this post was submitted on 01 Apr 2024
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I'll repost a comment I made before again here:
context: https://lemmy.ca/comment/4927203
This is only true if there's the same number of houses as people. There are way more houses than people.
Trash analogy
If there are more than enough houses then an investment house would be a bad investment since no one would need to rent it and/or no one would want to buy it with a good profit margin. Instead, they're buying houses that people want, which is driving up home prices and letting them set high rents.