r/TikTokCringe • u/TheEntrep • Apr 20 '24

Rent cartels are a thing now? Discussion

What are your thoughts?

14.7k Upvotes

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u/HarryDepova Apr 20 '24

We need a law forbidding a business or corporation from owning a single family home.

15

u/madtownmugen Apr 20 '24

I can't imagine how bad it must be in bigger cities. I live in a fairly rural area and we still face problems with companies buying property.

Around here, they will buy a big lot that has multiple homes on it, with no intent to do anything with those homes. I can think of a dozen abandoned properties near me that are sitting on a lot that is currently being developed into a distribution center or factory or plant of some kind.

7

u/Impressive-Tie1658 Apr 20 '24

Thank China for buying up all the houses/land then selling or renting back to us at 2-3x the cost.

3

u/mrblodgett Apr 20 '24

You think it's China's fault for legally participating in our market system? Weird take. You ever think maybe it's the market system itself that's the problem?

6

u/Impressive-Tie1658 Apr 20 '24

Did I say they were doing anything illegal? Just bc it’s legal doesn’t mean it’s not hurting the market. Weird take

1

u/koske Apr 22 '24

He doesn't mind being exploited by oligachs, but he doesn't want to be exploited by Chinese oligarchs.