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Landlords are parasites
(lemmy.world)
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this post was submitted on 30 Oct 2024
441 points (93.3% liked)
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Heres the thing. Landlords buy up housing, this shrinks the market, this increases housing prices, this creates a demand for new homes, this increases demand for supplies and the price of labor for construction.
Landlords obviously don't want higher construction costs, but they do want more properties. Higher construction cost is a consequence of that, not the goal.