- Jan 25, 2021
- 2,025
- 4,988
Happens in more than just poor districts now. Corporations - some foreign, some domestic - buy up entire streets, entire blocks even, of brand new housing developments and rent - not sell - them out at exorbitant rates, further inorganically raising the price of real estate in the few properties left for purchase & basically eliminating the middle class or any notion of ever owning property other than a shitty condo with monthly HOA fees. It's criminal, though unfortunately legal, in most if not all western countries. Ramped up tremendously in 2009 after the 08 housing crisis, with full permission of our elected leaders. I'm for temporarily bringing back cannibalism and eating all these motherfuckers. They (or their help) shop at Wholefoods and only eat organic so you know it's high quality meat.It is, essentially, gentrification that many real cities go through -- developers are buying out houses in poor districts, ramp up rents to force out old tenants, do some renovations and then rent these properties to rich corpo rats. Since there's far less houses than people, it doesn't really matter that the rich upper class is relatively limited in numbers, it leads to high profits and fucked up situation for everyone who can't afford it.
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