-polls

[–] BarneyPiccolo@lemmy.today 3 points 2 days ago

What are you talking about? Do you not understand the concept of TIME? What does the income of Dems vs Repubs have to do with it?

There is an obvious trend of investment companies buying up single family houses. This is not "objectively wrong," it is the truth, and ALL those companies have publicly stated they intend to buy up so many single family homes that they will control the cost of housing in America. This is FACT.

Studies GAO reviewed found that no investor owned 1,000 or more single-family rental homes as of late 2011. However, by 2015, institutional investors collectively owned an estimated 170,000-300,000 homes. As of June 2022, institutional investors of varying sizes made up a large portion of the single-family rental market in many cities, particularly in Sunbelt states.

https://www.gao.gov/products/gao-24-106643

So it doesn't matter where it stands NOW, the important point is that they own a larger percentage of the market than they did a year ago, and they will own more a year from now, and even more a year after that.

Your solution is to ignore the growing problem, pretend it doesn't exist, and then when it is too big a problem to ignore, wonder why someone didn't do something about this a long time ago, say, when they still owned less than 9% of the market, like now.