Re:VCs are financing an economy of servants
by AnimalMuppet on Monday August 09, 2021 @07:04PM
(#28123414)
That only works if the landlords who are "in on the game" own all the houses. If they only own half, and people double up, then the landlords who are trying to play this game end up with $0 income for their investments. That's going to be painful - hopefully painful enough that they have to abandon the strategy, and we can return to sanity.
Re:VCs are financing an economy of servants
by Sammi on Tuesday August 10, 2021 @04:47AM
(#28126513)
They just take up more loans to cover their debts. That works while interest rates are zero or lower. Hyperinflation here we come.
Re:VCs are financing an economy of servants
by AnimalMuppet on Tuesday August 10, 2021 @12:11PM
(#28130623)
"Hyperinflation here we come" and "interest rates are zero or lower" aren't going to coexist, at least not for long.
When two people move in together so that they now only have to pay 1/2 the rent of a house, that means the rent of each house can double and the occupants can still afford it.
There’s a way this plays out where both home price and rent double, but an increasing number of houses sit on the sidelines empty. Watching the commercial real estate market over the past decade, that scenario doesn’t strike me as outlandish.