I saw one reason why affordable housing is such an issue. It's from a pump-and-dump scheme. If you saw the movie The Wolf of Wall Street, you know what pump and dump is. If not, it occurs when a broker buys a large quantity of a penny stock. Then, they encourage others to buy because of some future event that will increase the value tenfold. Once it hits a level, the broker sells off their share. That is what is going on in the Housing/Renter market. Companies like BlackRock are buying up groups of houses for around $300,000. Then they sell it to themselves for a value of $700,000 a piece. This causes the values of houses to artificially increase. At this point, they can sell them at a gain or rent them out. Since the values of the houses are so high, they can set the rent values even higher. Unfortunately, this is all legal. These companies own the politicians. As long as a politician is paid, they will not bite the hand that feeds them. Those in America do have the right to vote. Just remember what the rich are doing to you. It's not the poor and immigrants. They want you to believe it is.
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