The United States has experienced a 12% increase in homelessness, to its highest reported level. Federal officials Friday said soaring rents and a winding down of coronavirus pandemic assistance combined to put housing out of reach for more Americans.
44% of single family homes were purchased by private equity in 2023. Some analysts expect institutional investors to control 40% of the SFH rental market by 2030.
Let us not forget apartments, which are invariably occupied by less wealthy folk on average, who definitely can’t afford the cost.