beep@piefed.world to News@lemmy.worldEnglish · 23 days agoPrivate equity firms now own 1 in 8 American apartmentspestakeholder.orgexternal-linkmessage-square8fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkPrivate equity firms now own 1 in 8 American apartmentspestakeholder.orgbeep@piefed.world to News@lemmy.worldEnglish · 23 days agomessage-square8fedilink
minus-squareTriumph@fedia.iolinkfedilinkarrow-up0·23 days agoThere’s more money to be had buying houses than building them. More capitalists buy houses instead of building them. This makes home prices rise. So more capitalists buy houses instead of building them, prices go up more. Lather, rinse, repeat.
There’s more money to be had buying houses than building them. More capitalists buy houses instead of building them. This makes home prices rise. So more capitalists buy houses instead of building them, prices go up more. Lather, rinse, repeat.