Monopoly Round-Up: Corporate Slumlords and Housing Cartels – Matt Stoller/BIG
“What’s happening is the consolidated homebuilders are starting to work with consolidated corporate landlords to transition Americans away from homeownership. In 2021, Invitation Homes and one of the builders Pulte cut a deal where Pulte is building 7,500 homes specifically for Invitation to buy and rent. To put it another way, where did the starter home go? Well, it’s still there. It’s just no longer a home you can buy, it’s one you have to rent.”