this post was submitted on 18 Aug 2025
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This isn't small timers, it's corporations buying up all of the housing, building only "luxury" apartments and price fixing the fuck out of the rent.
Then they spout "Trickle Down Housing" where the "luxury" apartments will be available in 30 years.
If they built luxury apartments, rich people would stop renting regular apartments, and the prices would go down
A lot of places in the us are experiencing a gluten in high end housing... https://archive.is/20250110182457/https://www.wsj.com/real-estate/commercial/the-u-s-has-more-fancy-apartments-than-it-is-able-to-fill-f7bca968