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Cerberus, Invitation Homes Squeeze Out Normal Homebuyers

Cerberus, Invitation Homes Squeeze Out Normal Homebuyers
businessinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.com Daily Mail and Mail on Sunday newspapers.

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Milwaukee rentals overtaken by corporate landlords raking in profits

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Out-of-state corporate landlords are gobbling up Milwaukee homes to rent out, and it s changing the fabric of some neighborhoods
Cary Spivak, Milwaukee Journal Sentinel
Published
3:33 pm UTC Apr. 15, 2021
Angela Peterson / Milwaukee Journal Sentinel
Meet the new breed of landlord invading Milwaukee:
A couple of former Silicon Valley executives who were crewmates on the Harvard rowing team; a fast-growing Ohio company that owns more than 13,000 rental homes in 14 states; a native of Peru who has run real estate companies in Houston and Palm Beach, Fla.; and a southern California woman who was looking for a place to park her cash windfall. ....

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SFR Remains a Hot Sector, But Many Renters Continue to Struggle

SFR Remains a Hot Sector, But Some Renters Continue to Struggle
Investors with small portfolios are more likely to feel the pain from tenants that have been unable to stay current on rents than REITs or private equity funds.
Millions of families who live in single-family rentals missed rental payments during the pandemic. Many might not be eligible for the billions of dollars in coronavirus relief passed by Congress in March 2021 or they may need help in applying for assistance.
But it’s likely the impacts will be different for larger investors, such as private equity funds and REITs, where a small number of delinquent tenants is offset by many others staying current, than for the “mom & pop” investors, who might only have one or a handful of properties and even one struggling renter can hurt the bottom line. ....

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Moth-Eaten Eviction Moratorium Leaves Hundreds of Thousands Without a Roof

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WASHINGTON “Raise your hand if you can’t pay rent,” she yelled sharply and resolutely into a microphone. A Spanish translation echoed her words as hands shot up across the crowd. “Now make that into a fist. Because we gotta fight! It’s only when we fight that we can win!” Cheers and hollers muffled by face masks reverberated off the brick facades. Cars honked as they drove by, throwing solidarity fists at the “Cancel Rent” posters lined up along the sidewalk. A woman with a “Food not Rent” banner waved back with encouragement.
According to the Center on Budget and Policy Priorities, “some 22 million adults reported that their household didn’t have enough to eat,” with Black and Latino households more than twice as likely as white residents to go hungry. Based on data collected from March 3 to March 15, 2021, an estimated one in six renters was not caught up on rent and here, again, Black, Latino, and In ....

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High Home Prices Stall Company's San Diego Acquisitions | San Diego Business Journal

High Home Prices Stall Company's San Diego Acquisitions | San Diego Business Journal
sdbj.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sdbj.com Daily Mail and Mail on Sunday newspapers.

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