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Big-Money Institutions Could Control a Stunning 40% of US Rental Homes by 2030 Analysts Say — Here's Why That's a Problem (moneywise.com)

submitted 1 year ago by shreddy_scientist@lemmy.ml to c/usa@lemmy.ml

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While most Americans are anxiously watching the housing market show signs of cooling after running red-hot for years, one group may be cheering for a crash.

After the 2008 financial crisis, corporations and institutional investors looked to ramp up their purchases of residential real estate, including single-family rentals (SFRs).

Now analysts worry history may repeat itself. According to a 2022 report from MetLife Investment Management, 4-in-10 single-family rental homes could be owned and controlled by Wall Street within just seven years.

This could pose a problem not just for ordinary renters, but also for the rest of the economy. Here’s a closer look.

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[–] aew360@lemm.ee 8 points 1 year ago (1 children)

I don’t need any more reasoning to know that’s a big fucking problem.

[–] kherge@beehaw.org 5 points 1 year ago

We need to know our enemy if we are to defend ourselves.

[–] kool_newt@lemm.ee 8 points 1 year ago

In any context, remember, the ones willing to put on a uniform, carry a badge, and kill on order, for pay are just as bad as the psychopaths giving the orders.

Same for the media, the ones willing to put on professional clothing and give voice to the propaganda of the psychopaths for pay are just as bad as the psychopaths giving the orders.

[–] frauddogg@lemmygrad.ml 5 points 1 year ago

The people who own these big-money institutions have addresses.