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Big-Money Institutions Could Control a Stunning 40% of US Rental Homes by 2030 Analysts Say — Here's Why That's a Problem (moneywise.com)

submitted 1 year ago by shreddy_scientist@lemmy.ml to c/usa@lemmy.ml

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While most Americans are anxiously watching the housing market show signs of cooling after running red-hot for years, one group may be cheering for a crash.

After the 2008 financial crisis, corporations and institutional investors looked to ramp up their purchases of residential real estate, including single-family rentals (SFRs).

Now analysts worry history may repeat itself. According to a 2022 report from MetLife Investment Management, 4-in-10 single-family rental homes could be owned and controlled by Wall Street within just seven years.

This could pose a problem not just for ordinary renters, but also for the rest of the economy. Here’s a closer look.

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[–] aew360@lemm.ee 8 points 1 year ago (1 children)

I don’t need any more reasoning to know that’s a big fucking problem.

[–] kherge@beehaw.org 5 points 1 year ago

We need to know our enemy if we are to defend ourselves.