this post was submitted on 13 Sep 2024
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No. It's not large companies. It's a sickness inherent in the system and exactly what this is taking about. The only service being provided is leveraging their own credit to get a mortgage from the bank and then paying that mortgage and taxes with rent. They do that because it will decrease supply and increase value. And that's a parasitic practice done not just by large companies by any means. In my city they even subcontract for maintenance and also pay for that out of the rent. If we're doing this shit, why exactly aren't we just letting the renters own their equity for paying the goddamn mortgage. It's a disgusting system.