The Market includes companies like Blackstone, who scoop up houses at auction, lightly flip them and then put them back on the market as high-priced rentals.
Don’t forget the part where if it requires too much work in the short term, they slap a coat of paint on it and sell it again.
I thought it was my turn to repost this today
I mean, it is the market. The market collectively agreed that buying stuff and raising rent is better than building stuff and cutting margins in favor of volume. That and they made sure to buy as much land as possible, so no one else can either.
As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce.
Card-carrying member of the Communist Party Adam Smith
Critical support to Adam Smith in his fight against remnants of the feudal landlords and their peasants
