There are 16M vacant homes to distribute among around 770k homeless people. With such an enormous housing surplus, why is the clearing price for a housing unit so far above a new prospective buyer’s budget?
You posit that people can’t afford to buy homes without asking why homes are unaffordable.
Investors accounted for 25.7% of residential home sales in 2024.
In that article, the word “investors” is deliberately lumping together individuals, and institutions/corporations, in an obvious attempt to trick people into thinking that category is comprised entirely of the latter. Underhanded semantic maneuver. Within the same article:
While large institutional investors continue to get most of the headlines in the single-family rental space, small investors account for more than 90% of the market.
I merely pointed out that not all ‘rent is bad’, ‘landlords are evil’.
Among probably many reasons that housing is unaffordable for many is that some persons or corporations are awful scumbags that want to maximize their profit beyond what is reasonable or fair.
Renting isn’t bad. Capitalism isn’t bad. Abuse of these things is bad.
Shelter is a fundamental human need, locking it behind an unnecessarily high and ever increasing pay wall is the epitome of abuse. Landlords are leeches.
If they’re monopolizing the housing market, absolutely.
There are 16M vacant homes to distribute among around 770k homeless people. With such an enormous housing surplus, why is the clearing price for a housing unit so far above a new prospective buyer’s budget?
You posit that people can’t afford to buy homes without asking why homes are unaffordable.
Investors accounted for 25.7% of residential home sales in 2024.
In that article, the word “investors” is deliberately lumping together individuals, and institutions/corporations, in an obvious attempt to trick people into thinking that category is comprised entirely of the latter. Underhanded semantic maneuver. Within the same article:
I merely pointed out that not all ‘rent is bad’, ‘landlords are evil’.
Among probably many reasons that housing is unaffordable for many is that some persons or corporations are awful scumbags that want to maximize their profit beyond what is reasonable or fair.
Renting isn’t bad. Capitalism isn’t bad. Abuse of these things is bad.
Abuse of these things is a core feature of capitalism. How can you contradict yourself so quickly?
The world is not black and white. I don’t accept the validity of your claim.
Shelter is a fundamental human need, locking it behind an unnecessarily high and ever increasing pay wall is the epitome of abuse. Landlords are leeches.