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Investment banker Daniel Erb entered the single-family rental market, capitalizing on underinvestment in housing. His firm, along with others like Blackstone, buys homes and rents them, sparking debate. Critics argue this drives up home prices, making homeownership harder for middle-class families. However, research suggests these rentals also increase neighborhood affordability and diversity, offering housing options to lower-income and minority groups. The core issue, experts contend, is insufficient housing construction to meet demand, not just corporate landlords.

Prepared by Christopher Adams and reviewed by editorial team.