Profits are fine, excessive profits at the cost of people who need housing are not. There is no silver bullet, but increasing supply along with strong regulation to protect renters is welcome vs them being cattle to be squeezed by for profit entities. Human rights are a thing, there is no right to profit.
> The six largest publicly traded apartment companies in the U.S. — all of which are linked to an alleged rental price-fixing scandal — experienced profit increases during the first three months of the year, according to an analysis from left-leaning watchdog group Accountable US exclusively shared with The Hill.
> In the analysis, the companies earned a combined $300 million in profit during the first quarter of the year, in part, due to rent increases.
Lots of profit to squeeze out with regulation, based on the evidence. The Vienna model is a proven model if for profit enterprises walk away from housing.
https://thehill.com/business/housing/4718252-large-apartment...
https://accountable.us/report-top-corporate-landlords-see-pr...
> The six largest publicly traded apartment companies in the U.S. — all of which are linked to an alleged rental price-fixing scandal — experienced profit increases during the first three months of the year, according to an analysis from left-leaning watchdog group Accountable US exclusively shared with The Hill.
> In the analysis, the companies earned a combined $300 million in profit during the first quarter of the year, in part, due to rent increases.
Lots of profit to squeeze out with regulation, based on the evidence. The Vienna model is a proven model if for profit enterprises walk away from housing.
https://thehill.com/business/housing/4718252-large-apartment...
https://accountable.us/report-top-corporate-landlords-see-pr...