They are using advanced algorithms to find the best prices for in demand properties based on profit percentages. Its become so ridiculous corpos are buying houses before individuals can even bid or have access. They buy them in lots at a time. Even using the same algos to place offers on existing properties where people live. Its ludicrous.
We should really start by limiting that. If we start treating housing as a basic right, which we should, there’s zero reason a company should be allowed to own housing to profit off of. It’s a far bigger problem than my landlady who owns five flats. We can talk about limits for people like her later.
For sure. But we don’t even consider water a basic right and concede unlimited water rights to mega corporations before reserving water access to the local population. So I have no hope for that to happen with housing…
So limit those, too. A company can only own X properties. Above Y number of properties owned, Z% of them must be income-based. Go after any company getting around this with shell companies and shit. It’s a solvable problem, no one wants to tell the fat cats no though.
The problem is most houses are being bought by huge companies, not people.
They are using advanced algorithms to find the best prices for in demand properties based on profit percentages. Its become so ridiculous corpos are buying houses before individuals can even bid or have access. They buy them in lots at a time. Even using the same algos to place offers on existing properties where people live. Its ludicrous.
We should really start by limiting that. If we start treating housing as a basic right, which we should, there’s zero reason a company should be allowed to own housing to profit off of. It’s a far bigger problem than my landlady who owns five flats. We can talk about limits for people like her later.
For sure. But we don’t even consider water a basic right and concede unlimited water rights to mega corporations before reserving water access to the local population. So I have no hope for that to happen with housing…
So limit those, too. A company can only own X properties. Above Y number of properties owned, Z% of them must be income-based. Go after any company getting around this with shell companies and shit. It’s a solvable problem, no one wants to tell the fat cats no though.