the majority of landlords aren’t corporations. 8.9 perecent of all resdential housing stock is own by corporate entities.
91.1 percent is owned by individual landlords.
the people i’ve known who rent corporately owned properties are typically well-off. all the corporate owning-housing in my area is largely over market rate and mostly rented out by rich people who can easily afford it.
That’s such a irrelevant/misleading statistic. People aren’t griping the incorporation vs soul proprietorship of landlords. More than half of those individual landlords own multiple rental properties. Thousands of them own enough rental properties (4+ in Canada) to require a property management license, that many do not possess.
Individual landlords are the ones buying up detached homes, hoarding them as extortionate rentals until selling them as land assemblies so that corporations can build overpriced breadboxes.
If you live somewhere without strong tenancy laws than corporations basically get a free pass on colluding to drive up local rental pricing. End of the day they own the apartments around universities and hospitals where demand will meet any price.
Normal people don’t have enough money to buy 15 houses in a really well off area bro. Those people are millionaires and they’re not the kind of “normal people” I am speaking about, because guess what, they’re neither “normal” or not even comparable to the average citizen
the majority of landlords aren’t corporations. 8.9 perecent of all resdential housing stock is own by corporate entities.
91.1 percent is owned by individual landlords.
the people i’ve known who rent corporately owned properties are typically well-off. all the corporate owning-housing in my area is largely over market rate and mostly rented out by rich people who can easily afford it.
That’s such a irrelevant/misleading statistic. People aren’t griping the incorporation vs soul proprietorship of landlords. More than half of those individual landlords own multiple rental properties. Thousands of them own enough rental properties (4+ in Canada) to require a property management license, that many do not possess.
Individual landlords are the ones buying up detached homes, hoarding them as extortionate rentals until selling them as land assemblies so that corporations can build overpriced breadboxes.
If you live somewhere without strong tenancy laws than corporations basically get a free pass on colluding to drive up local rental pricing. End of the day they own the apartments around universities and hospitals where demand will meet any price.
Normal people don’t have enough money to buy 15 houses in a really well off area bro. Those people are millionaires and they’re not the kind of “normal people” I am speaking about, because guess what, they’re neither “normal” or not even comparable to the average citizen