A recent report from CNBC discusses the rise of corporate landlords in America and how some in Congress want to limit their influence in the single-family housing market. Lobbyists for the industry say the proposals from Washington would worsen the U.S. housing supply. Meanwhile, CNBC claims Wall Street firms have profited from higher than average rent hikes while leveraging government-backed financing and tax credits. It’s an interesting take on the current situation with Blackstone & Pretium.
“As of 2023, corporate landlords only commend a small portion of the rental housing in this country…the vast majority of all rental units, including apartments, are owned by individual small time investors”