BlackRock Is Not Ruining the U.S. Housing Market
www.theatlantic.com
The real villain isn’t a faceless Wall Street Goliath; it’s your neighbors and local governments stopping the construction of new units.

I’m not sure how much more blatant the bourgeois propaganda can get. I mean, they are just going completely mask off at this point.

  • Water Bowl Slime@lemmygrad.ml
    18·
    2 years ago

    Derek Thompson:

    At a time of maximal desperation in the U.S. housing market, giant investment banks, such as BlackRock, are buying up some of the few houses left on the market, boxing families out of the American dream. They’re turning these homes into rental units that they will, in some cases, leave to decay.

    Also Derek Thompson:

    But this outrage is misdirected.

    This dude’s talking about new construction as a solution like we don’t already have more homes than people. In his solution, what’s stopping all the new housing from becoming unaffordable again?

    • supersolid_snake@lemmygrad.ml
      5·
      2 years ago

      Exactly this. There isn’t a lack of shelter… It’s a lack of affordable shelter. There should be a 100% tax on non-residential property or more.