This is why BlackStone/BlackRock and places like it buy them.
There are enough empty homes now to end homelessness completely, but putting them into circulation would lower costs by reducing demand, so they make money by keeping them empty so the ones that are available will be valued much higher.
This is why BlackStone/BlackRock and places like it buy them.
There are enough empty homes now to end homelessness completely, but putting them into circulation would lower costs by reducing demand, so they make money by keeping them empty so the ones that are available will be valued much higher.
that’s exactly what a monopoly does. one should look into how to apply anti-monopoly laws on the housing market more effectively.
Antitrust enforcement has been a joke in every sector as long as I’ve been alive, sadly.