AI is a plaque upon housing in America.
  • leanleftEnglish
    2·
    3 days ago

    #notanexpert . but to argue my case:
    in some housing markets: “Top 5 companies control 70% of the market: The top 5 real estate companies in the <city’s> market, including Ebby Halliday, Keller Williams, RE/MAX, Coldwell Banker, and Century 21, control approximately 70% of the market share”

    • realitista@lemm.eeOPEnglish
      1·
      3 days ago

      Are you sure they are the companies owning the homes? They look like realtors to me.

      I have heard of rental funds buying up real estate but I think this is still a relatively small portion of the market with a relatively large number of players such as these

      • leanleftEnglish
        1·
        2 days ago

        thanks for the tip. the number would seem to sit at 40% dominance by urban landlords.
        i would think that the housing market, affects the rental market. but not always. apart from homebuyers that get priced out and have to re-enter the rental market.

        • realitista@lemm.eeOPEnglish
          1·
          2 days ago

          I’m not sure what that means, but if the link I gave was correct and the biggest one has ~85,000 homes, that’s only 0.1% of the total US single family housing market of 82 million single family homes. That would indicate that there would be thousands of landlords in most areas, meaning that collusion between them would require a sophisticated networked system between them.