Comment on Homelessness rose sharply in the U.S. in 2023, data shows

• Fleamo@lemmy.world ⁨6⁩ ⁨months⁩ ago

  I don’t care if companies own houses, they rent out those houses so the amount of housing is still increasing.

  Same for “those outside the country” unless you mean like billionaires buying housing units and not living in them and not renting them out, but that is not a big enough part of the market to matter.

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  • Wutangforemer@lemmy.world ⁨6⁩ ⁨months⁩ ago

    15 percent of the market is big enough to matter. slate.com/…/blackrock-invitation-houses-investmen…

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    • Fleamo@lemmy.world ⁨6⁩ ⁨months⁩ ago

      Corporations bought 15% of homes sold in that quarter, they don’t own 15% of the homes. The total owned is much less. But regardless, that does not impact HOUSING, it impacts home buying. Separate issue.

      If 100 people need somewhere to live, and there are 98 houses, 2 people will not have housing. Now imagine a corporation buys 10 houses and rents them out to 10 of the people. Still exactly 2 people without housing. I care more about helping the people who do not have places to live.

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      • Wutangforemer@lemmy.world ⁨6⁩ ⁨months⁩ ago

        It is more than you think.

        According to data reported by the PEW Trust and originally gathered by CoreLogic, as of 2022, investment companies own about one fourth of all single-family homes. Last year, investor purchases accounted for 22% of American homes sold.

        billtrack50.com/…/investment-firms-and-home-buyin…

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