• @[email protected]
    6•1 year ago

    I think you might be having a math problem.

    Corporation Plan

    • Step 1, US has a financial meltdown
    • Step 2, corporations buy up all of the housing at cheap prices, price fix the rentals and use a shit ton of them for airBNBs
    • Step 3, not worry about the empty units or homes because price fixing and airBNBs will fix that
    • Step 4, develop a crowdfunding site so “investors” can get in on the renting/price fixing game
    • Step 5, complain that there isn’t enough housing to get the zoning changed, so they can build “luxury” apartments where they continue to price fix or rent out to tourists/business people because they’re ToTALLy NoT A hoTEl!
    • Step 6, profit, profit, profit

    Common Person Plan

    • Step 1, look to buy a home but there’s not enough supply so the prices go up
    • Step 2, try to save but their rent keeps getting raised because it’s being price fixed and there is a lack of supply (sometimes real because of the tourists)
    • Step 3, continue to rent while nervously waiting to try and build up a deposit and there’s less and less supply
    • Step 4, rent, rent, rent further away from the city core
    • @SCB
      -4•1 year ago

      I really don’t because the economics here doesn’t change. You’re just trying to moral high-ground economic concepts, which isn’t useful for policy solutions.

      It’s good for rhetoric tho, and we need to change minds, so it’s not a total waste.

      • @[email protected]
        3•1 year ago

        You’re just trying to moral high-ground economic concepts, which isn’t useful for policy solutions.

        What moral high ground? It’s easy to fix, make it so corporations can’t own more than a certain amount of units and corporations in general as a percentage of units in a city. If anyone has more than 4 airBNB units, you have to become a hotel. Simple solutions that won’t catch every instance but will make a dent.

        • @SCB
          -5•1 year ago

          “corporations bad” is a moral stance. It’s irrelevant to the underlying economics

          We aren’t debating policy. we agree on policy.