\n\n\n\n\n\nOne thing I\u2019m curious about is whether we\u2019re going to see a shift away from small private landlords to large corporate landlords with greater economies of scale.
This has absolutely been happening in American cities, investors assembled some decent portfolios of single-family houses out of the ruins of the 2000s housing bubble. That was one of the things on my mind when I was struck by mid-century neighborhoods characterized as having \u201cresidents\u201d rather than \u201chomeowners\u201d the other day.
And to answer @fluffshy’s question here as to what the efficiencies of scale would be, anecdotally, they’re better able to extract from renters - that with professional market-watching capability they’re quicker to raise rents when the market, even neighborhood-specific, heats up, that with more office infrastructure than a 9PM kitchen table they more closely track rent coming in and issue late fees; with more legal capacity they press harder for eviction and with more cash reserves they’re less dissuaded by the (opportunity) costs of finding a new tenant, etc.
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