Rent monopoly crackdown continues as FBI raids corporate landlord for 18 Arizona properties
As the news of the FBI raid on a corporate landlord for 18 Arizona properties continues to make headlines, I am left with mixed feelings of relief and skepticism. It’s a step in the right direction, a crack in the system of rent monopolies that have plagued the housing market for far too long. The fact that the Biden administration is taking a stand against anti-competitive business practices that drive up the cost of living for middle-class families is commendable. But the question remains, what happens next?
The term “rent monopoly” is not to be taken lightly. It creates artificial scarcity, manipulating the demand for housing, and inflating prices beyond reasonable levels.… Continue reading
John Q. Hosedrinker