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If someone claims private equity owns 25% of homes, and the figure is actually closer to 1%, then yes, the broad point is now wrong. Completely wrong. Catastrop

• specialist 2y ago
  Private equity shouldn't own any amount. Does it matter if the current amount is 10% or 25% or whatever? According to you, we must first agree on the precise size of the problem, before we even consider mitigation. Good grief.
  • dukeyukey 2y ago
    Why shouldn't private equity invest or build in rental property? We're quite happy for rental companies and small investors to own them.
    • specialist 2y ago
      Them owning apartment buildings remains fine. They're now buying up residential single family homes. IIRC, 10% of homes in hot markets are being bought with cash, no questions asked (wave inspections etc). These private equity funds then rent those homes, with no intention of ever selling. Meaning families are competing with funds for the already limited stock. Meaning rentals are now becoming a fixture in neighborhoods.
    • sgarland 2y ago
      > We're quite happy for rental companies and small investors to own them. I’m not, actually. Housing is a human right. If profit weren’t a motive, price would necessarily drop. For those who still can’t afford it (or who choose not to – a valid personal decision), local government should own and maintain rentals at cost. Have the board be made up of and accountable to citizens.