Private Equity as a whole only owns like 5-6% of single family homes in the US. The more insidious thing they do is establish credit facilities to help independent operators (i.e. stubborn boomers who "got theirs" and don't care if they destroy their children's futures for some extra $ to gamble and buy luxuries in retirement) get loans for turning homes into rentals. They get to just passively collect interest, while their current portfolio of homes goes up in value as more homes are taken off the market to be turned into speculative assets. I imagine a few years down the road these PE firms will liquidate their portfolios at the tippy top of the housing market, and turn all these boomers into bagholders when prices inevitably crash, and they can then just scoop up cheap foreclosures.

>Ruins your hobby
>Ruins society
The final boss of vidya

>Quietly destroys the US while retards argue if problems are the fault of libtards/browns or raciss wypipol
The greatest trick the Devil ever pulled was convincing the world he didn't exist.

Lower wages and more hours? Private Equity.
Less choices at stores and worse quality? Private Equity.
Skyrocketing home prices that force you into renting? Private Equity.
Worsening healthcare with higher premiums and more denied claims? Private Equity.

Why is /pol/ so blind to the private equity problem? DO NOT look up what Fannie Mae and Freddie Mac did with foreclosed homes, and who they secured billion dollar loans for in the aftermath of 2008 if you want to remain retarded.