MB has argued repeatedly that the ‘build-to-rent’ (BTR) model is a fake rental affordability solution since it will add a cabal of profit-dependent corporations to the housing “market”, which will inevitably increase their already monstrous lobbying and pricing power.
We have gotten a taste of what corporatisation of Australia’s rental market looks like, with institutions buying up student accommodation over the pandemic only to then jack up rents:
Student accommodation remains some of the most highly priced accommodation in major capital cities, far exceeding median unit rents for significantly smaller offerings…
