3 ms·
Because conceding the one data point that you present but doubling down on the conclusion screams confirmation bias. There have been numerous articles debunking
by tqi 2y ago
Because conceding the one data point that you present but doubling down on the conclusion screams confirmation bias. There have been numerous articles debunking this narrative. If you google "how many homes in america are owned by corporations" you get a slew of them[1][2]. There is no data to support this claim because it is not true. According to Freddie Mac[3] Institutional Buyers peaked something like 2.5% market share last year. And that is just of houses sold.
In order to fall for a claim as outlandish as "2 out of 5 houses are owned by private equity" you'd either need to be incredibly bad at numbers or looking for confirmation of an existing belief.
[1] https://www.strongtowns.org/journal/2024/2/21-going-after-corporate-homebuyers-good-politics-ineffective-policy https://www.strongtowns.org/journal/2024/2/21-going-after-co...
[2] https://www.theatlantic.com/ideas/archive/2023/01/housing-crisis-hedge-funds-private-equity-scapegoat/672839/ https://www.theatlantic.com/ideas/archive/2023/01/housing-cr...
[3] https://www.housingwire.com/articles/no-wall-street-investors-havent-bought-44-of-homes-this-year/ https://www.housingwire.com/articles/no-wall-street-investor...