These massive organisations already have so much power, if they own all our homes too then we're screwed and I wonder what power that would have over local government too, if housing becomes owned by organisations rather than families.
Could write another essay on this lol but a lot of these new build blocks in London are microcosms of exactly that. I rented in one briefly & I’d say of hundreds of flats less than ten were owner occupiers, it doesn’t make sense to buy them as they’re so poorly constructed and price over inflated & a lot of people that did buy them soon move out as they realise there are serious issues whether it be cladding, noise transfer, over insulation, etc etc (rented my first flat from a bloke who left because of the noise & pollution from a main road and concerns for his kids).
Anyway the last flat I ever rented was supposed to be a desirable block for yuppies in tower hamlets. 90% was owned by one company, probably 5-8% by smaller landlords, of which some had multiple flats. Any time it came to vote for changes that benefitted residents but incurred a cost, they were voted down as it’s not in the majority’s commercial interest. Block management are toothless to punish the big share holders (in essence) because they can vote them out! So things like over crowding, anti social behaviour, pests, etc run rife in those properties as they’re standard neglected flats held by investment companies PLUS there’s no recourse for them. I would honestly describe that block as a slum, it became such a shithole.