Wall Street’s landlord business is turning every rental into a slum

And they’re using public money to do it.

Shelter is a human right and a necessity for human thriving. The choice to turn speculation on our homes into a path to social mobility inevitably led to the crash of 2008 and 3.7 million US foreclosures.

https://gen.medium.com/the-rents-too-damned-high-520f958d5ec5

In the Great Financial Crisis, the Obama administration chose to bail out banks, rather than borrowers, giving them the capital they needed to start buying those foreclosed homes in bulk. This was only accelerated by the Trump covid bailot, which sent trillions into the finance industry.

https://pluralistic.net/2022/01/27/extraordinary-popular-delusions/#wall-street-slumlords

Wall Street landlords are the worst landlords. For years, the press has been documenting the Wall Street landlord playbook: deep cuts to maintenance that leave homes all but uninhabitable; scorching rent-hikes; and mass evictions any time a tenant balks at either measure.

https://memex.craphound.com/2018/07/30/wall-street-landlords-are-slumlords/

Wall Street landlords are extracting never-seen levels of profit from their “investments” in our homes; some of that money is being…