A Boring Dystopia

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With Shared Software, Landlords Are Teaming Up to Raise Rents (jacobin.com)

submitted 3 months ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] bob_lemon@feddit.org 68 points 3 months ago (2 children)

over thirty-one thousand landlord clients managing over 19.7 million rental units

In case anyone is still wondering why housing is fucked, this is it right here. That's an average of over 600 rental units per landlord.

People renting out their old house for a small profit are not the issue. Like a lot of things, it really only breaks once corporations get involved.

[–] Dnb@lemmy.dbzer0.com 16 points 3 months ago

Yep and it just compounds. The money they make they buy more houses driving prices up so they make more.

[–] Mirshe@lemmy.world 5 points 3 months ago

Although, like economic figures, this tends to be concentrated. It would not surprise me if a hundred of those clients were managing 20k or more units apiece.