Of course it does. Many houses remain empty because PE firms buy them and hold o... | Hacker News

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		MOARDONGZPLZ 5 months ago \| parent \| context \| favorite \| on: Investors bought 27% of US homes in Q1, as traditi... Of course it does. Many houses remain empty because PE firms buy them and hold out for rents locals cannot afford.

WalterBright 5 months ago [–]

Rent control plays a role in that.

If rents are not allowed to rise, the landlord risks locking in a low rent for the indeterminate future. It's a better play to leave it vacant until the rents rise.

Rent control is simply a disaster.

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