''Private Equity Companies Have Bought Up Hundreds Of Thousands Of Single Family Homes'' - House Subcommittee Addresses Investments In Single-Family Rentals
The House Committee on Financial Services , led by Chairwoman Maxine Waters , Subcommittee on Oversight and Investigations held a hearing on June 28, 2022, entitled, “Where Have All the Houses Gone? Private Equity, Single Family Rentals, and America’s Neighborhoods.” According to the subcommittee chair, Al Green , the committee found that “private equity companies have bought up hundreds of thousands of single-family homes and placed them on the rental market. This removes from the housing market, homes that might otherwise have been purchased by individual homeowners.” Related: Retail Investors Are Now Buying Shares Of Individual Rental Properties According to the Committee Memorandum , the subcommittee''s investigation found that corporate ownership of single-family rental homes rose significantly following the 2008 financial crisis, growing 3% annually since 2010, with the fastest year-over-year increase being in the third quarter of 2021. In October 2021, the subcommittee sent a survey to the five largest owners of single-family rentals in the U.
''Private Equity Companies Have Bought Up Hundreds Of Thousands Of Single Family Homes'' - House Subcommittee Addresses Investments In Single-Family Rentals
The House Committee on Financial Services , led by Chairwoman Maxine Waters , Subcommittee on Oversight and Investigations held a hearing on June 28, 2022, entitled, “Where Have All the Houses Gone? Private Equity, Single Family Rentals, and America’s Neighborhoods.” According to the subcommittee chair, Al Green , the committee found that “private equity companies have bought up hundreds of thousands of single-family homes and placed them on the rental market. This removes from the housing market, homes that might otherwise have been purchased by individual homeowners.” Related: Retail Investors Are Now Buying Shares Of Individual Rental Properties According to the Committee Memorandum , the subcommittee''s investigation found that corporate ownership of single-family rental homes rose significantly following the 2008 financial crisis, growing 3% annually since 2010, with the fastest year-over-year increase being in the third quarter of 2021. In October 2021, the subcommittee sent a survey to the five largest owners of single-family rentals in the U.