I think doing that would require clamping down on private equity, which is antithetical to boomer republican policy.
This is my wheelhouse and I ve posted about it before.
the economics of housing dont scale. you need local knowledge, that again doesnt scale.
One of the agents i worked for 20 years ago was a scum bag he would take the most ghetto houses in one of the worst cities in CA (Stockton) and go peddle it to retards in the bay area who could only compare it to what they knew. Those wanna be slumlords always lost because they over paid.
Zillow tried to be a tech company in the real estate market and fucking lost.
Austin Texas had all the tech money PE people come in to devople it only to be in the process of losing their shirts because the tech bros would rather live in Silicon Valley.
To put it this way there are about 75 million single family detached houses in america.
Buisnessess called REIT or Real Estate Invest Trusts (who normally own big apartment complexes) dabble in the Single family homes. Owning about 200,000 homes or 0.25 of a percent
The biggest owner of single family homes is invitation homes which was founded by blackstone who later divested it. and that group owns about 85,000
The housing issue imo is because of goverment distortion. When you lower rates you can get more house for the money or less house for the same money.
Also the lending structure and monitzation of loans means there is no incentive to not over pay for a house, to the goverment sponsored enties freddie and fanni create more distortion.
For example lets say you have a savings and loan, they are a local entity, they know what a house should cost they have no interest in overpaying, you bring 20-30% down which is really covering the banks risk.
Shit goes south you cant pay, the bank forcloses and liquidates the house get the non performing loan off its books.
That isnt how shit is done done these days at all.
