SamuraiMegas wrote:No, they aren't going to lose money on them like that.
The market price is set at the level it is because of the factors I mentioned. The people buying up all those rental properties are making it difficult for people to find homes in many areas in the first place, and the ones that are available have ballooned in price to 2-4x the original level. This means that only the wealthy can afford homes. Slowly, more and more people will be forced to rent houses instead of owning them and that's not a good thing, as it increases economic inequality. If it continues on long enough you'll basically be forced to pay rent to a corporation endlessly instead of ever being able to own your home outright.
well if you believe in capitalism, this is how capitalism works and in the end few entities own the market aka late stage capitalism.
Surprisingly, one market this did not happen is cars. There are a lot of automobile companies still competing against each other, and with Tesla, there are even new competitors getting in the market. Can't say the same for banks, telecoms, videogame consoles, desktop OS, mobile OS, and even media outlets. Disney alone owns like what? 33% of all media.