That's capitalist propaganda. For example, in 2021 investors bought 28% of houses sold in Texas [1]. I say "propaganda" because that's the idea: that market fo

That's capitalist propaganda. For example, in 2021 investors bought 28% of houses sold in Texas [1]. I say "propaganda" because that's the idea: that market forces will solve the problem. But in reality it's easy to get to a state where a single or small number of market participants effectively corner the market or become so politically powerful that any government works at their behest. This includes blocking new construction to protect and appreciate the value of existing holdings. Just look at how much in the last 6-12 months you've seen stories that go "20 offers on this house and it went $200k over ask all cash". The effect of all this is that it's driving rents through the roof, that is adversely affecting the most vulnerable. [1]: https://localprofile.com/2022/06/07/investors-bought-texas-homes-in-2021/ https://localprofile.com/2022/06/07/investors-bought-texas-h...