> At first blush, the fact that these investors still own such a small fraction of the overall stock of single-family homes would suggest their impact is still

> At first blush, the fact that these investors still own such a small fraction of the overall stock of single-family homes would suggest their impact is still pretty minor. This doesn't matter all that much because houses that people bought and are living in are inert, off the market. They might as well not exist (and people who own them). What matters is how many houses investors are buying right now and it's significant part of all purchases.