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Corporate greed continuing to kill the American Dream one scheme at a time…
This goes beyond corporate greed. These companies or groups don’t want people to have a way to build wealth. It’s very sad, really.
Corporations have little to no impact on the exorbitant inflation we’ve experienced the last 2 years. Such inflation typically only takes place when huge amount of liquidity enters the market without a corresponding rise in productivity. If corporations were churning out economic activity but no productivity to back it up, they’d go out of business. IOW, only one entity can generate so much non-productive economic activity and face no short-term consequences: the government.
Meanwhile, home prices have surged even though birth rates and new household formations are at all-time lows. The construction industry can’t seem to stay caught up. It’s almost like this demand for housing is coming from somewhere else…?
I love how the places for seniors are 2300 a month like a senior can afford that. There is a new senior complex opening at grand park and all the pricing is tbd. I can just imagine how much they are going to charge seniors to live in “luxury”
the Great Reset in play stating: “you will own nothing and you will be happy”. this is how it continues to unfold…
+1
This is a disaster in the making. As others have said, it removes any chance for average people to build wealth, and these rents are anything but affordable. This model is ripe for abuse as the world is full of bad landlords who care only about making money and not the quality of life of their tenants. Moreover, when the developer goes bankrupt, which is a common occurrence in this industry, the community will fall into disrepair and the renters will be stuck.
Density. We lack density. Single-family is all we ever get, we don’t need more rental houses. We need 5-over-1 and housing density.
We’re so deep in a shortage and we keep building for one family at a time, as if that’s not how we got into this mess.
+1
I am wondering about if the property management will be able to assess the renters for maintenance costs of common areas , road repairs and any other expenses like time share schemes do.