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In 2030 you will own nothing and be happy. Klaus Schwab

Many American suburbs, once an emblem of the dream of homeownership, are increasingly a place where people send a check to the landlord.

Renters now make up the majority of residents in more than 100 suburbs around the U.S., according to a new analysis of Census Bureau data from Rent Cafe. Another 57 suburbs are on their way to becoming predominately renter territory over the next five years, the apartment search website also found.

The trend is visible across the country. Beverly Hills, the ritzy area outside of Los Angeles, California, that's home to many Hollywood celebrities, flipped from majority owners to mostly renters over the past decade. Suburbs around Miami, Florida, and Washington, D.C., have followed a similar course.

>In 2030 you will own nothing and be happy. Klaus Schwab Many American suburbs, once an emblem of the dream of homeownership, are increasingly a place where people send a check to the landlord. Renters now make up the majority of residents in more than 100 suburbs around the U.S., according to a new analysis of Census Bureau data from Rent Cafe. Another 57 suburbs are on their way to becoming predominately renter territory over the next five years, the apartment search website also found. The trend is visible across the country. Beverly Hills, the ritzy area outside of Los Angeles, California, that's home to many Hollywood celebrities, flipped from majority owners to mostly renters over the past decade. Suburbs around Miami, Florida, and Washington, D.C., have followed a similar course.

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[–] • 2 pts

Time to start mapping these Blackrock properties and moving people into them. It’s not an easy fix, but the only way to make this not worth it is to make the property unrentable.

[–] • 1 pt

Time to start mapping these Blackrock properties and moving people into them.

You, I like you.

Fuck usurers and fuck vulture ((capitalism)) which is really just corporate socialism.

[–] • 0 pt

I like your thinking. The Hasidics in NY when trying to take over a town will buy property for more than it's value and rent it to illegals and such to bring the neighboring properties down. The rest of the real estate sells cheaply as people want to get out.