I found this Derek Thompson article informed my thinking on the subject:
https://www.theatlantic.com/ideas/archive/2021/06/blackrock-...
I'm simply saying that we should ban private equity firms owning residential properties, period. If it's not a problem, why should Blackrock care?
What happens to apartments? What is a "PE" fund defined as? REITs own a number of properties but are not PE. Are small landlords banned from renting? What is the delineation of a Family Office/Small Landlord and a PE fund?
You've basically done the policy equivalent of asking you to build me a website that can host FB level load with no other criteria except Facebook did it.
Low detail, high accuracy.
In the area I worked in, 30% of all home sales were bought with cash with no inspections to investment companies like Blackrock and then listed for rent. In the 3 cities around me, 2 new communities that were supposed to be starter homes starting at $300k, were all bought up by those investment companies and are now rental-only communities.
The average American can't compete with that no matter how much we delude ourselves into thinking we can.