2/3rds of single family housing is owner occupied. Half of the remaining are owned by 'mom and pop' landlords. So being very generous, maybe 10% of the supply

2/3rds of single family housing is owner occupied. Half of the remaining are owned by 'mom and pop' landlords. So being very generous, maybe 10% of the supply is really counting on price appreciation versus income. If demand withdrawals, supply will as well.