-Next he should ban private equity firrms from buying up local medical offices ...

I'm not disagreeing......but can you tell me why he should do that?

But back to the real estate thing.....the worst thing about these private equity firms buying houses is they are taking advantage of how real estate is valued. Well, a flawed system of how real estate is valued.

One of the most significant ingredients of how they price a home for sale are the recent sales in their neighborhood.

The obvious way to increase the value of your home is to get the entire inventory of homes for sale in your area to sell for more money.

The average joe can't do that. He simply has to live with the value of those sales as a basis for his value when he lists his home.

Private equity firms have lots and lots of entities. They use Entity A to buy a home, turn around and list it for significantly more money than they just paid for it. Entity B buys it for that price.

Now you have a recent sale for a lot of money.....and they do it again and again in the same neighborhood. It's all money from the same pockets anyway. They are only in to the house for the original price they paid for it.

How that is legal is complete --------. But realtors are opportunists. Which is to say they are greedy and lazy. They aren't going to blow the whistle on this even though they KNOW it's going on and it's how PE firms have artificially inflated the markets.