my wife and I are looking for an apartment and were just turned down because we have a one year old. Fuck kids, I guess. (not in the US - apparently discrimination is legal here).
my wife and I are looking for an apartment and were just turned down because we have a one year old. Fuck kids, I guess. (not in the US - apparently discrimination is legal here).
Understand that housing in America isn't for Americans to live in. It is largely an investment opportunity for foreigners. If they keep their money in their own countries it'll either be taxed out of existence or lose its value as the government ruins the currency. But if they park that money in America, they get to keep it.
But they should rent it, you say? They're losing money by keeping it empty, you say? It's a way to safely park money. They don't really care if they collect rent or not. Honestly many would rather not as it's a lot of trouble. They don't want to be called when the upstairs toilet is leaking, or have the bother of hiring a management company. So, they buy unit after unit, and suddenly there's no place to live.
Any financialbro will tell you that a house is the only investment you can live in. That's why they're many people's first investment, or only investment.
I've heard of some apartments bringing in more in application fees than they'd bring in a month by being rented, so they may not even be losing money keeping it empty. The most rational economic system btw :)
Oh yes, fully aware. This was our argument during the city meeting. Of course, the developer had a big chunk of time to discuss their plans, and we only had the open floor time (which was very short) to discuss our side about how, you know, housing should be a service the city plans for people to live in.
But of course capitalism won out in the end, as it always does. No small wonder that our local government representative at that meeting was primarily funded by the developer who bought that school building for pennies on the dollar.