You are viewing a single thread.
View all comments
113 points

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

permalink
report
reply
6 points

Sure there is. Just not to the regular person.

permalink
report
parent
reply
5 points
*

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

permalink
report
parent
reply
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.

permalink
report
parent
reply
-59 points
*

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

permalink
report
parent
reply
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.

permalink
report
parent
reply
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.

permalink
report
parent
reply
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?

permalink
report
parent
reply
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.

permalink
report
parent
reply
-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.

permalink
report
parent
reply
5 points

Vacant does not mean unowned.

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

permalink
report
parent
reply
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?

permalink
report
parent
reply
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.

permalink
report
parent
reply
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

permalink
report
parent
reply
-18 points
*

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.

permalink
report
parent
reply
34 points

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

permalink
report
parent
reply
-35 points
*

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.

permalink
report
parent
reply
5 points

Lol please tell me this comment is a joke.

permalink
report
parent
reply
10 points

Free market doesn’t exist without regulation

permalink
report
parent
reply
20 points
*

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

permalink
report
parent
reply

News

!news@lemmy.world

Create post

Welcome to the News community!

Rules:

1. Be civil

Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.

Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.

Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.

Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.

Posts must be news from the most recent 30 days.


6. All posts must be news articles.

No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.

If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.

Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.

The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body

For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

Community stats

  • 14K

    Monthly active users

  • 20K

    Posts

  • 526K

    Comments