socialismisok
Joined 4 years ago
Joined 4 years ago
Sure, there are cases where small landlords are beneficial in providing liquidity. But the big corporate firms being able to leverage their existing assets to buy more units seems antithetical to the goal of "we should eliminate homelessness" to me.
https://anytimeestimate.com/research/most-vacant-cities-2022....
Edit: even in supply constrained cities like Seattle, there are ~10 vacant units for ever homeless person.
We have people live with us for free, for in kind services, or paying whatever they could afford and still be saving money.
Investors are part of the problem, but by no means the only part. Anything that reduces investor speculation on housing and returns units to the rental or purchase markets is ok by me.
We stop thinking about housing as something everyone needs and start thinking about making sure we get ours before others do.
Neither of these is fine.
Double especially when cities bid and bribe for the right to host.
Triple when they have to build infrastructure that wasn't there before.
Asking someone, quite politely, to merely acknowledge the impact this event had on tens of thousands of people is not out of line in the least.
They could afford to pay a lawyer a whole lot to fight layoffs and firings.
Not a perfect set of options, but better options than they have today.