Comment on Companies that buy up homes should be known as home scalpers
unexposedhazard@discuss.tchncs.de 5 hours agoYeah no. Last i checked there are 4 times as many empty apartments than homeless people in Germany. The housing market here is completely fucked and corporate housing ownership needs to be disincentivized or outright banned for this to be solved. Whenever people try to buy housing they will be outbid by companies that already have plenty of capital. This leads to an everlasting spiral where the rich people will always have more buying power and normal people are perpetually stuck paying absurd rents to those same rich people.
FishFace@piefed.social 4 hours ago
But the vacancy rate is not shooting up; it’s steady/decreasing: https://cdn.statcdn.com/Infographic/images/normal/31454.jpeg
I can’t find any good data on corporate versus individual ownership.
How is this different when every house for rent is owned by an individual? They have the exact same incentive to charge high rents.
unexposedhazard@discuss.tchncs.de 4 hours ago
Obviously there should be limits to individual land ownership too…
FishFace@piefed.social 4 hours ago
I mean, if every house for rent is owned by someone who only owns a small number of houses. They still want to charge as much rent as they can get away with. Always have.
unexposedhazard@discuss.tchncs.de 3 hours ago
Which brings us back to the issue of all the empty and unused housing which is used to artificially increase rent levels. There is actually more supply than demand, but the supply is being limited by the gatekeepers (corporate and individual landlords). With proper legislation this would improve quite a bit.