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The Impact Of Corporate Dominance On The Rental Market
The growing trend of corporate dominance in the rental housing market is causing concern among tenant advocates, local officials, and community members alike. When a single corporate entity controls a significant portion of the rental properties in a town or city, it can have far-reaching effects on housing affordability, community stability, and tenant well-being. The recent situation in San Diego, involving investment giant Blackstone Inc., serves as a stark example of these dynamics at play.
Rising Threat: Potential Rental Market Monopoly In Millbury
In Millbury, there's a looming possibility of monopolies taking hold in the apartment rental sector, quietly shaping our community's housing landscape. These monopolies, potentially controlled by a few individuals using various corporations or a select few entities, could dictate rental prices, tenant options, and living standards. This dominance may lead to inflated rents, subpar living conditions, and limited housing choices, particularly affecting low- and middle-income families. Furthermore, the emergence of monopolies could stifle innovation, drive community displacement, and hinder fair competition.