Here’s what happens when private equity buys homes in your neighborhood

['Alex Mayyasi', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar', 'Vertical-Align Middle .Wp-Block-Co-Authors-Plus-Avatar Is .Alignleft .Alignright'] TPR: The Public's Radio 2025-09-09 11:00:00

They focused on single-family homes — the classic house with a yard, often in the suburbs. The private equity firm Blackstone (commonly confused with BlackRock) more or less invented this buy-to-rent strategy in 2012, under the moniker Invitation Homes. But now private equity was outbidding aspiring homeowners, making it more expensive to buy a home and pocketing the appreciation in home values. The big bang of buy-to-rentWhen institutional investors first started buying single-family homes, the U.S. government laid out the welcome mat. These results did not turn Chang into a cheerleader for private equity.