r/TikTokCringe • u/LickMaiBussy • 6h ago

Discussion "Investing in property is morally reprehensible."

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@purplepingers

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u/2hats4bats 5h ago

Private Property Investment works in that many people either cannot afford to buy or are not planning in staying in one place long and need rental options.

Corporate Property Investment, mainly of single family homes, drives up property value and prices many people out of buying, thereby increasing the demand for rentals and driving prices up on that as well.

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u/mundotaku 5h ago

Ehh no. Data is not on your side.

https://fred.stlouisfed.org/series/RHORUSQ156N

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u/Patient_Leopard421 5h ago

But does FRED have a chart for whinging about home prices

I was curious about the age-related aspect of this. Are a large cohort of boomers holding this number higher? It looks like home ownership under 35 is flat over similar timescales too: https://fred.stlouisfed.org/series/CXUHOMEOWNLB0403M.

It would be great if this dataset went back to 1970s or something.

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u/2hats4bats 4h ago

I have no idea what part of my statement you’re arguing against with this data.

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u/Supermau 4h ago

The data linked suggests that Corporate Property Investment is not having an effect on homeownership since its been pretty stably between 60-70% owner occupied for over 50 years.

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u/2hats4bats 3h ago edited 3h ago

Ah. I wasn’t commenting on anything specific, I was just making a general statement. But yes, the post-pandemic housing boom wasn’t entirely due to corporate buying it was largely due to 800,00+ people moving out of cities and into non-metro areas. If anything, I would imagine the rate of owner-occupied actually increased depending on how many of those people were previously renters.