The cost of single-family homes is a huge issue, but focusing solely on "large institutional investors" misses the deeper issue. Real estate investment in general is driven by a lack of a superior store of value.
When money was created in response to the pandemic, a large amount of it ended up in better stores of value, like real estate. Removing Blackstone might lower competition at the top, but smaller investors and individuals will still be forced to treat housing as a long-term store of wealth until they feel like there is a better alternative.
The cost of single-family homes is a huge issue, but focusing solely on "large institutional investors" misses the deeper issue. Real estate investment in general is driven by a lack of a superior store of value.
When money was created in response to the pandemic, a large amount of it ended up in better stores of value, like real estate. Removing Blackstone might lower competition at the top, but smaller investors and individuals will still be forced to treat housing as a long-term store of wealth until they feel like there is a better alternative.