615
Don't hate the game, hate the players.
(lemmy.ca)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 09 Jul 2024
615 points (98.0% liked)
Stolen from Facebook
269 readers
278 users here now
founded 1 year ago
MODERATORS
I feel like even a big company should want to have a good relationship with its tenants. If you lose just one month's rent, you're out over 8% of your annual revenue and you're lucky if that's even your profit margin in the first place.
That's why they're so quick to evict. If they keep everyone squeezed for housing, then resistive tennants can be replaced quickly, and prices can inch up even more.
In a working market, there would be a lower cost alternative, but if all options are high-cost then the only real alternative left is homelessness, which is already illegal and being persecuted more and more.