, which is backed by BlackRock, for buying a huge share of single family homes in the U.S. These corporations are seeking only to make a profit at the expense of families and individuals looking for a place to call home, she said.
“We have these major, often private equity-backed companies, that are gobbling up homes in our housing market, which is already creating excess scarcity on top of the housing scarcity that already exists,”“And then, by constricting that supply, we’re also seeing a lot of these major, huge multi-million dollar companies then either flip those properties and resell them at a higher rate due to that artificially inflated price, or they hold on and hoard this housing stock and rent out at...
Mark Zandi, chief economist for Moody’s Analytics, said that individual investors and institutional investors made up a quarter of home sales at the end of 2021. Indeed, investors have been buying homes
So glad that she takes on these issues. Love her.
Another telling contribution from a future president. Go AOC She is the one.