alt Hacker NewsExactly. Nobody wants to hear this, because we're all Temporarily Embarrassed Landlords, but if a corporation buying 100 houses to sit on and extract rent is bad (or good), then 100 individuals each buying 1 house to sit on and extract rent must be equally bad (or good).
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Guaranteed those 100 individuals won't all raise their rent 10% (or whatever) on the same day, every n months.
I disagree with this logic. To take it to an extreme, if one person earning a million dollars per minute has moral value X, then a million people earning one dollar per minute has moral value X. I disagree on principle.
Just allow people and corporations to own any homes they build. That way we can all still hope to be landlords with a hundred homes.
So long as landlords grow their business by increasing the total stock of housing, no harm is done.
The complaint, real or imagined, is that young individuals aren’t building up capital. Home ownership was the bedrock of middle class assets.