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10 months agoLook kids, Big Ben
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Joined 1 year ago
Cake day: July 2nd, 2023
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Dude, I made it like 80% of the way through that movie before I noticed it was Romeo and Juliet. I felt so dumb when it hit me.
It was the Leonardo DiCaprio version, wasn’t it?
SUPER high level, and slightly biased explanation: corporate home buying.
Large investment firms like buying up property increasing the demand and raising prices. This prices normal people out of being able to afford a house. It also raises other housing related costs like rent, because these firms want to make a profit. This in turn prices people out of being able to afford ANY housing.
When we’re just numbers on a spreadsheet, there is a certain level of vacancy and homelessness, that maximizes profits.
…again