44% of flipped single-family home purchases were by private investors in 2023
Private equity firms have been carving out an increasingly substantial share of single-family home purchases, raising concern about the potential consequences for housing affordability and market competitiveness.
In many places it is illegal ... local laws prohibiting landowners from owning over X% of properties, or land. Doesn't mean they won't ignore the laws and do it anyway, just like MERS was clearly illegal (Mortgage Electronic Registration System, transferring property titles outside of county clerks offices) back in the 2008-2010 mortgage meltdown.
Pretty sure Blackrock is scheduled for seizure/forfeiture under the plan, though, so we'll have to be patient a bit longer. Bad if you want to buy a home now, though.