• @scutiger@lemmy.world
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      116 hours ago

      It’s a pretty simple A>B consequence. If the house is being bought to make a profit on rent, then raising the cost of the house means increasing the cost of the rent. The buyer will have calculated how much rent to charge to make a profit in a given timeframe. None of these businesses is going to buy a house for more money and purposely choose to reduce their profit.