Corporations should not own single family housing. There is zero reason housing should continue to increase like it does.
Go onto Zillow. Look how much the house was originally built for, throw that into an inflation calculator and be shocked at how we’re being ripped off.
And now on top of being ripped off, interest rates are ridiculous.
There is not a shortage of housing, corporations are buying them up and either sitting on them or renting them out at high rates.
The same corporations buying up housing are buying up apartment complexes. I know in my area many of them are at less than 20% full and they’re still charging $1500 a month for a 1 bedroom. They’re artificially driving up prices putting a stranglehold on the economy.
If Americans didn’t have to throw most of their paycheck towards housing (or education or healthcare) the whole country would be in much better shape. Inflation wouldn’t hit as hard, we could put more money into savings and actually retire, extra money for travel or things that make us happy.
It seems like such a simple solution, maybe I’m wrong but something needs to change.