A Boring Dystopia

9651 readers

506 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

--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 1 year ago

MODERATORS

[email protected]

192

$1 million starter home? It's the norm in 237 cities, according to Zillow (abc7.com)

submitted 2 months ago by [email protected] to c/[email protected]

39 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 20 points 2 months ago (2 children)

Billionaires and rent-seeking companies. There are at least three national companies I can think of who are hoarding single-family homes in major cities and renting them out.

Generally they purchase at scale via REO scenarios, and provide no value whatsoever while driving up prices drastically

One example is a company called “Progress,” no better or worse than the others but with a meaningful web presence if you’re curious.

[–] [email protected] 4 points 2 months ago

Also Black Rock.

[–] [email protected] 4 points 2 months ago

Maybe we should progress on Progress.