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0 pointsmattmaroon2mo ago0 comments

While that’s true, even if “Wall Street” is only holding a few percent of homes, those being released to the markets (and future ones not being purchased) might help.

Corporate entity creation in America is such that I don’t think this will be enforceable (“we don’t buy homes, our Gibraltar office’s subsidiary invested in its CEO’s LLC that bought the home”) but if I’m wrong, it could help somewhat.

It’s binary thinking to assume that just because it isn’t a one step solution it won’t make a meaningful impact. But still, I think it won’t yet hope I’m wrong.

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lbarrow2mo ago

Why do you think they aren't on the market right now? These companies buy them so that they can rent them. They are on the rental market!

limagnolia2mo ago

Not really, because the problem isn't investors buying homes, its a lack of supply of new homes. Big investors don't buy homes to keep them empty, they buy them to rent them out. An exception to this might be short term rentals but that is going to be significant in only a few markets and the problem there is still fundamentally a supply problem.

mattmaroonOP2mo ago

But even by long term renting they’re driving up home prices.

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