• Aleric@lemmy.world
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    11 months ago

    Then pray tell, how is private equity purchasing homes benefiting everyone else?

    • fosforus@sopuli.xyz
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      11 months ago

      It increases the overall supply, brings more resources and stability to the housing market. Corporations that specialize in house rental have a opportunity to view market data. All this combined benefits everybody.

      • rainynight65@feddit.de
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        11 months ago

        Only if these corporations are actually required by regulation to make these houses available for rent, and at market-adequate rates. If a company is as cashed up as this one is likely to be, they’ll only rent to people who are willing to pay higher rents, and if there’s nobody who wants to rent a specific property, they’d rather leave it sitting vacant than lower the rent.

        This isn’t hypothetical, it’s happening in practically every property market where wealthy investors are buying up housing stock.