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A comment on Money-laundering oligarchs bought all the real-estate to clean their oil money. Parent comment

Re:Money-laundering oligarchs bought all the real-estate to ... by drugme on Monday January 28, 2019 @05:46PM (#19021813)
There's no "trickle-down" effect. It's a trickle-up effect in terms of (1) rents necessarily raising in reaction to the dwindling supply and (2) the ensuing speculation bubble in "hot" neighborhoods.

Both of which royally screw over long-term tenants living on flat incomes -- i.e. "the middle class".

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Re:Money-laundering oligarchs bought all the real-estate to ... by sjjshzvuiajhz on Monday January 28, 2019 @07:02PM (#19022413)
What do you mean by dwindling supply, we are talking about investors buying properties and renting them out. That doesn’t decrease supply in the rental market.
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Re:Money-laundering oligarchs bought all the real-estate to ... by drugme on Wednesday January 30, 2019 @12:07PM (#19036926)
The thing is - quite often they aren't renting them out; but simply holding them as "assets". Or when they do rent them out - they tend to raise the rent. Which is why the supply of affordable apartments tends to "dwindle".
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