I'm so tired of people parroting this argument as if removing PE would solve the housing crisis. PE bought something like ~15% of new homes in 2024 (using the metric "flipped" is just a dumb way to get a headline), which turned around mean 85% of new homes were purchased by regular people.

But even that doesn't matter. Because PE is just investors, and guess what, the regular people buying the other 85% are investors too.

I live in an area where there is almost zero PE owned homes, and guess what, home prices are still exploding. There are still bidding wars and still crunchy moms chaining themselves to dilapidated warehouses to stop new builds from going up.