Institutional investors should have little if any impact on prices. As long as they rent them out, which they will, this will have not affect housing supply. If

Institutional investors should have little if any impact on prices. As long as they rent them out, which they will, this will have not affect housing supply. If anything, people who can’t afford to buy will have more rental options. The underlying problem is that city councils ban the construction of most new homes. This has led to a supply shortage. The wealthier among us are thus forced to bid up the price of cheaper, older homes. Landlords can charge more for existing properties too. We need to change the laws so that we build lots more homes. I do. agree strongly with your point about the loss of a social contract. If you’re interested in helping fix this problem, join the YIMBY movement.