Experts said that wealthy investors with second or third properties are pricing out first-time homebuyers and reducing the overall housing supply in the real estate market.
When investors buy properties and set higher rent prices, non-investor landlords raise their rent prices to whatever the artificially-inflated market rate is for the area. Not all 1.4 million landlords have to be actively working on fucking the populace, but they all end up participating in it because no one is going to charge lower rent out of the goodness of their heart.
And when the “non-investor” landlords raise their prices high enough, they quickly find they have enough money to consider investing in a second rental property, out bidding people who have trouble saving after paying artificially inflated rent.
Did you know that the original version of Monopoly was called “The Landlord’s Game”, and was used as a teaching aid to teach the poor about the inherent immorality and inevitable loss of freedom and equality land ownership entails? Then a capitalist came along, stole the whole thing, rebranded it Monopoly, and made a shitload of money.
When investors buy properties and set higher rent prices, non-investor landlords raise their rent prices to whatever the artificially-inflated market rate is for the area. Not all 1.4 million landlords have to be actively working on fucking the populace, but they all end up participating in it because no one is going to charge lower rent out of the goodness of their heart.
And when the “non-investor” landlords raise their prices high enough, they quickly find they have enough money to consider investing in a second rental property, out bidding people who have trouble saving after paying artificially inflated rent.
Did you know that the original version of Monopoly was called “The Landlord’s Game”, and was used as a teaching aid to teach the poor about the inherent immorality and inevitable loss of freedom and equality land ownership entails? Then a capitalist came along, stole the whole thing, rebranded it Monopoly, and made a shitload of money.
https://www.wikiwand.com/en/The_Landlord’s_Game
and then turned it into a nostalgia delivery system for anyone that will buy anything with their favorite IP slapped on it.
Isn’t that an oxymoron? A landlord is by definition, an investor. Maybe you mean something else…