this post was submitted on 05 Sep 2023
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-> landlords buy buildings -> less buildings available for sale -> price goes up -> people cant afford buying homes -> people rent
Do you imply that everyone would be able to afford buying a home without landlords?
No, not every landlord is horrible and renting definitely has it’s place, but it shouldn’t be the only option you get unless you want to spend 700k
Like the other comment said, it becomes a problem when large groups are buying up all properties
Landlords buy buildings --> More available rentals so people have more choices on where to live
Then there's the real world.
Large groups of landlords/property management companies buy the majority of residential buildings in an area -> theres essentially nowhere else left to live -> they collude to increase prices