Investors buying foreclosures to rent is one of the reasons inventory levels of existing homes has fallen so sharply.
Read it at Calculated Risk
WaPo on Investors buying Foreclosures to Rent
by CalculatedRisk
And so goes the "ownership society" as the housing market clears.
1 comment:
Mega expansion of the rentier class. Nice. Meanwhile, our infrastructure is crumbling, education suffers, millions without health care, basic R&D being cut, but we'll have plenty of new landlords who produce nothing and collect rents.
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