TL;DR: Americans now need to make $120K a year to afford a typical middle-class life and qualify to purchase a home. Minimum.

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[–] 6 points 2 years ago (3 children)

65% + 25% = 90%. Doesn't seem "ludicrously false" by that assertion; I wouldn't be surprised if the remaining 10% accounted for all individual landlords.

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  • [–] 7 points 2 years ago (2 children)

    Not all homes are for sale every year. The vast majority are not.

    If Wall Street buys 30% of all homes for sale this year, that does not mean that they now own 30% of all homes that exist, only 30% of those that happened to go on sale this year.

    To answer the proximate question, about 70% of rental properties are owned by individuals.

    https://www.pewresearch.org/short-reads/2021/08/02/as-national-eviction-ban-expires-a-look-at-who-rents-and-who-owns-in-the-u-s/

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