[dmoy]

GP has confused percentage of purchases in some recent year(s) with percentage of ownership. Also conflated "private equity" with all investor-owned homes (which includes a huge chunk of publicly traded REIT stuff too).

Investor-owned in some recent year(s) exceeded 25% of purchases. Private equity was a subset of that.

Overall private equity owns like... 1-1.5% of housing units (which includes a ton of apartments).

[davidw]

"Investor owned homes" also includes an absolute ton of housing where someone owns a second house and rents it out.

[dmoy]

Yup that's a good point too. Of the ~25% purchased by investors, like 80%+ of those are individuals with a portfolio of <10. Big funds are like <5% of the 25%.

[janalsncm]

Yes, 25% of current ownership seems high to me. Most homes have been owned for decades. But percent of new purchases is a leading indicator of where the market is heading.

[davidw]

It's a trend because housing is scarce. Some of these companies come right out and say this stuff in their SEC filings. They're telling you that they will lose money if more housing comes online.