Home prices and rents are up because of low interest rates and nimbys who block new construction. Corporations buying homes have literally nothing to do with it. If they buy homes to flip they have no net impact on home prices (because they buy and sell in equal quantities). If they buy homes to rent out they exert downward pressure on rents, so they are not responsible for rising rents.
The reason why the government has done nothing to fix it is because
1. The median voter is a homeowner and WANTS homes to be unaffordable so their investment goes up.
2. The median non-homeowner does not understand basic supply and demand and does not understand that the lack of housing is the main driver of high home prices, so they complain about red herrings like Zillow buying up houses instead of pushing the government loosen zoning restrictions on multifamily housing.
You fall into the latter category, which means YOU are part of the problem. You complain about the government not doing anything to fix the housing problem but people like you are literally the reason why it doesn't get fixed.
The reason why the government has done nothing to fix it is because
1. The median voter is a homeowner and WANTS homes to be unaffordable so their investment goes up.
2. The median non-homeowner does not understand basic supply and demand and does not understand that the lack of housing is the main driver of high home prices, so they complain about red herrings like Zillow buying up houses instead of pushing the government loosen zoning restrictions on multifamily housing.
You fall into the latter category, which means YOU are part of the problem. You complain about the government not doing anything to fix the housing problem but people like you are literally the reason why it doesn't get fixed.