Definitely a lot of corporations turning homes to rentals but if there are fewer people to rent those houses, it’s not as lucrative an investment and with a surplus of homes, there’s more opportunity for people to buy them. I get what you’re saying tho. They have all the power to turn any situation in their favor.
In some situations they’ll rather have empty houses than rent it out to the poorest people for lower prices. Or actively destroy (“upgrade”) affordable housing to keep prices of the rest up. And if the prices do really go down a lot it’s still poors with mortgages but suddenly no more enough income selling their places for bargain prices to the ultra rich for whom even in a real estate crisis with crashed prices it’s all still just a game situation, not a food on the table one. They use it to gobble up even more.
Definitely a lot of corporations turning homes to rentals but if there are fewer people to rent those houses, it’s not as lucrative an investment and with a surplus of homes, there’s more opportunity for people to buy them. I get what you’re saying tho. They have all the power to turn any situation in their favor.
In some situations they’ll rather have empty houses than rent it out to the poorest people for lower prices. Or actively destroy (“upgrade”) affordable housing to keep prices of the rest up. And if the prices do really go down a lot it’s still poors with mortgages but suddenly no more enough income selling their places for bargain prices to the ultra rich for whom even in a real estate crisis with crashed prices it’s all still just a game situation, not a food on the table one. They use it to gobble up even more.