A Boring Dystopia

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

submitted 1 month ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] bob_lemon 67 points 1 month 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 1 month 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 1 month 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.