There wouldn’t be lower availability if the incentives to sell were compelling enough. No disrespect, but it kind of sounds like blackmail: “Raise our taxes and we’ll raise your rents!!”
So what, then? Do we need more drastic legislation limiting what landlords can charge renters? Should we totally disincentivize profiteering from real estate altogether?
The problem is that younger generations are already feeling the pinch. Many of them went to college, have tons of debt, and feel like wage slaves, with rents high enough that they can’t even save for a down-payment, much less build long-term wealth. Add to that a total inability to compete for homeownership—with their own all-cash landlords, no less!—and the system is totally broken.
How dysfunctional does our society need to become, how rich do corporate landlords and bankers need to get, before change happens?
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