The Big Winner in the Rental Home Shortage: Wall Street

[djean111]

2. Yes, eventually they will raise the prices too high, and the market will correct itself.

In the meantime, people will adapt and manage, or else live in places and situations they would never have considered before.
Then - what? - unable to sustain high rents (and, I am sure, unwilling to keep paying property taxes and upkeep), the big landlords might dump all those houses on the market again, lowering property values and perhaps making another mortgage crisis possible, this time in the hurry to get rid of homes that are costing them money because they are unoccupied, but still need upkeep and taxes paid.
Oh, or they may pay state legislators to keep decreasing property taxes, thereby weakening local government.
Round and round we go. It seems to me that any time the rich corner a market in anything, things end up all fucked up and everyone pays the price. Everyone but them, of course.