this post was submitted on 27 Jul 2024
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A Boring Dystopia

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[–] ____@infosec.pub 20 points 1 month ago (2 children)

Billionaires and rent-seeking companies. There are at least three national companies I can think of who are hoarding single-family homes in major cities and renting them out.

Generally they purchase at scale via REO scenarios, and provide no value whatsoever while driving up prices drastically

One example is a company called “Progress,” no better or worse than the others but with a meaningful web presence if you’re curious.

[–] Poppa_Mo@lemmy.world 4 points 1 month ago

Also Black Rock.

[–] radivojevic@discuss.online 4 points 1 month ago

Maybe we should progress on Progress.