RealtyTrac asks if Wall Street is your Landlord. We ask for how long?

By Jann Swanson

Posted To: MND NewsWire

It was notable in the years after the housing collapse that the composition of investors in single family real estate changed drastically. Long the providence of small investors – individuals who purchased a few properties to either flip or rent out for long-term income – the avalanche of foreclosures and plummeting prices suddenly lured in both the types of institutional investors who traditional owned large apartment complexes and those investors who had never before considered residential real estate for their portfolios. Some investors were encouraged to become landlords by lenders or guarantors such as FHA who suddenly found themselves owning thousands of single family homes. They encouraged bulk purchases and in some cases facilitated them by bundling homes into geographically cohesive…(read more)

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