While rent prices are undoubtedly rising, it’s unclear how much of the jump is due to corporate investors who buy up multiple properties. “Community after community feels taken advantage of by Wall Street investors and corporate landlords who have bought thousands of single-family homes during recent downturns,” Harris’ policy platform reads. A CNN analysis found that rent increases recently outpaced wage growth in cities with a meaningful presence of big investors. Ownership by corporate landlords, which CNN calculated by combining limited liability entities, real estate corporations and real estate investment trusts, stood at 16%. The number of single-family homes under construction dramatically decreased after the 2008 financial crisis, and construction never really returned to pre-recession levels.

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Persons: Kamala Harris, Harris, ” Harris, Michael Seiler, College of William & Mary, “, we’re, ” Seiler, Laurie Goodman, ” Goodman, Donald Trump, ” Jared Kushner, Trump’s, CoreLogic, Goodman, “ There’s, ” Organizations: CNN, White House, Wall Street, College of William &, Urban Institute, Bureau of Labor Statistics, Housing Finance, Center, SSRS, Republican, Census Locations: United States, Atlanta, Jacksonville , Florida, Charlotte, North Carolina, Zillow