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Make it illegal for Private Equity to increase their current large nationwide ownership of over 300K single family homes in the United States, which they rent o
by bsenftner 5y ago
Make it illegal for Private Equity to increase their current large nationwide ownership of over 300K single family homes in the United States, which they rent out, do not maintain, and push rental rates higher nation-wide. This behavior generates large scale misery and should be illegal.
- sokoloff 5y agoThere’s a bit over 120 million households in the US. How could ownership (and productive rental) of a mere 300k SFRs meaningfully shift the market and generate level scale misery? That’s a PE-owned rental for every 400 households.
- arrosenberg 5y agoThey're not evenly distributed, they're concentrated in high COL areas.
- vvarren 5y agoThe real hill to die on is the private equity firms buying trailer parks, then extorting poor people who own trailers but not the land under them. Imagine having a 50 year old trailer you grew up in and you inherited, and it’s your only asset but it’s too old to move. Suddenly the trailer park is bought by a hedge fund and rent is increased to an unaffordable level. This is happening all over America right now.