The issue then becomes silly games with shell corporations hiding how many homes people own, which pushes homes into the hands of larger landlords who can afford to pay someone to play those silly games.
This is what pisses me off the most. America's housing is being sold to the wealthy, who then just turn around and siphon the rest of the wealth out of the middle-class and younger generations by forcing them into renting because the barrier to break into homeownership simply eclipses them.
There's a whole cottage industry of house hackers now thanks to biggerpockets who specialize in BRRRing, as in buying, doing minor renovations, raising rents and then cash out refinancing to have money for the next downpayment.