this post was submitted on 09 Jun 2024
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Corporations owning houses is a tiny percentage, again, home ownership rate is 60%+
It is not a tiny percentage, and it is getting worse.
It's not even a special problem if a corp is a landlord or just one person.
The problem is not enough housing, not enough construction. Housing prices are actually decreasing in Austin because Texas builds
Landlords are problems themselves, it doesn't matter if it's a corp or a person.
The problem is NIMBYs, not landlords
The problem is Landlords.
Why? It's impossible for all of the homes to be owned, we've been between 63-68% home ownership
In fact, a nasty thing happened when the home ownership peaked around 2008
Public and individual ownership. Renting for profit is predatory.
Not everyone can just pay a down payment on a property
The government doesn't have the money to buy every property
Is that what I am advocating for?