I have just laughed over the years as people argued that private equity owned too small of a percentage of the housing stock to move the market. Looks like they were wrong.
The entire arrangement is such a tax and loan leveraged scam. It's time investment groups and corporations are no longer allowed to use tax advantages that were intended to help build families/middle-class build wealth. Too bad PE essentially runs the US now. I would not be surprised that in ten years PE/REITs own 50% of the housing stock in every city that has a functioning job market.