Disagree. As the video said "many homes are old and immobile", so pricing "out" is misleading. Second, when you have a local monopoly like this, there is rare

Disagree. As the video said "many homes are old and immobile", so pricing "out" is misleading. Second, when you have a local monopoly like this, there is rarely any risk, which might be the main reason why the new invester bought the place. Third, those who build homes for rent are the ones who profit from high rents. Thats why you have large investors buying up property and increasing the rent everywhere (maybe even to pay the loan for that purchase) because its easier to build. You can see this all over large cities in the west. Saying that the price went up because of short supply is like saying martin skrelli absurdly increased insulin prices because people need it so badly.