Always good to mention the property management cartel that's in cahoots with rental management software companies to price-fix and jack up rates for everyone ("allegedly").
People keep trying to rationalize the status quo with complex explanations, when the dynamic is really "Army setting up a school" dead-simple (or, even more applicable, Soviets setting up apartment blocks): if you care about fulfilling the need, it gets done. The problem is that there are competing interests that profit from housing insecurity and homelessness, and the government routinely chooses them over us. Nothing will change until the choice is made to throw these entities - developers, management, investors, etc. - under the bus, instead of people who are simply looking for a safe place to live. Unfortunately, without a massive reorganization of the economy and even society, it's impossible to have both come out winners.
Investors are speculators. Fundamentally, they should not be cared about. We should be considering the lives of everyday people and labor.
Just cause some capitalist lost a few dollars doesn’t mean anything. Capitalists don’t do any labor - that’s the whole point of why they invest in things. They put money in places hoping that they’ll get more out of it without having done anything. But it’s a risk - and the government shouldn’t be backing risk taking speculators who gamble with their money. It should be backing laborers!
But it doesn’t. Government is controlled by capitalists because capitalists have the discretionary money (thanks to stealing it from laborers) to keep lobbying to keep status quo.
People keep trying to rationalize the status quo with complex explanations, when the dynamic is really "Army setting up a school" dead-simple (or, even more applicable, Soviets setting up apartment blocks): if you care about fulfilling the need, it gets done. The problem is that there are competing interests that profit from housing insecurity and homelessness, and the government routinely chooses them over us. Nothing will change until the choice is made to throw these entities - developers, management, investors, etc. - under the bus, instead of people who are simply looking for a safe place to live. Unfortunately, without a massive reorganization of the economy and even society, it's impossible to have both come out winners.