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A comment on Baby boomers are becoming homeless at a rate not seen since the Great Depression. Parent comment

Re:Baby boomers are becoming homeless at a rate not seen sin... by fzeroracer on Monday September 25, 2023 @06:19PM (#37651493)
> Even if it's true that a few large businesses own most rentals, that kind of oligopolistic behavior should be undercut by new people entering the market by building more apartments - unless there's a big barrier to entry, like the difficulty in building things when there's restrictive zoning!

You're missing the forest for the trees here. The 'new people' entering the market sell the apartments and buildings they create to the big businesses in question. I've lived in apartments for my entire life, eventually they all get acquired by Greystar. Even the smaller ones.

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Re:Baby boomers are becoming homeless at a rate not seen sin... by AnthonyMouse on Tuesday September 26, 2023 @01:59AM (#37655022)
Either these companies have an unlimited amount of money and the construction companies should thereby hire everyone in the city to build ever more housing so they can make an unlimited amount of money, or they have a finite amount of money and the construction companies will eventually have taken all of it and yet still be able to build more housing after that.
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