Here’s the problem:
Wall Street has purchased hundreds of thousands of single-family homes since the Great Recession. Here’s what that means for rental prices
https://www.cnbc.com/2023/02/21/how-wall-street-bought-single-family-homes-and-put-them-up-for-rent.html
They need to park money in such assets because the dollar continues to be inflated with no end in sight.
It also helps that they can borrow against those homes, unlike other assets.