• hackerwacker@lemmy.ml
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    8 months ago

    The transfer of housing from end users (or even “mom & pop” landlords) to institutional investors results in communities being reduced into yield generating assets. As a consequence, prioritization of wealth extraction occurs without regard for long-term sustainability, leaving communities vulnerable to shock.

    Why are “mom & pop” landlords excluded? They are by far the worst. Greedy, anonymous, capricious, deluded fucks. I’ll take an “institutional” landlord with a reputation to uphold any time.