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re: 3 corporations now own 19,000 metro Atlanta homes
Posted on 3/11/24 at 6:30 am to tigerstripedjacket
Posted on 3/11/24 at 6:30 am to tigerstripedjacket
quote:
The free market could never settle at this as an equilibrium. Just not possible.
But isn’t an unregulated free market what’s leading to this?
Corporations are able to buy up the housing and inflate prices because of unbridled capitalism.
3
Posted on 3/11/24 at 6:33 am to StringedInstruments
quote:
But isn’t an unregulated free market what’s leading to this?
Nah, if subsidies and entitlements were taken away the market wouldn’t be as attractive to corporations. It’s artificially inflated prices and has kept prices increasing more rapidly than without interference.
Posted on 3/11/24 at 12:04 pm to StringedInstruments
quote:
But isn’t an unregulated free market what’s leading to this?
An unregulated free market wouldn’t have had interest rates at zero for a decade. That’s what has led to all of this investor and PE money sloshing around looking for a place to go AND juiced the housing market making residential real estate so attractive and expensive.
Posted on 3/11/24 at 6:26 pm to StringedInstruments
quote:
Corporations are able to buy up the housing and inflate prices because of unbridled capitalism
Corporate fascism would be a better descriptor. Corporations are far more powerful than political interests. Congress was a captured operation once unfettered lobbying became legal.
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