this post was submitted on 25 Feb 2026
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341
NBC Interview abruptly ends after New Yorker blames private equity and landlords for the city's issues (loops.video)
submitted 1 day ago by toaster@slrpnk.net to c/videos@lemmy.world
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[–] pelespirit@sh.itjust.works 40 points 1 day ago* (last edited 1 day ago)

He gets every award out there. This is amazing.

Private equity:

  • Rental buildings are bought by these companies and filled (or not) for Air BNB, luxury housing, etc. This leaves no affordable housing.
  • They price fix the shit out of these locations through rental software.
  • Prices rarely go down, and if they do, it's not much.
  • They push for a building frenzy so they can park their money and rent out the bottom floor. Doesn't matter if some homes are empty if the price doesn't go down and you're price fixing.
  • Won't let you work from home because it fucks with all of the above.
  • Only beholden to the people who are in the club, they can do what they want with no repercussions.