Probably the same reason megacorporatins are turning in record profit, year over year, and a very few people have increased their income by several billions of dollars, but that’s just a guess. 💁
Don’t forget about the corporations that are buying as many houses a quick as possible (faster than a person who will have a mortgage can) and at a higher price than what a person can/will pay becaue they are using them as investments.
Actually the report that came out recently (the one that found institutional real estate investors buying something like 27% of all available homes) made an important note: most of the companies buying these homes are so-called “mom n pop” landlords who own < 5 houses
So it’s actually corporations AND fucking boomers.
That is an irrelevant statistic. If one big company buys 1000 homes and four small companies each buy 3 then 80% of the companies are small landlords while 98.8% of the homes are owned by a big company.
Probably the same reason megacorporatins are turning in record profit, year over year, and a very few people have increased their income by several billions of dollars, but that’s just a guess. 💁
Don’t forget about the corporations that are buying as many houses a quick as possible (faster than a person who will have a mortgage can) and at a higher price than what a person can/will pay becaue they are using them as investments.
Absolutely!
Actually the report that came out recently (the one that found institutional real estate investors buying something like 27% of all available homes) made an important note: most of the companies buying these homes are so-called “mom n pop” landlords who own < 5 houses
So it’s actually corporations AND fucking boomers.
That is an irrelevant statistic. If one big company buys 1000 homes and four small companies each buy 3 then 80% of the companies are small landlords while 98.8% of the homes are owned by a big company.