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This is another huge myth in the US housing market, that big companies own lots of the housing and are jacking the prices up. It's simply not true. Large corpor
by keeganjw 1y ago
This is another huge myth in the US housing market, that big companies own lots of the housing and are jacking the prices up. It's simply not true. Large corporations own a tiny fraction of the market while the vast majority is owned by individuals and small landlords.
- pphysch 1y agoThere's a lot of synergy and overlap between small landlords, property management companies, rent-fixing companies, and Wall St. It doesn't matter to the renter that their slum is owned by a tiny LLC that is nevertheless part of the broader constellation of anti-social rent-seeking behavior that is bringing down this republic.
- ruined 1y agoinvestor market share of homes is down from its peak of 20% a few years ago, but i wouldn’t call it a “tiny fraction” https://www.redfin.com/news/investor-home-purchases-stabilize-q3-2024/ https://www.redfin.com/news/investor-home-purchases-stabiliz...
- pantalaimon 1y agoThat is not limited to the US, in Berlin there was a popular vote to expropriate housing companies with more than 3000 units. Yet those large housing companies charge on average between 7-8 €/m² and are nowhere near to holding a majority of the housing share.
- SilverElfin 1y agoIs it different in different places though? Like some places have more of this ownership problem and so it looks worse locally?