re: WSJ: Wall Street Has Spent Billions Buying Homes. A Crackdown Is Looming.

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Govt devaluing the dollar and flooding the country with money since 2020 caused this,

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Yea rates were too cheap for too long

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institutional buyers are just their bogeyman.

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Not really. We get calls weekly from hedge funds wanting bids to do their maintenance because they are looking to buy a block of houses from DSLD or something. I have been in the business of managing properties for institutions (99% bank repos) since 2008 and the amount of SFH being bought by these firms is escalating.

One of the largest companies in my industry has set up warehouses in cities like Houston, Dallas, Phoenix, Tampa, Vegas, etc and staffed them just to get contracts from hedge funds to manage their inventory.

This isn't a boogeyman. It is a growing problem that perhaps should be reviewed as it only hurts the middle class considering low-income already have a ton of housing programs including Section 8, tax credit development, etc