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this post was submitted on 13 May 2024
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For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
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The reason prices aren't dropping with lower demand is that all this shit belongs to hedgefonds, private equity firms and the like. Those fucks are usually leveraged to the hilt, i.e. they cannot cope with even a small correction. That's why they hold on to high rents at all costs and would rather see a huge increase in vacancies than a drop in rent. That can go on only for so long, until the pressure becomes too great and we'll have 2008 all over again.