this post was submitted on 05 Apr 2024
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It's not lack of housing.
It's a combination of housing investors and hoarding.
Real Estate companies are just sitting on stock they can't sell at sky high prices. Now they have entered the landlord game and are using stock they can't sell as rental stock, but forcing insane rents. Like 3000 dollars a month for a shit one bedroom out in the suburbs shit.
Entire apartment high rises being sold overseas to foreign investors who don't even have PR status.
The problem can easily be solved, but it requires taking down the rich.