Is Grant Cardone right that the US will become a renter nation?

[Amy Raye Rogers]

According to Pew, "investors bought 24% of all single-family houses sold nationwide last year, up from 15% to 16% annually going back to 2012, according to a Stateline analysis of data provided by CoreLogic, a California-based data analytics firm. That share dipped only slightly in the first five months of 2022 to 22%."

If the percentage of homes purchased continues to shift to investors, is this really good for communities?