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this has already happened. google “homelessness”
Yes, but my point is that having empty units runs counter to the interests of landlords. Unless they can talk Trump's regime into subsidizing them unhousing whole areas of people landlords still have a limit/ceiling on the amount of churn they can have and still rent units (make money).
It's similar to the stories on Amazon not paying warehouse workers and working them like slaves, now their churn is so great they need to get robots because they are beginning to run out of bodies in areas.
Hey stop speculating and look up the case the DOJ made against them. And not just the cliffnotes. It explaines the practice way better than I could ever. But from what I remember the most profitable percentage of available units isn't 0% but closer to 5%. Landlord companies don't even need to do math and management of the housing; companies like Yardi and Rent Café does it all on their platform. One example was, a one year lease signed today is less valuable than a lease signed tomorrow or the next day... Due to inflation, scarcity, and all landlords playing the same game. Say I can rent out my apartment for $1000 a month today. But the Yardi algorithm says I can make $1100 a month if I wait 30 days to lease. Over the life of the lease I just made an extra $200 for nothing. Additionally you have one month less of potential maintenance. The algorithm knows how many leases in the area are ending and haven't been renewed; how much housing is currently available; what businesses are opening up or closing down in the area; population growth/decline; and so many other data points that they know exactly how much to squeeze the population in any given area.
Housing is a human right. The only reason not everyone has it, is only because the wealthy and powerful want it that way for money.
your point is valid, but needs nuance. perhaps try:
what number defines “significant surplus” varies based on market but it’s higher than you are imagining i think? simply having some empty units does not make a surplus; most landlords are good enough at business to prevent their surplus from being too massive and keep their profits up.