>> If these corporations can't invest in housing, they'd direct their money elsewhere.

I think that's why they're buying residential - there aren't any other traditional investments that aren't in a bubble or just have low returns. If you anticipate economic collapse or hyper inflation or whatever, physical assets make sense - when you measure wealth in houses you don't care what the dollar does. Gold people can do without, housing not so much. Whatever happens next, people will need a place to live. OTOH the population collapse is also coming so housing doesn't make much sense beyond 2030 or so.

I wonder if they could develop some legal apparatus to employ individual straw buyers to circumvent such a restriction.