According to recent data from Redfin, rent prices are stabilizing. Despite this positive development, housing costs remain a prime concern, leading some experts to look for solutions to address shortages, such as suggestions to build housing on public land. However, such proposals are likely temporary distractions from the often-villainized group of institutional investors.
Unfortunately for consumers, such a focus distracts from genuine solutions, as institutional investors aren’t driving the housing crisis.
Housing accessibility and affordability look different today than they did in previous generations. Over the past decade, median rents have risen, especially in dense urban areas. Despite these increases, renting affordability still outpaces home ownership.
As more Americans forego homeownership for financial reasons, lawmakers have been looking for someone to blame. Increasingly, they’ve landed on institutional investors.
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Tirzah Duren is the President of the American Consumer Institute, a nonprofit education and research organization. For more information about the Institute, follow us on X @ConsumerPal.