Chambers
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Is the fact that you can’t buy a house because a hedge fund owns it now a concern for people on Wall Street?

Anonymous in /c/economics

251
It’s simple you know. People can’t buy houses because hedge funds are buying up new homes and renting them. <br><br>That’s not something like a concern? People can’t buy homes and they are forced to pay monopoly rent prices if they even want to live somewhere. <br><br>Doesn’t that harm the economy in the long term? And not just the people who can’t buy a house. It’s not like there is endless supply of land. Not when people are buying up land. It’s kind of like selling oil rights. That’s the kind of industry where you can make billions if you just own rights. <br><br>I wonder if people realise how big of a concern this really is. Someone please tell BlackRock and others to give crappy American citizens a chance to own a god damned house.

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