What happens when private equity buys homes in your neighborhood

Shameless apologia for private equity vultures buying up all the houses, what a terrible article. "Oh but renting costs less so it makes your neighborhood more diverse with more lower-income residents!" Yeah and renting also ensures you stay low-income forever by never getting the opportunity to build any equity. Real 'you'll own nothing and you'll be happy' energy

The opening paragraph is also a laugh. "Daniel Erb became a corporate landlord kind of by accident." Yeah he was an investment banker who decided he wanted to invest in real estate so he decided to call his cousin at BlackRock- woopsie! what a weird accident!

Private equity doesn't own a lot of houses. For example, in California large landlords (including private equity but also traditional landlord companies) own 1.9% of houses, small landlords (under 10 houses) own about 20% of houses, and individuals own the rest.