Just because they aren’t inflated to fit and absurdum argument doesn’t mean they aren’t able to charge way over the actual market value of the rent via market control, and collusive monopoly. This is a well known consequence of a captured market, and why we have the concept of anti-trust at all.
So yes, the corporate landlords are be able to raise the cost of housing to evil levels of extortion without being genies, or magical, or any other thing no one is arguing they are. Especially when so many properties are purchased simply to sit on the property and have no real concern for using it to house anyone, as there are largely empty apartment buildings, even whole neighborhoods, in the most desirable places, when we can’t seem to even have enough housing around to bring the costs down marginal amounts.
Then why don’t they all charge $10k/month in rent? Or $100k? Or a million?
No amount of collusion can magic away basic market limits.
Just because they aren’t inflated to fit and absurdum argument doesn’t mean they aren’t able to charge way over the actual market value of the rent via market control, and collusive monopoly. This is a well known consequence of a captured market, and why we have the concept of anti-trust at all.
So yes, the corporate landlords are be able to raise the cost of housing to evil levels of extortion without being genies, or magical, or any other thing no one is arguing they are. Especially when so many properties are purchased simply to sit on the property and have no real concern for using it to house anyone, as there are largely empty apartment buildings, even whole neighborhoods, in the most desirable places, when we can’t seem to even have enough housing around to bring the costs down marginal amounts.