1 Matching Annotations
- Jan 2024
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docdrop.org docdrop.org
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since then, American families have lost more than $7 trillion in equity in their homes. There's been a lot of foreclosures, but guess who's buying up those foreclosed homes? 00:12:49 It's big capital. They're stepping in and now they're financializing houses.
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for: speculative investing - housing, speculative investing - antidote - example - Cincinnati
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description
- speculative institutional investors have bought up trillions of dollars of foreclosure homes and increase profits for their shareholders by:
- neglecting maintenance
- raising rents
- pursuing aggressive evictions
- speculative institutional investors have bought up trillions of dollars of foreclosure homes and increase profits for their shareholders by:
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speculative investing - antidote - example
- In Cincinnati, the Port of Cincinnati bought back 200 homes from private equity firms and did the opposite
- stabilize rents
- perform required maintenance
- training renters to become home owners
- In Cincinnati, the Port of Cincinnati bought back 200 homes from private equity firms and did the opposite
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