Literally every top comment on NPR's housing story is shortage denial
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In Atlanta I think the number is ballpark 40% of rental homes are owned by investment corporations
Every home they buy is essentially lost from inventory. They buy the homes over the asking price and it's driving up property values / taxes.
It's artificial scarcity.
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It’s not lost from inventory though, people live in it.
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Where I live the construction company builds the house, then wallstreet buys the house.
The buying marker competes with the rental market. If fewer people can afford to buy a home then they are forced to rent.
Rental homes are inventory lost from the buying market.
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the question is not whether people can buy a house the question is rents are going up (the "consumption cost" of a house is going up), which is neutral to whether you are buying or renting (as owners impute rent)
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That user is saying that the housing shortage is real....but it's not due to a lack of supply, but hedgefunds and rental corporations buying all the supply.
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Again, the housing units aren’t sitting there empty. That wouldn’t make sense as an investor. It’s being rented. It’s still on the market.