How The Obsessive Greed Of The Wealthy Is Actually Making Homes Unaffordable For Renters And Genuine Buyers
Billboards promoting investment in rental properties and urban studios, reflecting the growing real estate market amid rising rents. Notice in the above image how the billboard targets the investors who will buy and rent this property instead of home owners who will buy and stay in it. It promises assured returns more than what banks offer for your savings. The targets are not home-owners and families who would stay in it, but those who would buy and rent it out as an investment; it is sold as an opportunity to make money. This was not always like this. In past, renting a house was never a business someone was in. You just ended up with extra property by virtue of your moving due to work or other reasons, and so you rented it out to someone in need. Due to this, the prices were always reasonable. The amount was not enough to make you rich, nor did the owner see it as a money-making enterprise. It was just some extra money they received, and someone made use of what was otherwise...