Wall Street owns 3% of US rental homes. Will a corporate ban fix housing prices?

Lawmakers blame mega-corporations for a housing shortage. But the math shows that banning institutional buyers penalizes renters while ignoring the market's true bottleneck: restrictive local zoning.

Heat map data visualization showing the highest concentrations of institutional investor single-family home purchases in U.S. Sun Belt markets. (Graphic: Flingjore.com)

Lawmakers across the political …