This one in georgia, competition has gotten steep. Sold whats the name of your company . Were private. But the recovery isnt quite what it seems. Housing recoveries are typically led by buyers. And those buyers historically were typically homeowners. People who intended to purchase and live in the home. They werent investors and it wasnt second homes. I dont want to be on camera but in 2011 2012 you started seeing firms that were backed by some of the larger private equity firms beginning to get into the market. Who came in and bought houses by the block basically. Weve been trying to talk to some of the investors here like Invitation Homes right behind me but they refused to talk to us. This has not been the ideal recovery. This is the only housing recovery we have right now. Its a landlords market and rents are rising across the country. The question is are investors jumpstarting the economy or laying the foundation for a new crisis. Right now the biggest landlords in the u. S. Is wa
Competition has gotten steep. Sold whats the name of your company . Were private. But the recovery isnt quite what it seems. Housing recoveries are typically led by buyers. And those buyers historically were typically homeowners. People who intended to purchase and live in the home. They werent investors and it wasnt second homes. I dont want to be on camera but in 2011 2012 you started seeing firms that were backed by some of the larger private equity firms beginning to get into the market. Who came in and bought houses by the block basically. Weve been trying to talk to some of the investors here like Invitation Homes right behind me but they refused to talk to us. This has not been the ideal recovery. This is the only housing recovery we have right now. Its a landlords market and rents are rising across the country. The question is are investors jumpstarting the economy or laying the foundation for a new crisis. Right now the biggest landlords in the u. S. Is wall street. Tonight fa
This one in georgia, competition has gotten steep. Sold whats the name of your company . Were private. But the recovery isnt quite what it seems. Housing recoveries are typically led by buyers. And those buyers historically were typically homeowners. People who intended to purchase and live in the home. They werent investors and it wasnt second homes. I dont want to be on camera but in 2011 2012 you started seeing firms that were backed by some of the larger private equity firms beginning to get into the market. Who came in and bought houses by the block basically. Weve been trying to talk to some of the investors here like Invitation Homes right behind me but they refused to talk to us. This has not been the ideal recovery. This is the only housing recovery we have right now. Its a landlords market and rents are rising across the country. The question is are investors jumpstarting the economy or laying the foundation for a new crisis. Right now the biggest landlords in the u. S. Is wa
Last night we told you the widely held dow component was close to a deal to sell its real estate portfolio. What we didnt know is that that was just the beginning. The company is planning to essentially shed its entire finance unit. The first move is a 26. 5 billion sale of most of its real estate and mortgage portfolio to blackstone and wells fargo. But ge is not stopping there. The company will dramatically slim down ge capital over the next few years and buy back 50 billion worth of stock. That buyback ties apple for the biggest single buyback ever. Wall street loved the moves and sent shares higher by about 11 on the day. Mary thompson has our look at the deal and the new ge. Reporter in its most aggressive move in 14 years of ceo, jeff plans to slash the ge finance unit. Once a strength for ge seen as a drag now. We felt from an investors standpoint this was the right time. Reporter right time because low rates mean yield hungry buyers pay for these assets and selling them mean ge
Last night we told you the widely held dow component was close to a deal to sell its real estate portfolio. What we didnt know is that that was just the beginning. The company is planning to essentially shed its entire finance unit. The first move is a 26. 5 billion sale of most of its real estate and mortgage portfolio to blackstone and wells fargo. But ge is not stopping there. The company will dramatically slim down ge capital over the next few years and buy back 50 billion worth of stock. That buyback ties apple for the biggest single buyback ever. Wall street loved the moves and sent shares higher by about 11 on the day. Mary thompson has our look at the deal and the new ge. Reporter in its most aggressive move in 14 years of ceo, jeff plans to slash the ge finance unit. Once a strength for ge seen as a drag now. We felt from an investors standpoint this was the right time. Reporter right time because low rates mean yield hungry buyers pay for these assets and selling them mean ge