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Yup
(lemmy.ml)
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this post was submitted on 22 Sep 2023
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Something like 3/4 of houses are getting bought up by instant cash offer corporations who sell in bundles to venture capitalist backed renting corporations.
So yes. They have an effective monopoly. Oh and they've also been caught working together to raise prices. Nobody is mad at the landlord renting out the second place at cost.
Where are you getting your numbers? At best corporations buy up 25% (according to online statistics), but the statistics say "investors" buy up 25%, not corporations. For example, i bought a 2nd house to rent to my parents so that would be considered "bought by an investor" I think. I think the boogieman investor-purchases are overstated from what I've seen. Do you have anything you can point at that can back up your numbers?