@SehrLesbisch
Law of unintended consequences: Creating an incentive to buy properties, make AirBNBs, keep them unavailable to live in. Everything is bollocks, that's the first lesson in life.

@SehrLesbisch The millionairs “robbing” Canadian cities places to live and not investing anything. They are hoarding houses as well.

@SehrLesbisch Seattle group being sued real estate group internet site for pricing the rental market jacking it up by corruption so consumers ended up paying higher rents that were fixed by the crooks.

@SehrLesbisch It is insane how true this is. Even homes are like this. My neighborhood has 4 houses owned by the residents, the rest are owned by a single guy who rents them out. I'm one of the lucky 4, but we get calls, knocks on our door and mailers daily asking to sell our house to them. It's always a shitty offer too, but "IT'S CASH!!!"

@SehrLesbisch@chaos.social They also add zero value to the economy or society. They produce nothing. They make nothing. They are a purely rentier class, a parasitic element.

@SehrLesbisch what if they own one very little old house, but their mortgage is so high that they cannot afford to live in it themselves just yet, so have to rent it out (*at an affordable rate) and live in a tiny place for rent themselves, closer to their workplace?

@SehrLesbisch landlords are scum

@SehrLesbisch Now that landlords have bought all they want and the boom is over, mortgage rates went up.