“One reason real estate investors are coming out of hibernation is to take advantage of robust demand from renters,” said Redfin Senior Economist Sheharyar Bokhari. “Elevated home prices and mortgage rates have pushed homeownership out of reach for a lot of Americans, which is fueling demand for rentals. Investors, many of whom can afford to pay in cash to avoid the sting of high mortgage rates, are cashing in on that demand.”

Renters are actually forcing capitalists to buy up all the available housing because they demand rentals too much. People definitely aren’t forced to become renters against their will by capitalists creating artificial scarcity. If people wanted to afford housing, they could simply choose to curb their excess demand and stop forcing the poor powerless investors to buy it all. Think of all the poor small mom and pop landlords that can’t afford to buy new AirBnBs because greedy renters are forcing big investors to buy up all the housing stock with their excess demand!