When Wall Street Is Your Landlord

By Alan Semuels - With help from the federal government, institutional investors became major players in the rental market. They promised to return profits to their investors and convenience to their tenants. Investors are happy. Tenants are not. “Our fear is that any home that goes into [an] investor’s portfolio isn’t just about homeownership today—it is locking that home out of potential homeownership for decades to come,” says John O’Callaghan, the president and CEO of the Atlanta Neighborhood Development Partnership, a nonprofit that promotes affordable housing. Read More

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