Just half of one percent of the single family homes in the US. And just one-third of one percent of all US occupied dwelling units.
This conspiracy theory dies hard. And this is one of the dumbest posts here in a long time.
The problem is that the corporate owners focus on specific markets and have helped to cause scarcity in those markets.
House prices are determined at the margin. Corporate owners could own 1% of the homes in a market but be 20% of the buyers which drives up prices substantially.
In addition these corporate buyers are “cash buyers” which means they do not have to convince a mortgage lender that the value of the proposed purchase is reasonable and not inflated.
Try reading the article.
>> >> more than 430,000 single-family rental homes
>> Just half of one percent of the single family homes in the US
And 1% five years from now. 2% ten years from now...
We all know how incremental infestation works. Eviscerate that seemingly benign 0.5% tout de suite!