this post was submitted on 08 Mar 2025
1981 points (97.2% liked)
A Boring Dystopia
10826 readers
1853 users here now
Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.
Rules (Subject to Change)
--Be a Decent Human Being
--Posting news articles: include the source name and exact title from article in your post title
--If a picture is just a screenshot of an article, link the article
--If a video's content isn't clear from title, write a short summary so people know what it's about.
--Posts must have something to do with the topic
--Zero tolerance for Racism/Sexism/Ableism/etc.
--No NSFW content
--Abide by the rules of lemmy.world
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
You can think of a landlord, whether it’s a giant corporation or a family that owns two homes and rents one out, as an investor. They choose to keep their money in a property which they rent to someone else for a profit. But they do this rather than selling the property and investing in a restaurant, a local shop, the stock market, or just blowing the it.
The difference is that housing is a finite, in fact scarce, requirement for life. You could also say that Nestle buying up all the water supplies is simply where they're choosing to invest. Sure, but it's still wrong.
It's an abuse of capitalism to create captive markets for basic necessities where people have no real choice but to purchase your goods. Adam Smith knew this.
Now you could say, "just move", but the fact is that there is not sufficient affordable housing available in this country to meet demand. And a good portion of that is held by investors.