Re:Baby boomers are becoming homeless at a rate not seen sin...
by kbelder on Monday September 25, 2023 @04:05PM
(#37649802)
Right. It's still the same amount of houses, and the same amount of people wanting a house, so the price is not going to shift much.
Re:Baby boomers are becoming homeless at a rate not seen sin...
by escapedmoose on Monday September 25, 2023 @07:48PM
(#37652370)
While I agree the mom and pop landlords also pose a problem, they don’t have the capital to outbid new buyers by tens of thousands, or to leverage dozens of existing properties. Bidding against them is not a perpetual David vs. Goliath battle.
Take them away and private "mom & pop" land lords quickly fill the void, and usually are much more stringent about who they will rent to and what they think a fair rent is.