They're not constrained by income as an ordinary purchaser would be. So they're not at all like an ordinary buyer. Further, if private equity buys to rent at sc

They're not constrained by income as an ordinary purchaser would be. So they're not at all like an ordinary buyer. Further, if private equity buys to rent at scale they can fundamentally alter the availability and pricing of housing in a market. These firms effectively collude to raise home prices. Investors and Housing Affordability FEDERAL RESERVE BANK OF ST. LOUIS (2020) https://s3.amazonaws.com/real.stlouisfed.org/wp/2020/2020-047.pdf https://s3.amazonaws.com/real.stlouisfed.org/wp/2020/2020-04... Relationship between rents in NYC and ownership concentration https://www.cesifo.org/DocDL/cesifo1_wp8864.pdf https://www.cesifo.org/DocDL/cesifo1_wp8864.pdf Consolidation of rental market bt private investment firms https://journals.sagepub.com/doi/10.1177/0308518X221135612 https://journals.sagepub.com/doi/10.1177/0308518X221135612 The Impact of Institutional Investors on Homeownership and Neighborhood Access https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4554831 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4554831 Algorithmic collusion in the housing market https://apnews.com/article/algorithm-corporate-rent-housing-crisis-lawsuit-0849c1cb50d8a65d36dab5c84088ff53 https://apnews.com/article/algorithm-corporate-rent-housing-...