Hacker News new | ask | show | jobs
by gsk22 683 days ago
Where are you getting that statistic? I have seen considerably lower numbers.

For example, [1] indicates only 1 in 60 rental homes are owned by private equity. That doesn't even include owner-occupied homes.

[1]: https://ourfinancialsecurity.org/2022/06/letters-to-congress...
1 comments
paulryanrogers 683 days ago
Regardless it's a growing and worrying trend. Especially as they target and exploit the most vulnerable like mobile home parks and nursing homes.

No one would mind if they were building new homes or significantly improving the facilities in proportion of their rent increases.

link
davidw 682 days ago
> No one would mind if they were building new homes

I get what you're saying - producing new homes is actually what we need and would be more beneficial compared to just buying up existing housing stock - but the same NIMBYs who I mentioned further up would actually be upset about people building new homes.

link