We’ve known this economic fact for over 300 years: Printed, fiat, centrally-controlled and manipulated money ALWAYS benefits money-issuers, government and the rich, at the expense the rest of society.
It ends in vast wealth-inequality, inflation, and massively bloated/corrupt government.
The USA will not avoid the fate of Rome, France’s Ancien Régime, Ming China, etc. etc.
There is some truth to the article. Higher end properties have been replacing older dilapidated “low income “ housing. The bigger issue the corporatization of rental ownership. I owned properties, 5 in total. I could offer below market rent for above market quality to low income folks because I was working full time and didn’t need the money. Renters paid my taxes, any loan I might have and my repairs while my net worth grew. My competition was others doing the same thing. Now, the competition is huge corporations with plenty of money. They have Walmarted the market.
The other part of the equation is the rent moritoriums put in place due to covid. Owners got F’d. Now it is payback time.
I am glad I got out of rentals prior to covid. I don’t need the headaches and don’t need the money.