this post was submitted on 13 Sep 2024
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But if you need a place to rent... Quid pro quo.
No, they need a place to live, and it just so happens that the landlords have collectively bought up most of the available housing. It's like saying that a ticket scalper is providing value.
You could literally change my sentence from "they need a place to rent" to "they need a place to live", same thing. You don't need a place to rent if you don't need a place to live :P.
My point is that the landlord is not providing some integral service, but inserting themselves as a middle man in the process to collect money like a ticket scalper.
But could the renter afford the house?
Given how high rent is getting combined with price deflation from the lack of scalping in this hypothetical, they might realistically be able to swing a mortgage, yeah.