Probably because they don’t have the capital necessary to become a landlord in the first place. If you have enough money, being a landlord requires literally no work at all.
Not much of a “punishment” to the business to have socialized losses. Oh you’ve mismanaged your ginormous business and it’s going to cause a huge, negative ripple effect on the economy and impact everyone else? Here’s some free money, courtesy of working class taxpayers! Also we’re going to break you up and place no restrictions on how big you can get so that one of your smaller entities can inevitably get enough market share to be in a position to do the same thing a decade later! Huh? Punishment? Oh… Uh… Don’t do that again please, Mr. Business, sir 🥺
You could always sell it at a low enough price to break even and just refuse to sell it to anyone besides someone who plans on actually living in it. You’re allowed to do that. Real estate agent might look at you like you’re crazy, but fuck em. It’s your house right now.
The system is broken (lemmy.zip)
Government money (lemmy.zip)
Rent is Robbery (lemmy.ml)