Because people like to blame big corporations and pretend that “mom and pop” landlords aren’t also raising the rent and donating and lobbying politicians to keep housing as scarce as possible.
People are more sympathetic to small capital even though it operates on the same incentives as large corporate capital. IMO it’s because people moralize this stuff and it’s easier to say the rich guy on Wall Street is evil for raising your rent as opposed to Mabel who lives in the unit below you.
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In 2024, 56% of the homes for sale were purchased by private investors in Texas
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Because people like to blame big corporations and pretend that “mom and pop” landlords aren’t also raising the rent and donating and lobbying politicians to keep housing as scarce as possible.
People are more sympathetic to small capital even though it operates on the same incentives as large corporate capital. IMO it’s because people moralize this stuff and it’s easier to say the rich guy on Wall Street is evil for raising your rent as opposed to Mabel who lives in the unit below you.