A quarter of US renters spend half their income on housing.
This is in no small part due to the price-fixing scheme all of the 6 biggest apartment companies took part in.
Even if rental markets were working well, which they aren't, we should still question why we would want private companies profiting off this necessary good. Seems like there is ample room for improvement here.
https://www.axios.com/2024/09/12/american-renters-housing-paycheck-spending
https://thehill.com/business/housing/4718252-large-apartment-companies-rental-fixing-scheme-profits-analysis/
#economics
Kyle Montanio /
npub165…ltdlq
2024-09-14 16:20:33
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npub165ct04kdzaq7wtqsqthqawk5cygyamgfusv0m4mr2tusqhm4v88q9ltdlqPublished at
2024-09-14 16:20:33Event JSON
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