We didn't even try.
People think too small when it comes to stuff like this. One individual land lord company doing this isn't a big deal. But when you scale that up to a national level? We're talking about millions of homes going empty, misused, and siphoned off for only greed.
Hey stop speculating and look up the case the DOJ made against them. And not just the cliffnotes. It explaines the practice way better than I could ever. But from what I remember the most profitable percentage of available units isn't 0% but closer to 5%. Landlord companies don't even need to do math and management of the housing; companies like Yardi and Rent Café does it all on their platform. One example was, a one year lease signed today is less valuable than a lease signed tomorrow or the next day... Due to inflation, scarcity, and all landlords playing the same game. Say I can rent out my apartment for $1000 a month today. But the Yardi algorithm says I can make $1100 a month if I wait 30 days to lease. Over the life of the lease I just made an extra $200 for nothing. Additionally you have one month less of potential maintenance. The algorithm knows how many leases in the area are ending and haven't been renewed; how much housing is currently available; what businesses are opening up or closing down in the area; population growth/decline; and so many other data points that they know exactly how much to squeeze the population in any given area.
Housing is a human right. The only reason not everyone has it, is only because the wealthy and powerful want it that way for money.
It's turned inside out and the ovaries have turned into testicle.
Oh sweet summer child.
There is no ceiling! If 10 of us poors need to cram into a studio apartment to make ends meet, what does the landlord and corporations care? The justice department is already suing (until the 20th) the largest rental companies for collusion and price fixing. They are using algorithms to decide their occupancy rates. Turns out 100% occupancy isn't the most profitable. They need constant turn over in order to keep rasing rates. People have to live somewhere and if all the companies are using the same algorithm isn't obvious that 100% occupancy isn't wise.
Cruelty is the point
Just 12 more days until he literally the second most powerful man on earth. (musk is obviously topping Trump. Figuratively and literally.)
Should'a, would'a, could'a. Capitalism 101, don't fix a problem you created until either the PR gets to spicy, the government forces you to, or you get bought out and the process starts all over again.
That's the point. Keep you scrambling. Can't stop grinding for the oligarchy and capitalism, or the next place you'll be sleeping is the streets.
This just in, "Wealthy people everywhere suck ass! More at 11."
Lincoln definitely up there somewhere
Otherwise they wouldn't be rich.