Wall Street at it again. (investors buying up 100s of homes at a time)

#finance
#financenews
A Wall Street Landlord bought the entire neighborhood in this new home build development south of Nashville. They now have 15 rentals on the market for houses that aren't even completed.
What will happen to home prices and rents in this ZIP code and other parts of Tennessee if these Wall Street investors keep buying up the homes? Builders like LGI Homes, Lennar, and DR Horton have made a habit of selling to Wall Street Landlords because they have lots of supply on the market.

Regular homebuyers could have purchased these homes if they weren't sold to an investor. But instead, the investor is doing rent-to-own and demanding a 3-year lease to have the "option" to buy in the future.

Wall Street landlords are still buying in home-building sites across the US Housing market. Meanwhile, their overall purchases are down by 50% from peak, especially in markets like Orlando, Miami, Nashville, and Atlanta.