You are viewing a single thread.
View all comments View context
13 points

When investors buy properties and set higher rent prices, non-investor landlords raise their rent prices to whatever the artificially-inflated market rate is for the area. Not all 1.4 million landlords have to be actively working on fucking the populace, but they all end up participating in it because no one is going to charge lower rent out of the goodness of their heart.

permalink
report
parent
reply
6 points

And when the “non-investor” landlords raise their prices high enough, they quickly find they have enough money to consider investing in a second rental property, out bidding people who have trouble saving after paying artificially inflated rent.

permalink
report
parent
reply
4 points
*

Did you know that the original version of Monopoly was called “The Landlord’s Game”, and was used as a teaching aid to teach the poor about the inherent immorality and inevitable loss of freedom and equality land ownership entails? Then a capitalist came along, stole the whole thing, rebranded it Monopoly, and made a shitload of money.

https://www.wikiwand.com/en/The_Landlord’s_Game

permalink
report
parent
reply
2 points
*

and then turned it into a nostalgia delivery system for anyone that will buy anything with their favorite IP slapped on it.

permalink
report
parent
reply
1 point
*

non-investor landlords

Isn’t that an oxymoron? A landlord is by definition, an investor. Maybe you mean something else…

permalink
report
parent
reply

Canada

!canada@lemmy.ca

Create post

What’s going on Canada?



Communities


🍁 Meta

🗺️ Provinces / Territories

🏙️ Cities / Regions

🏒 Sports

Hockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


💻 Universities

💵 Finance / Shopping

🗣️ Politics

🍁 Social & Culture

Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


Community stats

  • 3.2K

    Monthly active users

  • 5.5K

    Posts

  • 51K

    Comments

Community moderators