So a lot of corporate-owned housing is only in that state transitionally. If a corporate developer builds a condo building or a suburban subdivision, they own all those homes because they built them, but their intent is to sell those homes and divest themselves from it entirely. When a bank forecloses on a home, they’re in the same situation.
What’s left when you account for all of that is apartment buildings. Individual people can own apartment buildings, but only if they’re significantly wealthy, and even then they’ll want to outsource the actual management of the building. Theoretically you can convert apartment buildings to condo buildings, but there are still a lot of people who want to rent rather than buy at any particular point in time so it might not make sense to do that.
Furthermore, I don’t think theres any corporate conspiracy to turn us all into renters in the first place.
I don’t get into a lot of conspiracy theory scenarios. I also don’t think it’s even much of a conspiracy - when the recession hits and people can’t afford housing they default on mortgages. Corporations buy them and turn back into renters. I’ve seen stats that say that happened to 5% of the population during the last 10-15 years.
What’s left when you account for all of that is apartment buildings. Individual people can own apartment buildings, but only if they’re significantly wealthy, and even then they’ll want to outsource the actual management of the building. Theoretically you can convert apartment buildings to condo buildings, but there are still a lot of people who want to rent rather than buy at any particular point in time so it might not make sense to do that.
Furthermore, I don’t think theres any corporate conspiracy to turn us all into renters in the first place.