Jack Albrecht
1 min readSep 22, 2024

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Unfortunately you (and people like you) are THE core reason why young people can't buy affordable housing.

Like with reducing carbon, you put the blame on individuals who contribute a tiny fraction to the problem rather than the multiple elephants in the room: financial giants like Blackrock that buy up whole friggin' blocks of homes - enough to rig the entire market in their favor.

I'm a single individual who got a good paying job, saved my money and am looking for a place to invest. That used to be the stock market, but that is now dominated by financial giants enough to rig the entire market in their favor.

I also live in Austria, where my biggest competitor for rental property is the city of Vienna. So I'm making only enough to pay my mortgage and maintenance. In the early years sometimes not even that. That is (as I've written multiple times) how it should be.

Your attempted guilt trip won't work on me. Even if I lived in the US, a person owning 2-10 rental units personally is not the same as a big corporation.

Also in the US there are currently multiple scandals and soon to be (already are?) lawsuits where major rental firms are using software for price fixing. That isn't what some person like me is doing.

TL;DR: You don't know what the fuck you're talking about. Look at the big players not the little guys.

https://learn.roofstock.com/blog/rental-property-owner-statistics

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Jack Albrecht
Jack Albrecht

Written by Jack Albrecht

US expatriate living in the EU; seeing the world from both sides of the Atlantic.

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