I don’t read this as being against it at all. They’re simply pointing out it doesn’t have that big of an impact because of a bigger problem that remains.
Institutional investors collectively nearly a million residential properties in the US, and continue to buy more. When turnover of inventory is only a couple percent a year, owning nearly 1% of the housing stock and not turning it over is a lot. Small landlord property turnover is much higher than institutions.
This action would have an impact.
Other problems will ALWAYS remain. That's no reason not to make a dent in what can be dented.
