You have record ownership of single-family homes by hedge funds and private-equity funds. They bought these things up in ’09 or ’10 or ’11, and their plan was to rent them out for a while and then sell them to other tenants.
The problem is the tenants are now broke. They have credit card debt, low paying jobs, auto debt, they can barely afford to even rent the houses! In New York and other IS cities the rent has skyrocketed, I’m certain it’s the same in England’s cities such as London.
Your posts are giving me huge informations and it’s very valuable.
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