The real estate industry contends that America’s housing shortage is based on supply and demand. However, with 16 million vacant homes across the U.S. — that’s 28 vacant homes for every homeless person— that cannot be the problem. A new study shows the real problem is that the U.S. real estate market has become such a tax haven that billionaires are acquiring property and intentionally leaving it vacant, thus driving up the cost for everyone else to rent or buy a house.
Billionaire Investors Are ‘Supercharging’ Housing Crisis: Report
https://www.commondreams.org/news/wall-street-buying-houses
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