Comment on Companies that buy up homes should be known as home scalpers
MentalEdge@sopuli.xyz 4 hours agoWell then, we’re back to some people cutting their costs by doing all the things I said above. You dismissed them all as if reasons why they’re not practical are reasons why they’re impossible.
No. I dismissed them as insufficient to show up in the stats.
All those landlords have the exact same incentives to charge as much as they can get away with, to subdivide properties and to exploit their renters as corporate landlords do.
Duh. But are you really going to claim single property owners competing with every other single property owner, wouldn’t have different results than duopolistic companies carving up sities and throwing their weight around in legislation?
Have you considered that larger companies are also able to act to maintain the low supply?
Real-estate and construction overlap a great deal, and that influence also grows with consolidation.
And thanks for linking to a study that confirms what I’m trying to say? 3-7% of the largest bill most people have is not nothing.
Does that percentage account for wage stagnation?
Everything else is caused by low supply and such.
A few comments ago you were clamining low supply is the only problem.
FishFace@piefed.social 3 hours ago
If people really thought that companies buying real estate might, at most, contribute a few percent of the price, while limited supply has led to price increases of hundreds of percent, then we’d be getting constant memes about insufficient house-building and pushes to change that, rather than this kind of thing.
I want to change the narrative, because if all people hear is “COMPANIES ARE BUYING UP HOUSES AND JACKING UP RENTS” they won’t push for the policies which will have a bigger impact.
MentalEdge@sopuli.xyz 2 hours ago
Did I at some point say we don’t need more housing?
Protip: switch to “yes, and”.
You won’t get a positive response by continuing with “no, actually”.
FishFace@piefed.social 2 hours ago
Right back atcha, pal. You had ample opportunity to agree that the biggest problem is lack of housing. Instead you embraced the narrative of the OP.
MentalEdge@sopuli.xyz 43 minutes ago
In my very first reply to you:
This whole time I’ve been trying to tell you, “no, that is actually a problem” because you started off by minimizing the contribution of corporate interests to the housing problem. I guess I should have made the the implied “as well” more obvious, but it was always there.
You didn’t start off with we need more housing. You started off with “it’s not the companies and they are good actually”.
So no, I wasn’t gonna start off with “yes, and” because what you started with needed actual refuting, first.