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Wall Street has spent billions buying homes. A crackdown is looming. (www.foxbusiness.com)

submitted 1 year ago by wintermute_oregon@lemm.ee to c/conservative@lemm.ee

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I think everyone can agree on this article

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[–] Lookin4GoodArgs@lemm.ee 15 points 1 year ago (2 children)

Companies that buy single-family homes say their businesses provide renters the opportunity to live in desirable neighborhoods where they otherwise couldn’t afford to buy.

That's true, because companies buying SFHs make it unaffordable to buy homes in desirable neighborhoods. They are the solution to the problem they created.

[–] Dkarma@lemmy.world 1 points 1 year ago

That would be true if this situation didn't exist before the leap in prices.