Comment by silisili
2 days ago
In raw numbers of ownership, sure.
But make no mistake, during the housing boom post 2019, in a lot of 'hot' metro areas, "wall street" was buying way more homes than individuals. Especially in the south. In the area I lived in, Invitation Homes, some weird shell company of Blackstone, was buying up every piece of tract housing they could get their hands on. At one point, they were making agreements with builders building out new neighborhoods to not sell to individuals since they wanted them all.
So no, I care far less about what my neighbor is doing because he or she isn't attempting to price out an entire city.
Here's a report where you can see which areas have a high percentage of big investors (not just people who own 2-3 homes):
https://go.lincolninst.edu/whoa-mapping-corp-ownership-repor...
Looking at the map one might conclude that big investors buying up single family homes is a recipe for affordable housing.
LOL - Simpson's Paradox at play here?
Exactly, absolute ownership numbers matter less for housing prices than the proportion of corporate buyers in the market.