Almost certainly not. Institutional investors are too little of the market. And every time someone has seriously investigated this hypothesis, the evidence has been lacking.
There’s also a large existing housing stock.
Cut back/tax on legal immigration, tax remittances harder, and penalize those employing illegal immigrants. None of this ICE kabuki theatre is needed (and frankly is cruel and immoral).
Obviously this won’t happen because both left & right want immigration.
The jobs they hold are available to you today. No one wants farm wages.
For legal migrants, many of them are in respectable homes. For the illegal yes it’s lower quality, but regardless supply and demand will hold true. Safety in many of these lower quality homes will increase as well.
> The jobs they hold are available to you today. No one wants farm wages.
Because we’ve allowed capital to increase their bottom line at the expense of labor. The conditions and pay today are only what they are because we let capital play by different rules. We should not structure America to benefit the few.
There was one piece of absolute shithole land I looked at because I was in the process of building a house.
Some dead guy decided to encumber it by requiring me to build a gigantic house if I wanted live there. Reversing it would require something as onerous roughly as getting all people in a 10 mile radius to stand on one foot while reciting the entire bible from memory. Technically possible so it holds up in court as not being a perpetual covenant, but for all intent in purposes was.
You would not believe how much land boomers basically ruined forever when they mindlessly engaged in some wack covenants back around the 80s.