Re:California will pay off all past due rent
by s1artibartfast on Tuesday June 22, 2021 @04:53PM
(#27597066)
I tend to agree that things will become increasingly consolidated, but think it is more the fault of the government, opposed to the capitalist system.
It is the government which has inflated the cost of housing and assets out of the reach of many people. For example, in 2020, there were 10 trillion dollars in US covid packages and federal reserve actions, which mostly went to corporation to buy assets out from under individuals. Thats > $60,000 per federal taxpayer.
It looks as though that my kids will be unable to buy a home and may be renters-for-life — as with an increasingly larger percentage of the upcoming generations.
No doubt, like in every other pursuit of Capitalism, there will be mergers, buyouts, and consolidation of the entire "rental industry".