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[-] JoMiran@lemmy.ml 4 points 1 month ago* (last edited 1 month ago)

Kill the billionaires who horde homes.

It isn't the billionaires, it is the funds the billionaires and multimillionaires invest in. I have seen these funds buy under-privileged neighborhoods almost in their entirety in less than a year. They replace the cabinets with builder grade stuff they buy in bulk, same with the carpet, a few.light fixtures and a coat of paint (maybe $5k investment) and they rent them out to working families. A neighborhood goes from ghetto to starter within two years, but rents go from ~$800 to ~$2200 as well. Also, those homes will never be within reach for anyone looking to purchase.

[-] radivojevic@discuss.online 5 points 1 month ago

Well, of billionaires who invested in these funds found themselves with fewer fingers, they might reconsider their investments.

this post was submitted on 27 Jul 2024
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