https://slate.com/business/2021/06/blac ... state.htmlIt’s not exactly accurate that investors are “buying every single-family house they can find,” as some have suggested. If that were true, their market share in the United States wouldn’t be a piddling 15 percent. They’re really buying up the stock of relatively inexpensive single-family homes built since the 1970s in growing metro areas. They mostly ignore bigger and more expensive houses, especially ones that are move-in ready: Wealthy boomers and the nation’s finance and tech bros nab those properties. And they’re also ignoring cities with stable or shrinking populations, like Providence and Pittsburgh.
A few IDW and TradCon sites I've been following are on a tear against BlackRock Inc. and an investment strategy that will just about end the starter home market and any hope that young working and middle class families will ever leave the rental market. Others see a problem but singling out a scapegoat isn't the answer:
https://www.vox.com/22524829/wall-stree ... ock-bubbleHousing prices have yanked the dream of homeownership out of the desperate, clutching hands of millions. Countless tenants don’t even have that dream, chafing under the increasing rent burdens they are forced to bear. And to top it all off, the rich just keep getting richer: The stock market is booming, homeowners have accumulated more than $1.5 trillion in equity since the Covid-19 recession began, and personal savings are up for most higher-income households.