Disregarding the hyperbolic left wing vitriol in this article (both right and left wing hyperbole do nothing but damage our society), the situation described here is a huge emerging problem. It started with private equity firms buying up large swaths of existing homes to rent to people. As JP Morgan knows, because they did the research, 40%+ of the workforce in the US earned at or near minimum wage pre-pandemic. That one data point demonstrates destruction of the middle class, which is absolutely necessary for a functioning democracy. So it seems that JP Morgan has decided to use that insight to create a permanent underclass of indentured renters, rather than investing in enterprises that promote economic upward mobility. OK, that sounds like hyperbole too, but it doesn’t mean it’s incorrect.