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
These homes tend to be located in communities with more families of color than the national average. They tend to be located in neighborhoods with more working people and single mothers than average. These private equity firms have the advantage of being able to purchase these homes with cash, therefore they easily outcompete individual buyers who may require loans. This all has the troubling effect of displacing residents of color and leading to gentrification of these communities. Private equity firms have demonstrated themselves to be very poor landlords. Evidence shows these companies implement increases in rent on these homes. Evidence indicates they evict tenants at a higher rate and account for a higher percentage of evictions. Statistics show that evictions by corporate landlords proceeded throughout the covid 19 pandemic. This was despite federal, state and local protections against such evictions. And these evictions are disproportionately of renters of color. This is shamefu
These homes tend to be located in communities with more families of color than the national average. They tend to be located in neighborhoods with more working people and single mothers than average. These private equity firms have the advantage of being able to purchase these homes with cash, therefore they easily outcompete individual buyers who may require loans. This all has the troubling effect of displacing residents of color and leading to gentrification of these communities. Private equity firms have demonstrated themselves to be very poor landlords. Evidence shows these companies implement increases in rent on these homes. Evidence indicates they evict tenants at a higher rate and account for a higher percentage of evictions. Statistics show that evictions by corporate landlords proceeded throughout the covid 19 pandemic. This was despite federal, state and local protections against such evictions. And these evictions are disproportionately of renters of color. This is shamefu