• PeleSpirit@lemmy.world
    link
    fedilink
    English
    arrow-up
    12
    ·
    1 year ago

    Wow, that’s a whole lot of sugar coat of the actual problem with housing. Corporations bought up a lot of the apartment buildings to convert to short term rentals and price fixed the long term rentals, that’s why there’s a shortage of housing.

    • Raiderkev@lemmy.world
      link
      fedilink
      arrow-up
      7
      ·
      1 year ago

      2 things can be true. Most boomers I know participate in rent seeking to some degree. Corpos buying up housing didn’t help either. Nor did foreign buyers. They also benefited massively from the low covid rates and were outbidding the families those rates were supposed to be helping with. The whole housing market is fucked, and our spineless, property owning politicians aren’t going to do anything about it any time soon.