this post was submitted on 11 Aug 2026
682 points (98.0% liked)

Work Reform

17285 readers
1776 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

Our Goals

founded 3 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] makeshift0546@lemmy.today 6 points 1 week ago (2 children)

This is nonsense. Corporations own 10% of housing. There is pressure but it's not a primary driver people need to stop parroting this

Homes are treated as speculation and investments. NIMBY ism abound when it comes to density. Expensive labor for new home construction.

These are the primary drivers.

[–] Zannsolo@lemmy.world 6 points 1 week ago (1 children)

There's probably another 10% owned by individual landlords with 3+ properties as well. It's driving prices far more than you think. I'm my town something like 37% of single family homes are rental properties, if you don't think that's causing insane inflation of house prices in my area you're crazy.

[–] chonglibloodsport@lemmy.world 3 points 1 week ago (1 children)

The biggest issue is lack of construction. We’re building fewer units now than we were in the 1960s, despite having double the population today.

[–] Zannsolo@lemmy.world 1 points 1 week ago

There's been way more new houses built in the greater area in the last 10 years than were ever built when I was growing up.

Adjusted for inflation I probably make about 60% more than my stepdad did when they bought a house in 1997. That house is now worth almost 5x what the bought it for. And the mortgage for the house as a first time homebuyer is probably close to 8-10x what it was for them.

The house next to my friends probably needs to be a complete rebuild and it's likely going to sell for 800k. It is a good location but it's not particularly big and is unlivable best case you could take it down to the studs but I didn't even think that is actually enough to fix it.

Must of the rentals here are owned by a few family owned property management companies.

[–] unitedwithme@lemmy.today 2 points 1 week ago (1 children)

Dude, so much of our area has turned into corporate rentals for when they host guests, or rent them out when not needed for business personnel.

The house close to my parents went for almost 40k over asking last year, so not even in a heated market.