Page 6 - Near East Side News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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

United statesNorth carolinaDistrict of columbiaKansas citySouth carolinaRalph normanJim bakerSanta clausMetro atlantaSophia lopezColor nationalShows companiesRanking memberMuch betterGrocery storeMany americans