[dukeyukey]

Also anyone who rents, which is most people at some point but especially students, immigrants (even richer ones), new grads, divorcees, basically anyone who can't dedicate a minimum of 5 years to an area.

I've been a victim to people thinking like that - which is why I'm currently paying £1600/month for a 500sqft 1-bed flat, shared with my girlfriend.

[strangesmells06]

Well if your proposed scenario as more houses transition to single family homes...renter supply will decrease.

But also as more people transition to single family homes renter demand will decrease as well.

It equals out except instead of private equity firm owning all the houses, normal people will.