Welcome to Vultureville
This cartoon was inspired by a Wall Street Journal article about big investment firms buying up homes — sometimes entire subdivisions — to rent out or flip. Obviously rentals are necessary as many people cannot afford to buy, especially in places like NYC. But corporations hoovering up whole middle-class or working-class neighborhoods serves no public good — it’s just driving up prices and exacerbating inequality, continuing ye olde wealth transfer to the already well-heeled (and almost certainly well-housed, for that matter).
06.19.2021 | Posted in Weekly Cartoon
Tags: economic inequality, economy, housing, inequality, investment firms, renting, vulture capital
Tags: economic inequality, economy, housing, inequality, investment firms, renting, vulture capital
