12 votes

When private equity becomes your landlord

2 comments

  1. [2]
    FlippantGod
    Link
    @wcerfgba You might be interested in this article; housing shortages and increasing rents are topical to our last conversation. Personally, I advocate for more renters to start housing...

    @wcerfgba

    You might be interested in this article; housing shortages and increasing rents are topical to our last conversation.

    Personally, I advocate for more renters to start housing cooperatives, which have some success in New York. Unfortunately traditional financing can be unavailable or difficult to obtain for coops. There can be other drawbacks as well.

    4 votes
    1. wcerfgba
      Link Parent
      Hey thanks for tagging me! :D Yeah I think housing co-ops are great, I have some friends from long ago who live in one. :) The article is a depressing read, even more so when you consider how many...

      Hey thanks for tagging me! :D

      Yeah I think housing co-ops are great, I have some friends from long ago who live in one. :)

      The article is a depressing read, even more so when you consider how many other people are going through this kind of shit. :/ It's not that surprising either.

      Housing seems like an area ripe for good simulation modelling in economics due to the large amount of readily available data, which would allow researchers to compare the resilience of co-ops, public/state ownership, different regulations for private equity ownership, etc. but I haven't really looked for any of that literature in a while, it's not what I'm focusing on at the moment.

      4 votes