SupraMario t1_j00clfw wrote on December 13, 2022 at 3:51 AM

Reply to comment by notimeforniceties in I’m Cornelius Hurley, academic, lawyer, 14-year director of a Federal Home Loan Bank. Ask me anything about the FHLBs. by ProfBU

In areas where they matter that's a ton of homes. This also doesn't include owners that own 10-20 homes either. One of the issues we have is so many of the single family homes are owned by someone else and being rented out.

notimeforniceties t1_j00dc3x wrote on December 13, 2022 at 3:57 AM

yes most single family rental homes are owned by "mom and pop" landlords, and that's generally not seen as a problem.

if you want actual stats:

> According to data from the 2018 Rental Housing Finance Survey, for example, individual investors owned approximately 73 percent of single-unit rentals in 2018, compared to 23 percent of apartment homes in smaller properties (5 to 49 units) and just 7 percent of apartment homes in properties with 50 or more units. In that same vein, a recent Altus Group study estimated that institutional investors (firms with portfolios of over 2,000 properties), despite controlling over half (50 to 55 percent) of all U.S. apartment units, owned between just 2.1 percent and 2.5 percent of all single-family rentals.

SupraMario t1_j00enrv wrote on December 13, 2022 at 4:08 AM

People may not look at it as an issue, but the amount of 2nd homes people bought during this boom was a huge number. It's definitely an issue, just everyone wants to just point fingers at the big companies, but it's the market over all.