|
A Sentient Pile of Spaghetti@spagritty.bsky.social |
I recently read that there is a very strong correlation between homelessness and rents increasing above 30% of the median wage. Which is what you see in cities that are attracting lots of new people for jobs, but not building lots of new housing. It's landlord profiteering driving homelessness.
1 replies 3 reposts 20 likes
|
Alex Glow (merlin)
@alexglow.bsky.social
[ View ] |
Shocked that this isn't more obvious to some. Houses are standing empty! High rents don't necessarily come from demand – like everything else, corps & investors jack up the prices just bc they can (and it ups the value of their other properties). 90% of personal finance advice today = be a landlord
1 replies 0 reposts 4 likes