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113 points

residential property should not be able to be bought by corporations, there is no benefit in allowing that to happen at all

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34 points

It’s sure beneficial for the rich fucks behind these companies. Everyone else gets fucked.

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-35 points
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No, that’s not any of this works. In a free market, it’s entirely possible (and often the case) that both the rich fucks and everyone else benefit.

I recommend Basic Economics by Thomas Sowell and also Poor Economics by Abhijit V. Banerjee.

edit Based on the voting response, I guess I should have suggested something from Dr. Seuss first.

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20 points
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Then pray tell, how is private equity purchasing homes benefiting everyone else?

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10 points

Free market doesn’t exist without regulation

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5 points

Lol please tell me this comment is a joke.

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14 points

It’s been bought by them for a long time now.

https://www.statista.com/statistics/603416/leading-apartment-owners-in-the-us-by-units-owned/

They used to just buy your mortgages, then they started cutting out the middle man.

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6 points

Sure there is. Just not to the regular person.

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5 points
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People should not be able to buy residential building? /s

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-59 points
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USA has roughly 15 million vacant homes currently. If this company manages to fill some of them with people, that means there’ll be fewer vacant homes. Obvious net benefit for all.

edit I guess you guys enjoy that there are homeless people then

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30 points

Oh look… a capitalist shill using homeless people as a propaganda prop to do apologetics for the capitalists that caused all the homelessness.

Yawn.

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27 points

The reason those houses are vacant is because companies bought them and are now pricing them out of the reach of most consumers

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-18 points
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How do you think businesses work? By pricing the things they are selling out of reach of consumers?

How much money does a corporation make by just owning a house? I think it’s not as much as renting it.

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24 points

Hol up. Lolololol.

Are you saying that the rich fucks who are buying up housing stock will make them accessible to the houseless population of America?

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9 points

So far they actually have nothing to say beyond “nuh uh you’re wrong”, which is effectively nothing at all. I’ve asked them to explain, we’ll see what we get.

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-11 points

Are you saying that the rich fucks who are buying up housing stock will make them accessible to the houseless population of America?

No, that’s not what I’m saying.

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7 points

A surplus of homes does not equal less homeless people. If their prices, either as rentals or for buying, is too high, it can actually increase the number of homeless people.

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6 points

so, you think the reason that the homeless people don’t live in these homes is because… they wouldn’t be able to pay rich people money if they did?

how high do you have to be to make the statement “look I would love to not freeze to death, but only if I get to pay half my income to Amazon” seem reasonable?

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5 points

Vacant does not mean unowned.

Plus I’m pretty sure Amazon doesn’t want thousands of crackhead row houses in shit areas.

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2 points

If there are 15 million vacant homes now, then a company made up of wealthy investors buying up heaps of them at the current inflated prices isn’t going to change anything. Those houses won’t become living spaces for poor and homeless people - they’ll sit vacant until someone comes along who’s willing to pay the exorbitant rent.

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