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Not massive hedge funds like BlackRock owning a significant portion of the market. Not to mention even Sovereign Wealth Funds!

• dukeyukey 3y ago
  BlackRock owns a tiny, _tiny_ minority of single-family homes, even with a generous intepretation of "own". Plus, taking homes out of the owner-occupier market and into the rental market ought to drive rents down and make it easier for households to save up for a housing deposit.
  • miguelazo 3y ago
    Doesn't matter how tiny you or the so-called experts think it is. They own enough to have a significant impact on prices, especially in the most overheated markets: >According to Merkley’s office, last year we saw the fastest increase in hedge fund home purchases in the last 16 years. As examples of the impact, Merkley said data shows large hedge fund investors bought 42.8 percent of homes for sale in the Atlanta metro area and 38.8 percent of homes in the Phoenix area in 2021. https://www.kiro7.com/news/trending/new-senate-bill-aims-stop-hedge-funds-squeezing-out-families-trying-buy-home/DTX66WI2LFG35LASZPCXVGKNRM/ https://www.kiro7.com/news/trending/new-senate-bill-aims-sto...
    • matchbok 3y ago
      That data is meaningless without context. Atlanta is also building way more homes than most areas.
      • miguelazo 3y ago
        By all means, provide some context that proves that isn't a significant share of the market.