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They own a quarter of all SFH (just for now, source: https://www.corelogic.com/intelligence/single-family-home-investor-share-remained-high-in-q4-2022-with-smaller-investors-driving-demand/) because they decided we are the demand they need and can corner us.
Unfortunately we can't rely on elected officials to do something about it. So? Let's STOP renting those overpriced houses from them, and make their investments succumb to basic economics.
Can you rent an apartment, stay with family, or work remote and have other options? Great.
Lastly, stop listening to good for nothing realtors and get smarter at negotiating things.
Our generations were dealt shitty hands but we are not going down as the generations that "just took it". We are creative, resilient and we can fight back.
Edit: GenX too! .Added source for investor owned homes in the US.
Edit 2: I didn't say be homeless or don't rent, but renting single family homes, specifically, from institutional investors is exactly what they need to continue their frenzy and push homeownership more and more out of reach for younger generations. You have to understand, they can continue to buy up as much as they want, so let's get creative and hit them where it hurts. Of course you are free to do what you want and rent from who you want in this country, but I personally will do my part and not rent a SFH from them. They want free markets, let the free markets backfire.
Edit 3: Everyone has views and ideas on what can be done within reason (and legality), so share. Let's do all we can, at this point, making decisions that matter is better than status quo
I've seen that too only in the past year. Exactly the type of house we should NOT be renting. Let them fail and sell.
Rent apartments vs SFH. I have the luck to be a "digital" nomad so I don't pay rent nor mortgage as I have other arrangements. But if I had to settle somewhere and rent for a while it'd be apartments only. Or if for some reason there were no apts, I may rent from someone I know is not an institutional investor. There are options
"You are not going to start a movement where a quarter of renters just decide they'd rather have nowhere to live to stick it to the man"
Watch me
No, I get that, but we still need to try to find ways to stop succumbing to the madness, we need to get creative and try not to give them our business whenever possible
YES. The blue vs red narrative is creating s lot of hate, division and lack of productivity
But you're in an apartment, not a SFH, which is what these greedy investors are hoarding now. You're doing what you can already
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Funny you say that, I'm getting my tubes out next week. Childfree is definitely a thing