I feel like this is one of the finer points to convince people of, and doesn't have as many resources to explain it to someone who's been indoctrinated in Capitalism their whole life.
I feel like this is one of the finer points to convince people of, and doesn't have as many resources to explain it to someone who's been indoctrinated in Capitalism their whole life.
Here's a rough ELI5- town has 10 homes, 10 people want to live in town, 2 people buy 1 home each, 1 person has the money and buys up 8 homes, lives in one, rents the other 7.
7 people now have no homes and all the benefits that come with ownership and are at the mercy of the 1 for fair prices and good living conditions.
One of the people that bought their own place moves away, house for sale, now 7 people who are renting want to buy it, house value goes up because of demand, maybe even the landlord wants it too. Demand drives up value for all homes which in turn encourages landlord to raise rent on the homes they own.
It's a big ol cycle of artificially driving a price up, and landlords benefit from it while renters/people trying to buy a house are pushed out. Current home owners don't speak out cause they benefit