Mainstream Media Discovers Housing Crisis, Ignores Land Hoarders
This sage advice arrives just as institutional investors continue to snap up single-family homes, transforming communities into rental portfolios. While the FT frames this as a simple supply-side problem, conveniently absent is scrutiny of the BlackRocks and Invitation Homes of the world, whose aggressive purchasing practices, often funded by cheap capital, further distort the market. The very
'supply' problem they identify is exacerbated by the financialization of housing, turning homes into assets for speculation rather than places to live. One might wonder if the Financial Times would ever suggest tackling the unregulated financial sector that fuels these housing buyouts, or if 'supply' is merely a code word for 'more developer profits, less for the actual people.'