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Yah I am vehemently against massive corporations coming in and buying swaths of housing to rent them out.
I was just in LA and my friend lives in a rental suite in Brentwood, typical 3-4 story old LA condo building that's seen a couple of repaints but no serious renovation in 30+ years... the company that owns his building is some investment conglomerate that buys up every building that comes to market... you drive down his street (South Barrington for reference) and every single sign in front of a building advertising suites for rent is the same company/phone number block after block... and now they're slowly going through and luxury renovating them and doubling or tripling rent costs... the company is worth about $6B now... it's not good for society and it's only getting worse.
It is, however, good for contractors who get lost in the system charging massive money to a faceless corp that is monitoring too much to even try to have jobs go out to tender for handiwork/maintenance around their buildings!
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