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When all the single family residential homes are owned by investors, more people are forced into long term rental life who might traditionally be prepared to buy. But the investor speculation drives prices well beyond what working and some middle class earners can afford.

Rents increase bc a return has to be made, and there is no escape. The poor stay poor. The rich get richer.

Disgusting is a matter of opinion but it does seem a zero sun game with a lot of losers.