Homeownership is one of the main ways that Americans transfer wealth, as it's usually the only asset that adults nowadays have that can be transferred outside o

Homeownership is one of the main ways that Americans transfer wealth, as it's usually the only asset that adults nowadays have that can be transferred outside of whatever's in their bank accounts. When homeownership becomes restricted due to PE firms and Investment firms buying up entire communities to turn into rentals, the wealth transfer is hampered. Well-off adults are still having to rent and are now directly competing with younger Americans who are still growing in their careers and pay scale. This puts older Americans in a tough spot of not being able to generate wealth or equity that can be transferred to their children. And this puts their children and younger Americans in a spot where they cannot afford to live where they work, and cannot afford to save enough to begin the journey to homeownership. And the promise of a wealth windfall when their parents pass is becoming less and less common.