Just a nerd who migrated from kbin(dot)social.

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Joined 1 year ago
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Cake day: November 17th, 2024

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  • This is just late-stage capitalism and the centralization of capital. Areas become uninsurable for “homeowners”, so large companies buy the land and “develop” it, using their influence to get bulk insurance. Then when the middle class have fled or been flattened into the working class, they’re only going to be able to rent a much smaller place than before, which is more efficient for the real estate company.

    Oh, and it’s likely that the only reason for the development is because the equity firm involved has other companies they want local staff for.