Landlord lobbyists have crusaded to rebrand themselves as “housing providers” and rid themselves of the feudal title that makes their power clear, but landlords do not “provide” housing, they extract rent from housing by hoarding the places where we can live.27 When our rents are leveraged for more housing grabs, landlords take over more and more space.28 Already-wealthy people, corporations, and financial firms profit; more of us are tenants than ever before.29 Rent is an engine of consolidation. It drives the ownership of housing into fewer and fewer hands.30 In 2013, Invitation Homes issued the first-ever rent-backed security with 3,200 homes in its portfolio.31 Just ten years later, the company now owns more than 80,000 homes nationwide. Its business model turns rents into securities to sell to investors, so they can buy up more homes, and start over again.