Based on currently available numbers, there are about 31 vacant housing units for every homeless person in the U.S.
this post was submitted on 10 Jul 2024
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We have been allowing the market to run its course, we are living with the result: a limited quantity required for survival (shelter) is bought up for the purpose of profiting off that scarcity and requirement, and those that can't afford to maximize the landlord's profits are left on the streets.
When people do this with luxury items like concert tickets and consoles we vilify them and call them scalpers. When they do it with shelter it suddenly becomes "an investment" regardless of the harm it does to the general population.
I find it baffling how often I hear "things are bad right now with X, but we just need to continue doing the exact same way we have been and change nothing, and surely it will improve!"
Well I personally feel that BlackRock and other asset management firms are the problem. I don't support corporations buying up assets (homes in this case), manipulating the market, and attempting to flip for even more than its actually worth.
Okay, but that is a result of "letting the market run its course." What do you suggest be changed in order to stop BlackRock from doing that?
The End Hedge Fund Control of American Homes Act - introduced by Dems.
This is why I stay center (though I lean right of center), I'm able to to sway left and right on issues. As should everyone else.
See? Now that is a much better response to the article than a random tangent about immigrants. Actual ideas that could help the situation.
I do very much question your so-called commitment to "stay center" when your first response to an article about homelessness and vacant homes is "Biden and immigrants bad".