Then pray tell, how is private equity purchasing homes benefiting everyone else?
Only if these corporations are actually required by regulation to make these houses available for rent, and at market-adequate rates. If a company is as cashed up as this one is likely to be, they’ll only rent to people who are willing to pay higher rents, and if there’s nobody who wants to rent a specific property, they’d rather leave it sitting vacant than lower the rent.
This isn’t hypothetical, it’s happening in practically every property market where wealthy investors are buying up housing stock.
Please humble yourself and acknowledge that maybe you’re not an expert on the subject after reading “the basics of…” book about it. Just a thought.
Keep in mind that there are people who have dedicated their careers/lives to studying this stuff. Don’t disregard rebuttals just because your “basics of economics” or whatever book didn’t get there yet.
The real world just doesn’t work that way. But maybe if you went beyond Econ 100 level shit (or honestly, not even), you would have learned that.
Have you considered looking outside every now and then? What’s your answer to the discrepancy between any previous generation and modern day? https://www.investopedia.com/millennial-homeownership-still-lagging-behind-previous-generations-7510642 https://www.nar.realtor/blogs/economists-outlook/millennials-still-underperforming-amid-gains-in-homeownership-rate https://www.supermoney.com/inflation-adjusted-home-prices/
