Friday, January 24, 2014

Wall Street’s Frightening New Plan To Become America’s Landlord

www.thinkprogress.org/economy/2014/01/24/3203471/wall-street-landlord/
"Banks, hedge funds, and private equity firms have been amassing those real estate holdings for a few years now, but their plan for wringing profit out of the rental market is just starting to draw real scrutiny. The New York-based hedge fund Blackstone Group is now the nation’s largest landlord after purchasing over 40,000 foreclosed family homes for the purpose of renting them out."