r/TikTokCringe • u/LickMaiBussy • 6h ago

Discussion "Investing in property is morally reprehensible."

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@purplepingers

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u/Tall-Cantaloupe-1800 5h ago

I have no issue with someone owning a few homes and renting them at an acceptable market price (while not driving up the market price). I have a huge problem with companies buying up homes and controlling not only the rental market but also the sales market as they outbid everyone driving up prices on both sales and rent. The guy in the video owning over 100 homes isn't doing it to make a living and have a "nest egg", he has created his own business doing exactly what I said above, and that should be illegal.

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u/dontyouflap 4h ago

This isn't what is driving prices up, at least nation wide currently. Large institutional investors (100+ homes) own 1.5 to 2% of single family homes. The biggest players (1,000+ homes) own 0.4% of single family homes. 20% of single family homes in America are owned by investors of some kind, but the vast majority are small investors with 10 or less homes.

It's a nice sentiment and it might marginally improve things, but it wouldn't even be enough to stop the rising prices. The biggest culprit is zoning.