Tag: housing shortage

Commentary: A Rent Control Renaissance Is Underway in the U.S. and It’s Sure to Make the Housing Shortage Worse

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If one needed any more proof that rent control laws suppress investment in new housing, then it is not necessary to look any further than this recent survey from the National Apartment Association. They found that “Over 70% of housing providers say rent control impacts their investment and development plans; actions include reducing investments, shifting plans to other markets, and canceling plans altogether.”

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Wall Street Investors Are Snatching Up Single-Family Homes and Taking Over the Rental Market

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An ongoing shortage of housing will make it easier for banks and other Wall Street investors to take control of the market for single-family rental homes, National Association of Realtors Chief Economist Lawrence Yun told the Daily Caller News Foundation.

Institutional investors, such as banks and other large investors, are on track to own 40 percent of single-family rentals in the U.S. by 2030, MetLife Investment Management predicted, according to CNBC. An ongoing shortage of single-family homes in the U.S. would normally limit growth potential for Wall Street firms looking to buy single-family rentals, but it is also making it easier for them to tighten their grip on the market, Yun told the DCNF.

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